The enterprise minister acknowledges that many households and businesses are navigating significant challenges.
The independent Minimum Wage Committee is recommending to Tynwald that no increase to the minimum wage should be considered before April next year.
The committee points to the 6% increase implemented in July this year.
Enterprise Minister, Tim Johnston acknowledges that many households and businesses are navigating significant challenges.
But he says it's crucial that any proposed changes strike a careful balance which meets the needs of the community, prioritising fair wages whilst also supporting the financial stability of businesses to create a more resilient economy where everyone can thrive.
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