'The Isle of Man does not cost the UK a penny. We pay our own way in the world — every pound spent here is raised here; no block grants, subventions, special funding from the UK, the EU or any one else.
'By statute our Finance Minister is obliged to balance for a budget surplus — this is done consistently; with no external borrowing, and rates of taxation which actually encourage private enterprise and wealth creation, yet this little nation can still point to first-class publicly financed services in health, education and social security.
There’s just one problem with that.
The UK massively subsidises the Isle of Man to the tune of at least £230 million a year and it in total costs the UK not less than £1.5 billion a year.
I have shown this to be the case.
In other words, Steve Rodan is simply not telling the truth.
It’s not an endearing trait, but it puts him in the company of people like Tescos when it comes to inability to use statistics with any degree of accuracy.