Friday, October 30, 2026
14.5 C
New York

Cost of living on many minds ahead of Manx election


Residents, businesses, and charities say they are feeling the pinch of rising costs, with many describing the economy as a key priority ahead of the Isle of Man general election.

Several independent shops in Ramsey said custom was down and running costs had become harder to manage, while the island’s foodbank said demand for support had doubled in two years.

The Isle of Man Chamber of Commerce warned the Island faced “a very hard five years” ahead, citing a shrinking tax base and the recent loss of many high‑earning jobs.

Candidates have been urged to explain how they will fund their plans, support businesses, and reduce the pressures on working families.

Residents in Douglas said rising prices were affecting everyday life, with several describing the cost of living as their biggest concern ahead of the election.

Sharon Cox, from Douglas, said life was “not affordable.. especially for older people and vulnerable people”.

Prices were rising “not just by pennies”, but by “25 or 30 pence” each time she visited the shops, she added.



Source link

Hot this week

Fed Holds Rates Steady Despite ‘Elevated’ Inflation

Oct. 28, 2026, 3:34 p.m. ETThere is an...

Frances Tiafoe supports young tennis players’ careers while still building his own

Frances Tiafoe may still be waiting for his...

AI Bubble Burst: Confirmed By Alphabet, Caterpillar, ServiceNow, And Amazon

AI Bubble Burst: Confirmed By Alphabet, Caterpillar, ServiceNow,...

Henry Dannell Opens DIFC Office to Serve Cross-Border HNW Clients

Henry Dannell, a UK-based specialist cross-border credit adviser,...

Latest Post

Fed Holds Rates Steady Despite ‘Elevated’ Inflation

Oct. 28, 2026, 3:34 p.m. ETThere is an...

Yorkshire Water chief Nicola Shaw resigns after firm downgraded

Yorkshire Water's chief executive has announced she is...

AI Bubble Burst: Confirmed By Alphabet, Caterpillar, ServiceNow, And Amazon

AI Bubble Burst: Confirmed By Alphabet, Caterpillar, ServiceNow,...

Henry Dannell Opens DIFC Office to Serve Cross-Border HNW Clients

Henry Dannell, a UK-based specialist cross-border credit adviser,...

Josh Brown’s Best Stocks in the Market: Insmed

Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's...
Demo

Related Articles

Popular Categories

Demo