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flag The Isle of Man's Chamber of Commerce warns a 9.9% minimum wage hike may cause economic crisis, job losses, and business closures.

flag The Isle of Man Chamber of Commerce warns a planned 9.9% minimum wage increase for April 2026 could trigger a national economic crisis, risking widespread job losses and business closures. flag Citing ongoing financial strain from inflation, rising costs, and wage compression, the chamber urges a pause, calling for the rise to be aligned with inflation instead. flag It recommends revising the wage-setting methodology, reinstating youth wage brackets, and supporting small businesses, stressing that the current path may harm low-paid workers by forcing employers to cut hours or staff.

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