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:
Landmark Port Erin hotel up for sale
The Bay Hotel is currently closed for the winter
Douglas Council says 'anti-fragile' systems in place to deal with severe storms
Leader Devon Watson says council budgets for 'unforeseen circumstances'
Heysham sailings brought forward
All other crossings today cancelledÂ
'The truth has prevailed' say family of murdered teenager
16-year-old found guilty of murdering Christopher McBurnie
