On Air Carnaby Street Chris Williams | 8:30am - 10:30am

VAT revision move 'inevitable'

The timing was a surprise but the move itself certainly wasn't.

That's the Treasury Minister's view of news the UK government is to review its VAT sharing agreement with the Isle of Man, which currently accounts for over half of our government's income.

Mr Bell says given how the global economy has struggled over the last year or so, it was inevitable the UK would start to look at every possible way of saving money.

Clip 1

More from Isle of Man News