The public consultation will run between 9 January and 20 February and responses should be submitted to the chief secretary's office.

BBC: Isle of Man electoral areas to change

All responses should be submitted to the chief secretary's office.

BBC: Isle of Man electoral boundary review deadline approaches

Chief Secretary to the Treasury Danny Alexander and Cabinet Office Minister Francis Maude have written to all government departments asking them to review their bonus structures.

BBC: Bonuses in public sector under review

Obama also was quick to announce his economic team, which in addition to Richardson includes Timothy Geithner as treasury secretary, Larry Summers as chief of the National Economic Council and Peter Orszag as director of the Office of Management and Budget.

CNN: Obama still must fill key positions, possibly with Republicans

Key members of Obama's economic team include New York Federal Reserve President Tim Geithner as treasury secretary, former Treasury Secretary Larry Summers as chief of the National Economic Council, and Peter Orszag as his nominee for director of the Office of Management and Budget.

CNN: Obama nominates Richardson for Cabinet