High inflation blamed for 20p increase
Rates in Onchan are increasing by six per cent.
Onchan District Commissioners has set the rate at 343 pence in the pound.
It's a rise of 20 pence from the previous financial year.
Finance lead Anthony Allen has blamed a number of factors:
Government plans to withdraw interest from reserve fund no longer required
Higher than expected income tax receipts mean it's not necessary
Peel Commissioners not adding 'discretionary' one percent increase to social housing rents
It reviewed rent arrear levels and 'escalating' food costs when making the decision
New organ donation laws set to come into force in coming weeks
It follows Tynwald approval of new measures earlier this year
CoMin 'recognises and is mindful' of minimum wage concerns
Chief minister discusses businesses' reaction to upcoming rise
