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:
All remaining bus services tonight cancelled
Bus Vannin says decision is for safety of staff and customers
Mountain Road to close overnight
Closure part of latest updates regarding Storm Darragh
All flights cancelled and airport to remain closed
Storm Darragh puts a halt to all air travel on and off-Island
Yellow weather warning issued for coastal overtopping
Waves expected to affect Peel and Ramsey coasts
