Figures that inform the Budget have been long outdated – but won’t be again.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Decisions on the annual budget typically come from information that is 18-months to two years out of date – giving an unrealistic representation of the Island’s economic stance.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:
Bus Vannin warns of disruption during MGP contingency day
Bus Vannin says a number of its services may be disrupted today with a contingency practice session for Manx Grand Prix.
Nearly £42k in government backing for buy local schemes
Enterprise Minister Tim Johnston says his department has backed buy local schemes to the tune of almost £42,000 this year.
Cruise ship to visit today
A cruise ship carrying more than 300 people will be making a stop in the Isle of Man today.
Police warning over speeding ticket text scam
Police are warning about a scam involving fake texts about speeding tickets.
Warning for MGP motorhome visitors
Motorhome drivers are being warned not to stay overnight on Douglas Promenade.
Island resident Fury's show shortlisted for new award
Island resident Tyson Fury's reality show has been nominated for a new prize in the UK's National Television Awards.
Two practice sessions planned later for contingency day
Race organisers are hoping the weather stays fine enough for two practice sessions today.
Local authority to discuss buying Bee Gees home tomorrow
Braddan Commissioners will discuss proposals to buy the former home of the Bee Gees tomorrow.
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