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:
Tynwald rejects proposed referendum on the Island’s net-zero policy after extensive debate
Island to maintain its current policy approach
Are Manx people happy?
Government publishes Social Attitudes Survey
Tonight's Heysham sailing cancelled
Overnight return service also called off due to forecast poor weather
Plans to progress waste disposal facility near Ronaldsway outlined
The proposals are currently on display at Malew Commissioners
Emergency Road closure to remove dangerous tree
Teams on site in Billown Dip