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TT merchandise company still owes government over £100k

A failed TT merchandise company still owes the government a total of £124,273.

The figure was given in Tynwald by Enterprise Minister Tim Johnston in response to a question from Douglas North MHK John Wannenburgh. 

He said the money was owed from contractual commitments for the 2023 TT, and includes late penalties. 

Mr Johnson also explained where things stand with the debt currently: 

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