Latest News Headlines
On-Air Now
Listen Live
Facebook

Treasury Minister announces personal allowance, child benefit increases

Tue, 21 Feb 2017


The Treasury Minister says this year's budget will help working families and make 44,000 individuals on the Island better off.

Alfred Cannan announced the personal income tax allowance will increase by £2,000 to £12,500 for the 2017-18 financial year, while child benefit will increase by 2% - the first rise since 2010.

The Treasury will designate an additional £11m for health services and a 2.5% rise to the basic state pension.

Mr Cannan also revealed plans to find annual savings of £25m across Government, while insisting the budget is one of optimism and confidence.

Bookmark and Share

 

 

Subscribe to get Energy FM News direct to your mobile device

You can get Energy FM News delivered direct to your mobile device using one of the following methods.

  • In the Apple News App on iOS search for Energy FM IOM and then just add it to your favourites
  • In the Google News & Weather App just search for Energy FM and then add us as a customised section
  • If you use an RSS Reader then just add our feed to your app, click here for our news RSS feed