On Air Now Jason Quinn 10:00am - 1:00pm Email
Now Playing Runaway (Remix) Corrs Download

IoM businesses express concern over rising costs

Image: Sky News

Inflation and rising energy costs are the main concerns for local businesses.

That's according to a recent survey by the Isle of Man Chamber of Commerce. 

More than 90% of those surveyed said inflation is their major worry, with other concerns such as interest rates, taxation and competitor businesses also being expressed.

Rising energy costs are a worry for 89% of those who took part, with 83% also concerned about labour costs.

A total of 103 members contributed to the survey.

More from Isle of Man News

Listen Live Listen