
Government departments will have to pay for Treasury loans in the future.
From 2015, a one per cent charge on the borrowing amount will have to be paid.
Treasury Minister Eddie Teare announced the initiative during a sitting of the Economic Policy Review Committee.
He outlined why he's bringing in the policy:

Police issue statement after reports female 'grabbed by her arm'
Option to relocate dementia patients no longer being considered by Manx Care
'Multitude of late boat arrivals' impacting customer numbers, says business
Tynwald Day event to be held in London