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    IoM businesses express concern over rising costs

    Image: Sky News

    Inflation and rising energy costs are the main concerns for local businesses.

    That's according to a recent survey by the Isle of Man Chamber of Commerce. 

    More than 90% of those surveyed said inflation is their major worry, with other concerns such as interest rates, taxation and competitor businesses also being expressed.

    Rising energy costs are a worry for 89% of those who took part, with 83% also concerned about labour costs.

    A total of 103 members contributed to the survey.

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