Work is underway to determine how much the Island will receive in future VAT revenue from the UK.
The Treasury is half way through a data collection exercise which is looking at household income and expenditure.
Later this month it will start a similar process for the company sector – asking businesses to provide a breakdown of their figures relating to revenue and costs.
Minister Eddie Teare told us why the work is so important:
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Logan Air confirms changes to Birmingham route schedule
Logan Air has confirmed there will only be one flight scheduled between Birmingham and the Island during the summer and winter.
Minister says Braddan Roundhouse access route work is underway
Health Minister Lawrie Hooper says preparation work is underway by Braddan Commissioners to build an access route to The Roundhouse after his department shut off the road.
Part of Dukes Ave to close during TT fortnight
A section of the road by Police Headquarters will close to traffic during the TT period for the first time.
Chief Minister and DESC meet with Southern Swimming Pool Board
The Chief Minister and Minister for Education, Sport and Culture have met with representatives of the Southern Swimming Pool to discuss the future of the pool.
Logan Air to stop weekend flights between IOM and Birmingham
Airline Logan Air has announced that its Saturday flights between the Isle of Man and Birmingham will be stopped from later this year.
Enterprise Minister says gov planning to collect more hospitality data
The Island's Enterprise Minister says he doesn't know how many hospitality businesses have opened or closed since a new economic plan was unveiled.
Sprinklers put out flats fire
Firefighters say they were called to a block of flats in Onchan earlier.
Section of Mountain Road closed for oil clean-up
A section of the Mountain Road is currently closed after an oil spill.
