JERSEY has “resilient” public finances and is well positioned to deal with economic volatility stemming from “current global uncertainties”, according to the Treasury Minister. Deputy Elaine Millar also sought to reassure Islanders that Jersey has “long-term reserves of a scale that very few jurisdictions can match”. Her comments come after US President Donald Trump’s tariff […]
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Debate on bringing back Senators to Chamber begins
STATES Members began a potentially lengthy debate on electoral reform yesterday afternoon. Treasury Minister Elaine Millar, acting in a private capacity, opened the debate on her proposition by describing the abolition of the Islandwide role of Senators ahead of the 2022 general election as “a mistake”. Deputy Millar’s proposition seeks to cut nine Deputy positions […]
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Minister defends move to fund spending with ‘windfall’ tax revenue
A “CHALLENGING economic environment” lay behind a decision to use revenue from a new global tax regime as a way of funding its spending, the Treasury Minister has said. Speaking during yesterday’s States sitting, Deputy Elaine Millar addressed the matter following a question from Deputy Jonathan Renouf, who pointed out that there had been a […]
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Minister – local firm likely to be main contractor for Fort project
THE regeneration project for Fort Regent will have a local company as the main contractor, the Treasury Minister has predicted. Deputy Elaine Millar faced questions in the States Assembly about the appointment by Jersey Development Company of London-based firm SpaceHub as the lead contractor for the exterior redevelopment work. As the government’s shareholder representative with […]
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Budget plans described as best option by Treasury Minister
PLANS to reduce the government’s annual grant to the Social Security Fund in order to tackle the Island’s financial deficit have been defended by the Treasury Minister. Appearing at a Scrutiny hearing about the proposed Budget for the next four years, Deputy Elaine Millar was adamant that cutting the contribution to the fund was the […]
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The new Budget battleground: Who will rein in public spending?
TENSIONS over Jersey’s escalating levels of public spending have reached boiling point, with the Treasury Minister warning that she has been stripped of the powers needed to keep costs under control, while a former Chief Minister is demanding £89m in cuts because the Island is “struggling to deliver and balance the books”. Deputy Kristina Moore […]
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Mortgage tax relief unlikely to be retained despite public pressure
RETAINING mortgage interest tax relief would make “a very small amount of difference”, the Treasury Minister has said – amid growing calls for the tax break to continue beyond next year. Deputy Elaine Millar made the comments during a hearing with the Common Strategic Policy Review Panel. Panel member Deputy Louise Doublet asked whether the […]
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Research on minimum income standards to be carried out
RESEARCH to identify minimum income standards for Jersey households to live comfortable is being commissioned following a decision by a ministerial group, according to the Treasury Minister. Deputy Elaine Millar said that the research was expected to be complete by next summer. The Cost of Living Ministerial Group was established last year, replacing a similar […]
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Urgent action needed on “unsustainable” spending
A REPORT raising concerns over the sustainability of government finances have prompted a leading scrutineer’s call for a “clear and realistic plan” to address the matter, while the government has defended its Budget plans and said there are “no surprises” in the report. Record levels of public debt, a deteriorating balance sheet and unsustainable spending […]
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“Significant and legitimate” questions remain over monitoring of Blue Islands loan
“SIGNIFICANT and legitimate” questions remain over how closely the government monitored the performance of Blue Islands in relation to a multimillion-pound loan provided during the pandemic, a senior scrutineer has argued. Deputy Jonathan Renouf made the comments after Treasury Minister Elaine Millar gave a statement in the States Assembly yesterday outlining the financial support provided […]
