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Government is monitoring ‘nascent’ cannabis industry

THE Island’s fledgling cannabis industry is yet to generate substantial tax revenue due to “high upfront costs”, the Treasury Minister has said. Deputy Elaine Millar outlined the challenges faced by the new and developing cannabis sector and defended the current tax framework in response to questions from Deputy Philip Ozouf in the Chamber this week. […]

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Jersey's politicians approve 2025 Budget

THE government’s £1.3 billion spending plans for next year have been approved following a four-day debate. Members voted 31 for and 13 against Chief Minister Lyndon Farnham’s ambitious Budget – which was this year rebranded from the ‘Government Plan’. In her opening speech on Tuesday, Treasury Minister Elaine Millar described the Budget as a “funded […]

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Fresh attempt to bring back Senators launched

A MINISTER has launched a fresh bid to bring Senators back to the States Assembly, arguing that the return of the Islandwide mandate would counter a sense of “strong disenfranchisement” felt by many voters. Treasury Minister Elaine Millar wants politicians to scrap the current make-up of the States Assembly three years after it was introduced […]

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Buy-to-let investors own more properties in JDC’s Horizon development than first-time buyers

NEW figures have revealed that buy-to-let investors purchased more properties than first-time buyers at the Jersey Development Company’s Waterfront “Horizon” development.  Treasury Minister Elaine Millar confirmed that 129 of the 276 homes sold so far have been purchased by buy-to-let investors, while 89 were sold to first-time buyers.  She provided the figures in response to […]

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Lower excise duty put in place for ‘green’ buses

NEW “greener” buses set to be introduced by LibertyBus will qualify for a reduced rate of Vehicle Emission Duty, the Treasury Minister has confirmed. In a ministerial decision published this week, Deputy Elaine Millar said duty relief would be available immediately for the fleet of new buses set to be imported before the end of […]

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Steeper duty rises for alcohol on the horizon?

DUTY on alcohol may be increased at a steeper rate after the current cost-of-living pressures have eased, the Treasury Minister has indicated. Deputy Elaine Millar told a Scrutiny hearing that years of freezes or below-inflationary rises in alcohol duty represented a “temporary measure” to reflect economic challenges experienced by many businesses and individuals. The minister […]

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