Cannan told Tynwald meetings of the National Economic Strategy Board would now be held weekly rather than monthly to monitor the “rapidly” evolving situation and ensure any potential economic, social and security impacts were considered in a coordinated way.<\/p>\n
The chief minister said as well as Manx Utilities, it was also in contact with the Islands Energy Group \u2013 the parent group of the island’s privately-owned monopoly gas provider, Isle of Man Energy \u2013 to see whether there would be any cost variables coming forward.<\/p>\n
“We also understand that they have made quite significant forward purchases to lock in the price of gas at the pre-war pricing,” he said.<\/p>\n
Cannan told Tynwald while it was “too early for me to give firm direction” on whether support would be needed this time round, it was “clear already that our concern will be for the most vulnerable in our society”.<\/p>\n
There were “mechanisms through the winter fuel payments to identify where any support may need to be directed”, he explained.<\/p>\n
However, Cannan said \u2013 given the current uncertainties – the government should “not be forced into any short-term decisions or knee-jerk reactions until we can actually see a clearer picture in as much as that is possible”.<\/p>\n
The government would “continue to act calmly, prudently, and in the best interests of the people of the Isle of Man”, he added.<\/p>\n","protected":false},"excerpt":{"rendered":"Cannan told Tynwald meetings of the National Economic Strategy Board would now be held weekly rather than monthly…\n","protected":false},"author":2,"featured_media":483165,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-483164","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/483164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=483164"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/483164\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/483165"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=483164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=483164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=483164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}