Island braces itself for possible implications of UK mini-budget

Chair of Manx Technology Group gives his view

The Manx Government will be waiting for details of today's UK (Friday) mini-budget with some trepidation.

That's the view of Manx Technology Group chairman and former government economist John Webster.

Of concern will be the prospect of significant tax cuts, including a possible reduction in VAT rates and the cancellation of the planned NI increase.

Mr Webster believes the Isle of Man must devise a clear economic strategy: