Perspective 22.2.26 - a give away pre-election budget to kick start economic activity or a reckless raid on reserves?
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What did the Treasury Minister actually deliver in last Tuesday’s Tynwald sitting? Was it a give away pre-election budget through prudent use of reserves to help kick start the economy or a reckless raid on government’s hard earned savings. I suspect the answer lies somewhere between the two but what did Tynwald members make of it? What is clear is the vast majority of earners will be better off in the next tax year but is the continued use of reserves sustainable? Hopefully the extra money the government is keen to stuff in our back pockets won’t come at a cost after the election.
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