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:
Hark! Claims school didn't allow Christmas carols to be sung "rumour" and "hearsay", says minister
Daphne Caine quizzed by Onchan MHK Julie Edge in the House of Keys
Education minister defends attempt to reopen schools for a half day on snow day
But Daphne Caine can't confirm if teaching staff will be paid for the day missed
Senior lecturer struck off nursing register after groping student
Henry Mutasa, formerly of Ramsey, 'demonstrated a repeated pattern of behaviour'
'Little data available' on number of employees earning the minimum wage on the IOM
Treasury minister says no assessments of businesses or costs have been carried out since October
Douglas high school reapplies for TT tents on school field
Ballakermeen hopes to also get planning approval to operate them during MGP