06-18-2016, 10:18 PM
Quote:Like any big event I'll bet the vendors make most of their money for the year from this one event. I believe that's the money Guth is speaking of. Like sturgis, I imagine it's a ghost town for about 51 weeks a year then for about 3 weeks the vendors are gorging themselves on the incoming cash flow.
Far from it. The IOM has a thriving year-round non-motorcyclist tourist trade. It is, politically and economically, independent from the UK. The U.K. takes care of defence and external relations. Offshore banking (I once had an IOM account), manufacturing and tourism make up the major part of its economy. It is not a ghost town outside of the TT. Interesting article from the Economist [url=http://www.economist.com/news/britain/21670042-reformed-tax-haven-looks-online-economy-cleaning-up]here. Comparison of IOM GDP growth with that of the U.K. says a lot.
Cheers
Far from it. The IOM has a thriving year-round non-motorcyclist tourist trade. It is, politically and economically, independent from the UK. The U.K. takes care of defence and external relations. Offshore banking (I once had an IOM account), manufacturing and tourism make up the major part of its economy. It is not a ghost town outside of the TT. Interesting article from the Economist [url=http://www.economist.com/news/britain/21670042-reformed-tax-haven-looks-online-economy-cleaning-up]here. Comparison of IOM GDP growth with that of the U.K. says a lot.
Cheers