18th February

18th February
Time to catch up with some constituency work in the morning. Then to Tynwald for a Department of Economic Department (DED) briefing on Financial and Professional Services.This was a comprehensive brief on the economy as a whole as well as the great efforts we are going to ensuring we comply with regulation worldwide standards in disclosure etc as the way matters are moving countries that don’t comply will simply be locked out of international markets.

The good news is that overall the number of employed is up and the trajectory is predicted to continue that way provided we make the right decisions with regard to future regulation. The recent easing of work permit requirement in the ICT sector will assist in this respect.

A later meeting with a rep of Christian Aid proved useful and informative particularly with regard to our contribution to foreign aid.