New figures show Island is stable

Saturday, 11 October 2014 00:00

The latest inflation and employment figures could spell good news for the Island's stability.

The annual rate of inflation, as measured by the Consumer Prices Index, has fallen to one per cent and the rate measured by the Retail Prices Index held at 2.6 per cent.

Unemployment has dropped to its lowest level in three years, with 1.9 per cent of the economically active population out of work.

Carl Hawker is the executive director of policy in the Cabinet Office - he reveals the reasons behind the positive statistics:

More from Isle of Man News

Chance to win VIP TT tickets

The Department of Enterprise is giving away two VIP TT tickets if you can guess the star of its latest advertising campaign.
Low tides disrupting ferry sailings

Ferry sailings are being affected by low tides creating difficult berthing conditions in Douglas.
Bushy's reveals TT lineup

Bushy’s TT Village has revealed the live bands who’ll be playing this TT.
One person cut from car after Mountain crash

Firefighters were called into action in the early hours of Sunday morning.
MHK questions public sector worker overpayments

How many public sector workers have been overpaid - and then subject to stress and emotional harm?
Your chance to become weather forecaster!

Could you help forecast the Island's weather?
Company sets up TT hub

A new TT merchandise shop is going to replace a former nightclub in Douglas.
Are gas supplies being cut off illegally?

Questions about vulnerable customers having their gas cut off will be raised in the House of Keys next week.