Pay day loans and tax cap questions in Keys

Tynwald buildings, Douglas

Tynwald buildings, Douglas

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Questions about the tax cap, legal highs and pay day loans will be raised in today’s sitting of the House of Keys.

Chris Thomas (Douglas West) will quiz Treasury Minister Eddie Tear over the wealth and income of those elect to take the tax cap.

Peter Karran (Lib Van, Onchan) will ask Mr Teare what plans he has to protect consumers against pay day loans.

He will also quiz Home Affairs Minister Juan Watterson over whether action will be taken over legal highs.

But questions over the pension reform dominate. Liberal leader Kate Beecroft (Douglas South) will ask Minister for Policy and Reform Chris Robertshaw whether the integration of the state and public service pensions is under consideration.

Douglas North MHK John Houghton will ask the Treasury Minister Eddie Teare how much was paid to consultants Ci65 for their report into the sustainability of the National Insurance Fund.

Ci65’s report says the NI Fund, from which the state pension is paid, will be exhausted by 2047 unless there is radical reform. It recommends increasing the retirement age in phases so that someone born today would have to work until they are 74.

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