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:
New prison policies following death of inmate
Inquest into death of 28-year-old continues
Olympic medallist urges people to consider fostering
Fatima Whitbred's been on the Isle of Man this week
Kewaigue School raises over £300 for RNLI
Art exhibition featured 'remarkable pieces' by students
May sentence for man who threatened to stab neighbour
48-year-old told him: "I'm going to slice your head in"
Evidence sought for Area Plan inquiry
Two-week public hearing to take place in July
Traffic lights in operation by Palatine Health Centre
Urgent road repairs will be carried out today and Monday
