The Treasury Minister has revealed the Isle of Man's spending plans in the annual Manx Budget.Read the full story ›
Many here are worried about how they'll cope if they lose their job or receive an unexpected bill.Read the full story ›
Philip Hammond has set out his Budget plans in the Commons, where he declared that the "era of austerity is finally coming to an end".Read the full story ›
The annual Isle of Man TT Races brought a significant amount to the Manx economy this summer.Read the full story ›
Multi-purpose complex 2019 construction to bring island 130 new jobs.Read the full story ›
The Isle of Man's parliament is due to approve an increase in the minimum wage later this month.
It follows recommendations from the Minimum Wage Committee to the Department for Enterprise.
Changes include removing the different wage rates for those aged 18 to 20 and 21 to 24, so that the main rate will apply to all over 18.
Other proposals are:
- the hourly rate for employees over compulsory school age but not yet 18 would increase by 15p from £5.70 to £5.85.
- the main rate of minimum wage for workers aged over 18 will be £7.85 an hour, an increase of 35p for workers over 25 years, 65p for workers aged 21 to 24, and £1 for workers aged 18 to 20.
If approved by Tynwald, the new rates would take effect from 1st October.
The recommendations to Tynwald are put forward in the spirit of fairness and equality as we continue to position the Isle of Man as a progressive, diverse, and attractive place to live and work. The simplification of the different minimum wage rates will also support our Island’s drive to attract and retain more young workers as well as streamlining the guidelines for employers.
The Unite union is calling on customers and pensioners to join staff at the protest in Manchester on Wednesday.Read the full story ›
The Isle of Man Treasury will propose to buy the Steam Packet Company in a Tynwald Parliament sitting next week.Read the full story ›
The Isle of Man has today approved the introduction of a new Manx state pension from April 2019.Read the full story ›
The Isle of Man's Tynwald Parliament has approved a Harbours Strategy which would include building an £80m refurbishment of Douglas Harbour.
It would cover the island’s five key ports – Douglas, Ramsey, Peel, Port St Mary and Port Erin – and includes support for the £11 million development of deep water berthing facilities to allow cruise ships to dock at Victoria Pier, Douglas.
The proposals set out following the review identify a three-year order of works covering seven different areas, with an estimated total cost of £80.37m.