The declining value of the revenue pool has been cited as the main reason for government’s estimated £23 million financial shortfall at the end of the current financial year.
Treasury Minister Allan Bell believes the current climate could prove too turbulent for many of our offshore rivals (audio file attached):
Treasury welcomes Bank of England interest rate cut
The cost of borrowing has reached its lowest level since early 2023
Financial Times raises "serious questions" over government due diligence in King Gaming case
Video report scrutinises oversight and background checks, suggesting Isle of Man approach worsened fallout
'Running a business in Strand Street is more difficult than ever'
Traders in Douglas say it's becoming an 'uphill struggle' to operate in the city centre
Traders on Michael Street feel 'abandoned' by politicians in tough times
So what needs to happen to regenerate Peel's high street?
