It's been confirmed the proposal which could speed up repayments to Kaupthing Singer and Friedlander depositors will cost £94 million pounds.
The KSF Limited Early Payment Scheme would increase the payment each eligible account holder could receive to an amount not exceeding £10,000.
It will go before Tynwald for approval next week.
Decision on schools to be made in the morning
Wintry weather continues to affect large parts of the Island
Amber alert issued for ice and wintry showers
Bus Vannin is asking passengers to only travel if 'absolutely necessary'
Mountain Road closed until Monday
It's as a yellow weather warning for ice and wintry conditions remain in place
Police warn of 'treacherous conditions' following heavy hail shower
Motorists advised to exercise extreme care
