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:
Two Island roads closed because of diesel spills
Both the Mountain Road and the A1 between Union Mills and Ballacraine are shut
Campsites 'inundated' with bookings for TT 2027
Hospitality sector planning for next year whilst gearing up for 2026 event
Polls open for Garff Commissioners by-election
Two vacant seats for Lonan Ward
Heritage groups call for historic property to be saved from demolition
Westhill House in Castletown under threat
