There's no evidence to suggest retailers in the Isle of Man will cash in on the rise in VAT.
That's the view of the Office of Fair Trading, which has been responding to suggestions in the United Kingdom press that shops could increase prices by between five and eight per cent.
From today (Tuesday), the VAT on the majority of high street items has gone up from 17.5 to 20 per cent, but OFT chief officer Paul Gelling says many traders are actually reducing prices:
Garff Commissioners hosting offshore windfarm drop in session today
It has invited representatives from Orsted and campaign group Not4Iom to attend
No harbour basin work planned in Laxey this summer
Regular inspections will continue but re-grading work not necessary at this time
Public invited to suggest new brownfield site for potential re-development
A consultation has been launched by the Cabinet Office
Anthony Allen re-elected as chair at Onchan Commissioners
Commissioner says it's been an honour to serve in the role over the last 12 months
Police urge public to check person's identification if claiming to be a police officer
Constabulary says it's not aware of an officer visiting a Manx resident to voice concerns over social media posts
