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Government cutting investment in industry

Mon, 09 Dec 2013

The Island’s business community is being warned that government can’t continue to finance the economy.

Government says it needs to reduce spending and won’t be able to invest as heavily; asserting that industry must become less reliant on public spending.

Despite difficult economic times, the Manx economy remains on course to grow by four per cent over the next year.

However, Chief Minister Allan Bell says it’s time to refocus priorities:

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Media

• Allan Bell