Earlier today, the Isle of Man Government revealed its latest unemployment figures, showing that the unemployment rate in the Isle of Man was 5% in the month of July according to the standard methodology used internationally. Last week, the United Kingdom’s Office of National Statistics published their equivalent report which found that the UK unemployment rate was 3.9% from April to June.
With unemployment at 5% in IOM, and 3.9% in the UK, and further risks of increased unemployment, we need a renewed focus on securing jobs on our island. That’s why our manifesto for Douglas South is focused squarely on securing jobs for people on our island.
This is why we have a clear plan to:
Build local infrastructure
This is the perfect time to invest in improving our roads, cycle tracks and broadband access. Not only will we directly employ workers on building our island, but we will create valuable assets for our community. This will lead to a long-term multiplier effect in our economy.
Ease the squeeze on family budgets
The cost of living is too high, with family budgets under pressure. We need to reduce the cost of living especially with jobs at risk. Reducing the cost of heating fuel through a new Manx Gas agreement will keep more money in the pockets of Manx families, allowing them to spend locally with local business
Develop central Douglas
Development should start on areas like the Lord St car park and Douglas Quay to create jobs. This will enhance our town, creating new services and opportunities for residents.