Member Bill Shimmins says government finances are faring well
A VAT cut on some food and attractions from twenty to five per cent, is a 'manageable' cost for government.
That's from Treasury Member Bill Shimmins, who says the move, which follows the UK, will support the Island's hospitality sector.
The reduction is to take effect from Wednesday, 15 July.
Mr Shimmins says government can comfortably deal with the cost:
DoI seeking 'fair and sustainable' solution to bus drivers' dispute
Political member for department provides update in House of Keys
IOM taking pre-emptive moves as Middle East conflict continuesÂ
This afternoon the Economic National Strategy Board will assess potential inflationary pressures
Island gets 'bang for its buck' without a London office, says External Relations director
Chris Brannigan says engagement at party conferences proving useful
Two sailings cancelled due to weather forecast
Afternoon departure from Heysham and evening crossing from Douglas called off
