Minister warns inflation could peak at 10 per cent later in 2022
Oil and gas prices are expected to remain 'abnormally high' for at least the rest of 2022.
That's according to Treasury Minister, David Ashford, who's been giving a statement on the Island's financial situation in Tynwald today (26 April).
He also admits that for low-income households, what can be done to deal with rising costs is limited:
Sailings cancelled due to predicted gales
Yellow weather warning for Thursday
Have your say on the future of the Island's plantations
DEFA launches consultation on its plans to move towards mixed, multi-age woodlands
Warning for 'disorderly' parents attending schools
Police tell people to follow 'appropriate channels' with concerns
Yellow weather warning for gale force winds
Travel disruption likely
New board members sought for abattoir
Recruitment process now open