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JERSEY could face higher interest rates on money borrowed to fund the new hospital, the Treasury Minister has said after the Island’s credit rating and economic outlook was downgraded.

TWO civil servants who spent almost £13,000 of taxpayers’ money on business-class flights to South Africa last month have said they will not comment on calls for them to publicly apologise.

AN immediate review of the States’ travel policy has been been launched after two senior civil servants spent almost £13,000 of taxpayers’ money on business class flights – and pressure is mounting on the pair to make a public apology.

A ‘SUGAR tax’ is good in principle but is unlikely to be introduced in Jersey for a number of years, the Treasury Minister has said.

A NEW tax on Islanders may have to be introduced if the existing Hospital is redeveloped or if delays in making a decision on a site cause costs to spiral, the Treasury Minister has warned.

JERSEY’S national credit rating and economic outlook have been downgraded but the Island is still considered to have a strong and stable economy.

A PANEL set up to oversee appeals against States planning decisions has cost £70,000 less to run in its first year than originally budgeted.

TREASURY Minister Alan Maclean has once again called on backbench politicians scrutinising plans for the Jersey International Finance Centre to work collaboratively with him.

ONE and a half million pounds from States contingencies is to be used to plug a shortfall in the Transport Department’s budget after an expected income source fell though.

PENSIONERS will have their income tax exemption threshold frozen next year following the approval of the 2016 budget in the States Assembly yesterday.