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Chief Minister Speaks to 3FM About Major Loss to Island's Budget

Chief Minister Speaks to 3FM About Major Loss to Island\'s Budget

The Chief Minister Tony Brown has been speaking to 3FM about today’s announcement regarding the end of the Island’s Tax and VAT sharing arrangement with the UK.

 

It means that the Island will lose 90 million pounds from it’s yearly budget in the coming financial year, and £140 million in subsequent years.

 

The Chief Minister said we face tough times ahead:

 

(AUDIO ABOVE)

 

Mr Brown has said there will have to be Public Service cutbacks as a consequence, so 3FM want to hear your suggestions on what you think could be cut back in an effort to save money.

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