Statement expected on Manx economy

An update on the state of the Manx economy amid the Coronavirus pandemic is expected today.

Treasury Minister, Alf Cannan MHK, is due to make a statement on the financial status of the Island this afternoon.

Last week, Mr Cannan brought forward £100million worth of support packages for residents and businesses affected by the COVID-19 outbreak.

One of those initiatives - offering £3,000 grants to assist the self-employed - has since been extended to include those working in the construction and education sectors.