In his second Budget speech as Treasury Minister, Jersey’s ‘chancellor’ says that the continued growth across the economy has been achieved with little inflation, and that the Island is set for a prosperous future.
And he says that if Members maintain their discipline – apparently ruling out an extra 3% for public-sector pay next year – there is no reason why GST cannot be frozen until 2015.
In his speech introducing the £570m Budget – the first to break the ?100m barrier in indirect taxes like duty and GST – Senator Le Sueur said: ‘This has been a very significant year, possibly a year that will be looked at in years to come as something of a landmark with the final decisions to introduce a goods and service tax and broadening our tax base.
‘I would like to thank States Members, who quite properly in our democratic process have the final say and took the brave decisions to put in place the measures that we brought before this House, and who showed that they, too, believe they are the right measures for the future of this Island.’
Click here for the full text of the budget speech
