RAISING the amount customers could claim back if a local bank collapsed risks creating bad “optics” by sending large sums to wealthy depositors outside Jersey, the Treasury Minister has warned. Deputy Elaine Millar told a Scrutiny panel reviewing the Island’s £50,000 deposit compensation scheme limit that, while the scheme rightly covers customers wherever they live, […]
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Treasury Minister committed to getting Blue Islands Covid loan paid back ‘in full’
THE Treasury Minister has said she is committed to “ensuring” an £8.5 million loan given to Blue Islands during the pandemic is paid back in full. Deputy Elaine Millar said she wanted to “reassure” politicians and the public that the government was carrying out “appropriate oversight” of the airline. Blue Islands recently had to reduce […]
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Plans for boost to Government’s ‘rainy day’ fund scrapped but covid debt paid off
THE ISLAND’S emergency reserves will not be getting a funding boost, it has emerged, due to limited funds and government debt. In a Scrutiny hearing on Friday, Minister of Treasury and Resources Deputy Elaine Millar explained that previous plans for the transfer of £25 million from central coffers to the Island’s Stabilisation Fund – one […]
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Ministers welcome high-revenue-company tax that will add millions to government income
MINISTERS have welcomed the introduction of new corporate tax rules from next year which they say maintain Jersey’s reputation as “a forward-thinking jurisdiction”. States Members voted unanimously this week to introduce the 15% tax rate on companies in Jersey with global revenues of more than 750 million euros in a move which will boost States […]
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Government takes ‘precautionary measures’ to help Beaulieu after school’s financial losses
THE government has had to step in to take “precautionary measures” to ensure Beaulieu Convent School would be in a position to continue operating “should the school face financial disruption”, after it emerged that the school suffered an operating loss in both 2022 and 2023. The school’s latest financial statements for the year ending August […]
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Ministers consider new tax on vapes
MINISTERS are “actively considering” a new tax on vapes after the UK government announced a levy on the products as part of plans to usher in a “smoke-free generation”. Yesterday in the States Assembly, Treasury Minister Elaine Millar revealed that the UK’s decision provided “guidance” for Jersey to follow. During his recent budget speech, Chancellor […]
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Commissioner rules no misconduct after government bullying complaint
A COMPLAINT against the States Employment Board and senior ministers from a former government worker who alleged that they were bullied and asked to resign “without warning” has been rejected, following a conduct investigation beset by lengthy legal delays. The grievance was formally lodged with Commissioner for Standards Dr Melissa McCullough in March 2024 and […]
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States Members vote to retain right for couples to file joint tax returns
MARRIED people, and those in civil partnerships, will retain the right to file a joint tax return when legislation governing independent taxation comes into force in 2026. The new law was passed by politicians in the States Assembly yesterday, with Members rejecting an amendment lodged by Deputy Louise Doublet calling for the removal of the […]
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Andium Homes borrowing expected to surpass £500m by end of year
THE Island’s social-housing provider is expected to see its borrowing surpass half-a-billion pounds by the end of this year, according to figures released by the Treasury Minister. Deputy Elaine Millar released the figures in response to a written question from Deputy Max Andrews and confirmed that Andium Homes ended 2025 with £486.9 million of outstanding […]
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Assembly gets ready for penultimate sitting of 2025
ESTABLISHING “no fault” divorces, a proposed review of the code of conduct for politicians, changes to Social Security benefits and the minimum size for one of the Island’s most popular shellfish are among the topics on the agenda when the States Assembly convenes this week. Home Affairs Minister Mary Le Hegarat will put forward a […]
