Move announced in budget not a long-term solution, says Allinson
There are more assurances that the planned rise to the higher rate of Income Tax will be a temporary move.
As part of his 2024/25 budget, Treasury Minister Alex Allinson announced an increase from 20 per cent to 22 per cent.
The extra funds will go directly to health and social care services on the Island.
Dr Allinson told Manx Radio how the change will work:
TT 2026: Three races due to take place today
Supersport, Sportsbike and Senior Races all on the schedule
Police say they've seen a spike in drug offences on the IOM this week
Possession and production among the key crimes being picked up
German TT visitors fined after flouting speed limit
Pair spotted doing 95mph in 50mph zone
£50K prize pot to be split between sidecar competitors
Follows cancellation of class at TT 2026
Southern 100 planning to run classic sidecars for 2026
It's after modern machines were excluded from July event