Statement from Chamber re open letter to Treasury Minister | February 2024
29 February 2024
Isle of Man Chamber of Commerce sent an open letter to the Treasury Minister which expressed a vote of no confidence in the 2024 Budget.
Chamber’s Board decided to take this action following direct feedback from our members, and via a detailed post-Budget survey which produced a response rate over 40%.
In fact, concerns about the Budget and other sentiments expressed generally about Government’s overall economic and fiscal policies, were so strong that the Board felt it was necessary to raise matters directly with the Treasury Minister. Chamber has received a reply from the Minister, and we thank him for responding. However, we reiterate the call in the open letter for Ministers and Departments to act swiftly to regain the confidence of businesses.
As the Island’s biggest business network with members who provide jobs for around 22,000 employees, we remain committed to working with Government to ensure that their views are heard by decision makers.
See links below to read our open letter in full. There is also a link to the media statement about the Budget which Chamber issued last week, and data from Chamber’s post-Budget member survey.