Minister warns inflation could peak at 10 per cent later in 2022
Oil and gas prices are expected to remain 'abnormally high' for at least the rest of 2022.
That's according to Treasury Minister, David Ashford, who's been giving a statement on the Island's financial situation in Tynwald today (26 April).
He also admits that for low-income households, what can be done to deal with rising costs is limited:
CoMin making 'significant and determined efforts' to implement recommendations from Ranson review
Update on Richard Wright report to be debated at January's Tynwald sitting
Rain events 'difficult to forecast' on the Isle of Man
Senior meteorologist discusses wetter than average November and December
Planning permission granted for 26 industrial units
Units to be built in two separate blocks in the south of the Island
Port St Mary Commissioners urging residents not to 'struggle in silence'
Chair Jean Teare says important for housing tenants to reach out if they're getting behind
