Gov't considers further support in light of rising cost of living

Chief minister chairs meeting of Economic Strategy Board

The treasury minister is expected to make an announcement before the end of the week regarding further financial support in light of the rising cost of living.

Chief Minister Alfred Cannan chaired a meeting of the Economic Strategy Board yesterday.

He says the board agreed the immediate priority had to be to protect the Island's most vulnerable, however also agreed more needed to be done to help others beyond those groups.

It's as energy bills, in particular, have seen a significant rise over the course of the last year.

The Council of Ministers is due to meet on Tuesday before meeting with all members of Tynwald to consider wider support.

This afternoon the Chief Minister @alfredcannan chaired a meeting of the Economic Strategy Board to consider what further action @IOMGovernment can take to support the people and economy of the #IsleofMan with escalating cost of living pressures. pic.twitter.com/0OUOWSfbMp

— Isle of Man Chief Minister (@iomcm) August 10, 2022