Treasury minister says no assessments of businesses or costs have been carried out since October
The treasury minister says there is little data available on how many employees earn the minimum wage on the Isle of Man.
Alex Allinson was asked to publish impact assessments on the expected effects of the 9.9 percent increase, which will come into effect from April.
In response, he told the House of Keys no assessments of businesses or costs have been carried out since October last year, and only between 2 and 5 percent receive the full minimum wage.
But he admits he understands the concerns of the business community:
‘Cover-up’: Details of ‘peaceful protest’ at prison disputed
System reform needed before rates reform says political commentator
Ramsey Commissioners supportive of Grove Museum's proposed registration
Businesses at Grandstand hopeful of breaking-even as weather disrupts racing