Hospitality Board welcomes change to Minimum Wage proposal 

Second planned increase 'deferred'

The Isle of Man's Hospitality Board says the revision of plans to increase the Island's minimum wage will come as a 'huge relief' for businesses.

A second increase to the rate, which was planned to come into effect in October, has now been deferred by government.

Hospitality Isle of Man says a detailed review of the impact on earnings and wage costs must be considered going forward.

The board is made up of representatives from the Licensed Victuallers Association (LVA), Restaurateurs Association, Licensing Forum and Chamber of Commerce.

In a statement, Interim Chair of Hospitality IOM, Steve Pickett, says: "The Hospitality Isle of Man Board welcome the change to the Minimum Wage proposals. 

"This will be a huge relief for many businesses across the hospitality sector and the wider economy. 

"The Hospitality Board also agree that a detailed review of the wider impact on earnings and wage costs sustainable by businesses must be considered. 

"The minimum wage cannot be considered in isolation, and we would welcome the review taking into account the current Minimum wage age brackets and related taxation bands. 

"Hospitality IOM is committed to working directly with the Treasury and DfE to ensure these proposals and future changes are manageable and sustainable for all stakeholders."