Heads in the sand in the Isle of Man

Posted on

isleofman.com: news - Budget Sets Island on Road to Change.

There are full details of the Isle of Man budget in the link - the budget that is meant to begin addressing the loss of VAT revenue some there blame on me.

What's the main measure? A raid on reserves.

And massive cuts in spending.

But no significant tax rises.

That's all heads in the sand stuff: the reserves won't last forever, the cuts will hurt - and education is not immune despite the note I made earlier today - and tax will have to be raised.

The crisis is being deferred. But it remains a crisis all the same. And one that it is clear Alan Bell, finance minister of the Isle of Man, has no idea how to tackle.

Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:

You can subscribe to this blog's daily email here.

And if you would like to support this blog you can, here: