The timing was a surprise but the move itself certainly wasn't.
That's the Treasury Minister's view of news the UK government is to review its VAT sharing agreement with the Isle of Man, which currently accounts for over half of our government's income.
Mr Bell says given how the global economy has struggled over the last year or so, it was inevitable the UK would start to look at every possible way of saving money.
No impact assessment carried out ahead of minimum wage decision
Less than 60 people responded to a survey
Douglas Coastguard aid overnight medical transfer
Patient transported by helicopter 936 from Caernarvon
Treasury 'still negotiating' backup options for MiCard users with no bank account
Service is due to be switched off at the end of the year
Yellow weather warning issued for ice
Forecasters warn it could be further extended
DEFA minister welcomes Milan Vets' farming services extension
Clare Barber tells Tynwald it's vital an alternative provision is secured
