Opportunities could follow 'Brexit' say business sector

Wednesday, 29 June 2016 00:00

The Island's business sector says there are opportunities to be had following the UK's exit from the EU.

Last week's decision to leave has sparked wide-spread confusion and panic about potential scenarios - discussions have now started about the impact it will have on the Isle of Man.

The e-Gaming sector here could benefit as companies currently based in Gibraltar may be looking to relocate to a more attractive jurisdiction.

Chief executive of Boston Group Alex Fray says potential changes to VAT could help the yachting and aviation sectors too but the Island will have to adapt:

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