Advertisement

'Politicians must all help save money'

by isleofman.com 18th November 2009

The treasury minister has told Tynwald every aspect of government spending must be examined, to find ways to offset the huge shortfall caused by the loss of more than ?100 million in VAT revenue.

Allan Bell spoke at the end of a debate on the United Kingdom's decision to re-draw the 'common purse' agreement.

It has reduced the Isle of Man's share of the VAT 'take' and left a sizeable hole in public spending budgets for years ahead.

Mr Bell said members of Tynwald must be prepared to look at all possible ways to make savings:

Posted by isleofman.com
Wednesday 18th, November 2009 02:30pm.

Popular Articles

Upcoming Events

Nobles Parkrun

A free, fun, and friendly weekly 5k community event in Nobles Park.  Walk, jog, run, volunteer or spectate...
17 May

Bridge Club

Monday is Bridge Day at the Onchan Pensioner's Social Club   We have two bridge clubs that meet on a weekly...
19 May
View More
Advertisement

You also might be interested in

Stephen Savage joins Quinn Legal’s Corporate and Commercial legal team.

Business

When the clocks sprung forward we lost another precious hour of sleep

Health & Wellness

The GFoGE guide to obstacle races & why should you do one.

Sports & Leisure

Why not take a "Wallaby" walk in the Curragh?

Nature & Wildlife

Hop-tu-Naa is an ancient festival celebrated on the Isle of Man

Visitor Guide

The Isle of Man hosts many traditional ceremonies throughout the year

Visitor Guide