The Island’s Treasury Minister says a new Conservative government could mean stiffer competition for Manx business in future.
the House of Keys this morning, he faced questions about regulation in the finance sector from Onchan MHK Peter Karran.
Mr Karran asked whether the Treasury anticipated any extra pressure on our finance sector with David Cameron’s government likely to cut taxes.
In response, Mr Teare said the government was keeping a close eye on developments in the UK:
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