Treasury minister gives 'Economic Recovery Fund' statement
The Island's economy has fared better than anticipated during the coronavirus pandemic, the treasury minister says, but 'plan B' is ready if the situation worsens.
Alf Cannan laid out his 'Economic Recovery Fund' statement to Tynwald.
He said initially the impact of Covid-19 was expected to be more financially damaging than the 2008 recession.
We shouldn't be complacent, he added, saying "events could quickly turn against us":
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