Treasury Minister announces 2020 budget

Treasury Minister, Alf Cannan MHK, has presented the budget for 2020 in Tynwald today.

Among the key points the Personal Tax Allowance will rise again to £14,250 and there are targeted rises in benefits including a 3.9 per cent rise for the basic state pension and a 2 per cent increase for both child benefit and disability living allowance.

Meanwhile, £10million will be focussed on the Islands response to the climate change emergency and £14million towards healthcare services including £5million to support the transformation of them.

£1million in capital funding will be put towards new communications equipment for emergency services and nearly £600,000 to invest in a new and improved air ambulance service on Island.