ON the day that ministers meet for crunch talks on a rescue package for Islanders struggling with rising prices, it has been claimed that GST might make £10m a year more than expected.
A leaked ministerial memo says that annual GST takings might be £50–55m rather than the £45m forecast.
The memo says that the Treasury’s figures do not take account of Jersey’s economic growth since 2004, and that ministers face defeat if they continue to fight moves to exempt food from the three per cent sales tax.
Treasury Minister Terry Le Sueur says the GST receipts are likely to be higher than first expected, but has declined to say by how much.
Pictured: The Council of Ministers, who were meeting on Thursday to discuss GST on food
