New tax strategy or face austerity, warns MHK
The Island needs to look at its tax strategy to avoid reserves being depleted.
That's from Douglas North MHK David Ashford, who was speaking on Manx Radio's Mannin Line this lunchtime.
The former treasury minister has previously warned of a 'crisis point' being reached:
Current treasury minister, Dr Allinson, has said that government would have to look at cutting public spending if it hadn't drawn down from the Island's reserves in recent years.
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