26 July 2026
PO Box 986 Douglas Isle of Man IM99 2TB
Isle of Man News Politics

Treasury Minister Resigns

Dr Alex Allinson has been told to resign from his role as Treasury Minister. 

This morning, Dr Alex Allinson stepped down from his role as Treasury Minister.

Dr Allinson’s resignation follows on from months of private sector anger at a 9.9% increase in minimum wage. 

As Treasury Minister, Dr Alex Allinson faced controversy over tax and funding decisions, including proposals to raise income tax and introduce new levies to support public services.

Funding Issues

His handling of healthcare funding pressures and public-sector overspends drew criticism in Tynwald over transparency and long-term sustainability.

Business groups also pushed back against cost increases linked to wage and fiscal policy, warning of impacts on competitiveness.

Together, the disputes contributed to political tension within government and public backlash over economic direction.

Manx.News will have more to follow.

Charlie Morrey is a Broadcast & Multi Media Journalist for Manx.News and also is a Presenter on Energy FM. Charlie has previously written for Isle of Man Newspapers, magazines and also started her broadcasting career with Manx Radio.

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