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Re-balancing a significant achievement

A leading figure in the Island’s financial services sector says the industry will be listening to tomorrow’s (Tuesday) Manx budget with interest.

Treasury Minister Eddie Teare is due to get to his feet in Tynwald shortly after ten thirty.

He’s expected to announce a balancing of the revenue budget for the first time since the VAT bombshell.

Tax director of Equiom Isle of Man, Philip Dearden, says while it needs to bolster its reserves, government can be proud of its achievement.

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