UK budget will cost government

Thu, 20 Mar 2014

The outcome of the UK budget is expected to cost the Island around £300,000 a year.

These costs have come following the amendments made on duty charges on alcohol and tobacco sales.

Treasury Minister Eddie Teare says although an annoyance it will by no means derail the budget plans for the following year.

Mr Teare says George Osborne’s budget also contained a lot of positives for the Island: