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THE potential cost of borrowing to help pay for the new hospital should be lower than when a bond was issued two years ago to fund £250 million worth of improvements to social housing, the Treasury Minister has said.

MORE than £1 million has been spent funding voluntary redundancies in the Health Department alone since last year, figures show.

THE development of the Jersey International Finance Centre would not delay the building of a new hospital at the Waterfront, the Treasury Minister says.

A CIVIL servant who has faced fierce criticism after spending nearly £6,500 of taxpayers’ money on a return business class flight to South Africa has apologised to senior politicians for ‘an error of judgment’.

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.