Concerns are raised about inflation and fuel prices as David Ashford's financial plan is approved.
Rising energy costs and inflation could "undo" any benefits in the Isle of Man government's budget, an MLC has warned.
It comes after Manx Utilities chairman Rob Callister announced electricity prices were due to rise above inflation due to an "energy crisis"., which includes a £250 increase in the personal tax allowance to £14,500, won the backing of politicians. The government-owned organisation was facing an "extremely difficult operating environment" given the wholesale prices of natural gas, he added.in October.
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