UK Budget could force Island to raise its game

Thu, 17 Mar 2016

UK Budget announcements make for uncomfortable reading according to the Treasury Minister.

Yesterday Chancellor George Osborne announced plans to cut Corporation Tax there to 17 per cent from 28 per cent by 2020.

It means inward investment here will become a harder task as businesses won't look as favourably on offshore jurisdictions as they have in the past.

Minister Eddie Teare say it's time for the Isle of Man to raise its game: