Figures that inform the Budget have been long outdated – but won’t be again.
That’s according to the Treasury Minister who says quarterly reporting will begin in May or June of this year.
Decisions on the annual budget typically come from information that is 18-months to two years out of date – giving an unrealistic representation of the Island’s economic stance.
Eddie Teare says that needs to change:
Island part of union data breach investigation
The Island's information commissioner is taking part in an investigation into a huge data breach at a trade union.
Cracked pipe closes NSC pool
The main swimming pool at the National Sports Centre in Douglas has closed this morning.
Island updates arms export rules
The Island's updated its export controls to match the latest European and UK regulations.
Onchan Raceway to stay open with new lease
Onchan commissioners say Onchan's raceway will remain in operation after the company agreed to sign a new lease.
Jobcentre can't stop ads being doubled up
Treasury Minister Alex Allinson says there's no way of ensuring job ads in the Island's Jobcentre aren't doubling up.
Deposits are biggest barrier to getting on property ladder
Manx residents have told a survey about barriers to first-time buyers getting on the property ladder the biggest difficulties are financial.
Vegan beauty salon up for sale
The owners of the Island's first vegan beauty salon say they're selling up.
Committee says more housing needed for young people
A Tynwald committee says the government needs to provide more housing for young people who can't find private rental accommodation.
