1% tax rise 'could raise £10-million', says minister

The government could raise an extra £10-million a year IF they raised taxes by 1%.

That's according to Treasury Minister, Alf Cannan, in the House of Keys this week.

His statement came in written response to a question put to him by Douglas South MHK Kate Beecroft.

Mrs Beecroft asked how much a 1p rise in both the income tax rate and National Insurance rate would raise.