On-Air Now
Facebook

Conister boss comments on UK budget

Wed, 23 Jun 2010


The Managing Director of Conister Bank is cautiously optimistic following the UK's budget yesterday.

Simon Hull, who's in charge of the Island's only independent bank, highlights the UK as one of the Island's major trading partners, and says the economy of the Island will continue to present opportunities for well managed local businesses to grow.

He adds that the planned increase in VAT is an incentive for small and medium sized businesses to bring forward the purchase of businness assets such as vehicles, IT and machinery before the rise comes in to force.

The Treasury estimates that the Government will earn an extra £25million per year in VAT receipts due to the increased rate.


 

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