13 minutes | Wednesday, 1 October 2025
The Isle of Man Chamber of Commerce says a sharp rise in the minimum wage could put small firms under "unbearable" strain.A 9.9 percent increase is set to be presented to Tynwald despite inflation being at just 3.3 percent.A Chamber survey found nearly half of businesses fear a significant impact.Chief Executive Rebecca George told Manx Radio's Christian Jones this could mean higher prices, fewer jobs, and stalled growth.