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    Government looks to UK benefit system

    Eddie Teare MHK

    Government is looking to the UK benefit model as it plans to make the system more sustainable.

    With people living for much longer the National Insurance fund will have collapsed by 2050 if current forecasts are to be believed.

    A number of alternatives are currently being explored.

    Treasury Minister Eddie Teare outlines the benefits of the UK’s system for the Isle of Man:

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