Teare - budget rebalancing almost done

Treasury Minister Eddie Teare says he hopes to have rebalanced the Island’s budget by the start of the next financial year.

This week in Tynwald, members debated the Island’s budget strategy after Michael MHK Alf Cannan called for a new approach.

Mr Teare says he welcomes input from other Tynwald members.

And he says the struggle to cope with the loss of VAT revenue from the UK is almost complete: