MLC says Island's financial position 'isn't all doom and gloom'
An MLC says the Isle of Man's economy is showing 'extraordinary resilience' in response to the cost of living crisis.
Bill Henderson, who's a political member for Treasury, insists the Island is in a strong position, despite the impact of rising prices and inflationary pressure.
At the end of March, the Island's inflation rate stood at 9.1%.
Mr Henderson says it's not all bad news for the Island:
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It says it's not a 'competitive tender process' at this stage