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Health Minister David Anderson says the Isle of Man must remain prepared to fight the United Kingdom over revisions to the VAT revenue sharing agreement.
When the UK last changed the agreement, in 2009, it left the Manx government looking at a £140 million shortfall in finances over a number of years.
Mr Anderson says any further renegotiation by the UK could leave the Island with even more financial problems.
But, on Election Agenda last night, he told James Davis he didn't think it was in any immediate danger:
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