Treasury minister to make statement on tax strategy next month

Alex Allinson will provide the update at December's Tynwald sitting

The treasury minister will make a statement on the Island's tax strategy next month.

Alex Allinson will provide an update when Tynwald sits in December.

It will come following this week's autumn statement by UK Chancellor Jeremy Hunt.

Across the water, the UK Prime Minister's been hinting that there could be tax cuts in statement on Wednesday.

Rishi Sunak's claiming that because the rate of inflation has come down - the economy is strong enough to support giveaways.

He says the UK government can now move to the "next phase" of its economic plan.