Island confirms FERSA calculations with UK Government
More than £40million will be allocated to the Island's general reserves after the Isle of Man reached an agreement with the UK Government following a VAT survey.
Treasury Minister Alfred Cannan made the announcement during his annual budget speech at Tynwald this morning.
He confirmed the funds will be used for areas such as health and social care, as well as tackling climate change.
The move comes after the calculations from the Final Expenditure Revenue Sharing Agreement were confirmed:
Health Minister says work is 'underway' on access road to The Roundhouse
Higher taxi tariff now in force from 11pm
Private members bill regarding Bishop’s vote makes progress
Braddan Commissioner 'refutes' allegations of misrepresenting Roundhouse access issues
Disqualification for driver who was three times the drug limit
Southern Amenity Site changes disposal policy for residents to six bags a month
