Posted inNews, Top Stories

Government ‘too lax with purse strings’ in the past

THE previous government was ‘too lax with the purse strings’ and promised efficiencies were ‘not appropriately delivered’, the Treasury Minister has said. Deputy Ian Gorst – who served as External Relations Minister in the previous administration – also reiterated his stance that the Island should not be preparing to borrow huge sums, which could potentially […]

Posted inNews, Top Stories

Chief Minister in U-turn as Deputy quits finance role

THE Chief Minister was this morning due to face questions as to why External Relations Minister Philip Ozouf has stepped down from his political responsibility for the financial services industry – just five days after she publicly backed him. Deputy Ozouf resigned as minister with responsibility for the sector after being summonsed to attend the […]

Posted inNews

“Not in the business of borrowing”

THE government is “not in the business of borrowing more than [it] absolutely has to”, the Treasury Minister has said – despite plans to increase the Island’s debt to record levels in the proposed Budget. Deputy Elaine Miller told the States Assembly that the Council of Ministers “would rather not” borrow, but if they decide […]

Gift this article