On Air Saturday Live Paul Moran | Noon - 4:00pm

£90 million taken out of Island's NI fund during Coronavirus pandemic

Treasury Minister confirms it won't be paid back

More than £90 million was taken out of the Isle of Man’s National Insurance Fund during the Covid-19 pandemic.

In the House of Keys this week the treasury minister confirmed there are no plans to replace this money.

It was used to support two initiatives - the Manx Earnings Replacement Allowance and the Salary Support Scheme – which helped those who found themselves out of work.

Douglas Central MHK Chris Thomas queried whether this had led to other problems:

More from Isle of Man News