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:
Next confirms departure from Island
Retail giant says the terms to renew its lease were not 'commercially acceptable'
UK Government approves sale of Manx Telecom
Chancellor of Duchy of Lancaster clears JT and CVC takeover of telecoms provider
Tynwald to debate how to fund future long-term care
Nursing, Residential and Home Care Report to go to politicians
Services to begin to return to Ramsey and District Cottage Hospital in mid-May
Some will be delivered from temporary buildings on site
