Inflation Report – January 2022
The latest inflation report, compiled and published by the Statistics Isle of Man team at the Cabinet Office, shows inflation stood at 6.4% for January 2022.
A summary and the full report are available online
Author Archives: Isle of Man Government News
Budget 2022 – Practice Notes
In his Budget speech today, Treasury Minister David Ashford MBE MHK announced various taxation and National Insurance measures.
The Income Tax Division of Treasury has today published two Practice Notes.
PN 218/22 – Budget 2022 – Income Tax and Nation…
Financial Sanctions: Russia
This news release is issued to publicise the amendment of 1 entry to the Russian sanctions regime.
The Russia (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/855) were made under the Sanctions and Anti-Money Laundering Act 2018 (the Sanctions Act) an…
Budget 2022 at a glance
An increase to the personal income tax allowance of £250 to £14,500 will lift approximately 300 people out of the tax net and reduce income tax by up to £50 for individuals and £100 for jointly-assessed couples.
Key rises in the following benefits:
…
Spending equates to £14,044 per person
Total Government gross spending projected for 2022-23 equates to around £14,044 per head for every member of the Island’s population[1], including children.
This per person figure includes:
£4,214 for Social Security payments such as the State Pension…
Capital programme sets firm base for Island Plan
A five-year capital programme set at £485.3 million will provide a firm base for Isle of Man Government departments to fulfil the aims of Our Island Plan.
The Budget for the forthcoming financial year involves a capital spending commitment of £174 mill…
Budget 2022 – Investing In Our Island’s Future
Maintaining economic strength, enabling growth, supporting working families and protecting the vulnerable were the key themes when Treasury Minister David Ashford MBE MHK delivered his 2022 Budget in Tynwald today (Tuesday 15 February).
Emphasising the…
2021 Isle of Man Sports Awards shortlist revealed
The shortlist for the 2021 Isle of Man Sports Awards has been announced following public nominations and shortlisting by the Isle of Man Sports Awards committee.
The event, which gathers the Island’s sporting heroes, will be held at the Villa Marina in…
Manx Care announce a further relaxation of face masks in certain settings
Manx Care no longer requires the use of face masks in all of its health and social care settings – instead, they will now only be required in inpatient/outpatient/resident/service user areas.With immediate effect and in line with UK Health Security Age…
Labour market report for January 2022
The latest labour market report, compiled and published by the Statistics Isle of Man team at the Cabinet Office, shows the number of people registered unemployed was 309 for January 2022.
The figure increased by 18 persons from the previous month (Dec…