Treasury Minister Chris Thomas says most people will be £500 a year better off under new tax thresholds.
He was delivering his first budget speech during Tynwald's sitting in Douglas today.
Mr Thomas says tax thresholds for single people will rise to £17,000, and £34,000 for couples.
He said that will boost spending in the local economy:
Politician's anger over Post Office profits and cutbacks
Rushen MHK Juan Watterson says he feels angry after the Post Office announced it made millions in profits last year, but slashed back its network.
Number of post offices to temporarily close for a day
A number of post offices will be closed for a day over the next few weeks.
Minister says she can't provide update on NSC floor tiles
The minister of the Department of Education, Sport and Culture says she can't provide any update on ongoing attempts to fix the NSC floor tiles.
Afternoon ferry is next to be cancelled by weather
The Steam Packet says its 2.15pm crossing from Heysham to Douglas will no longer be going ahead this Sunday, April 5.
Difficult to compare Island's Hospice funding with UK, says minister
The Health Minister says comparisons between government funding of hospices here and abroad must be made with caution.
Mountain Road to close because of gales
The Department of Infrastructure says it'll soon be closing the Mountain Road because of high winds.
New amber warning issued for tonight's storm
Ronaldsway Met Office has upgraded tonight's weather warning from yellow to amber.
Police appeal over theft of building materials
Police in the West are appealing for information about stolen buildings materials.
