The Island’s Treasury Minister says a new Conservative government could mean stiffer competition for Manx business in future.
the House of Keys this morning, he faced questions about regulation in the finance sector from Onchan MHK Peter Karran.
Mr Karran asked whether the Treasury anticipated any extra pressure on our finance sector with David Cameron’s government likely to cut taxes.
In response, Mr Teare said the government was keeping a close eye on developments in the UK:
Fundraiser for TT rider Maria Costello surpasses £220k
Motorsport legend is currently paralysed after breaking her back
Warmer than average May for Island
239 hours of sunshine recorded in the month
Manx BirdLife awarded funding for new warden
Over £28,000 provided by Dormant Asset Fund
Increased DfE support 'to tackle rising costs and global pressures'
Expanded eligibility and increased funding for support schemes
Police appeal after two motorcycles involved in collision
Incident saw Tholt-Y-Will backroad closed for several hours
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