Minister warns inflation could peak at 10 per cent later in 2022
Oil and gas prices are expected to remain 'abnormally high' for at least the rest of 2022.
That's according to Treasury Minister, David Ashford, who's been giving a statement on the Island's financial situation in Tynwald today (26 April).
He also admits that for low-income households, what can be done to deal with rising costs is limited:
Manx Care reviewing pathways and support for those with suspected Covid-19 vaccine injury
It follows a number of listening sessions last year
Hopes traffic will be improved around Douglas amid road closure
White Hoe closure caused significant delays for motorists on its first day
Manx motorists prepare for 'inevitable' fuel price rise
Conflict in Middle East sees oil prices soar
Peter Padgett passes away
He founded motorcycle business and race team