Customers have reacted with sadness online.
The announcement has been met with an outpouring of sadness from customers on Facebook.
All £17 million will be directed towards socially responsible purposes as part of a regulatory settlement.
Ministers will meet again next week.
The International labour organisation estimates that there are 747 people current unemployed.
Jean-jee red ennagh.
Jean-jee red ennagh!
Payments totalling £2.8m are to be made this autumn to cushion those most vulnerable.
The gov has committed to ensuring that the island's minimum wage should rise to meet the living wage by 2025.
HOW IS IT ONLY WEDNESDAY!
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