In some respects, the most surprising aspect to this week’s reaffirmation of the island’s commitment to the financial services industry, was that it was needed at all – as was pointed out, it is a sector which contributes £3 billion to the local economy, provides 14,000 jobs, and generates 40% of tax revenues. But clearly it […]
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Jersey ‘well placed’ to deal with global economic volatility caused by Trump tariffs
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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Jersey ‘carefully considering’ potential impact of Trump tariffs
THE potential impact of new US tariffs is being “carefully considered”, according to Jersey’s External Relations Minister – amid global concerns that a trade war could trigger economic instability. Deputy Ian Gorst said that the government would “monitor the situation over the coming weeks”. US President Donald Trump’s recently-announced tariffs will affect dozens of nations […]
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“I think we all agree that what is currently happening is appalling”
JERSEY will continue to “support the UK” in its response to the “appalling atrocities” in Gaza, the External Relations Minister has said, when asked whether the Island is considering imposing sanctions against Israel. Deputy Ian Gorst discussed the matter during a hearing of the Economic and International Affairs Scrutiny Panel. Chair of the Panel, Deputy […]
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Minister faces questions over “special attention” move for Jersey Airport
A SENIOR minister faced a series of awkward questions about Jersey Airport from backbench politicians in the States Assembly yesterday. The grilling of External Relations Minister Ian Gorst followed the revelation that the airport had been placed under “special attention” by the director of civil aviation as a result of concerns over a restructuring process. […]
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The future’s finance
IF today is the ‘time to win’, as we are told by the title of the new strategy to restore a competitive edge to the financial services sector, it really does beg the question as to what was yesterday? Based on the accompanying report, the answer seems to be that yesterday was the ‘time to […]
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External Relations Minister Ian Gorst announces plan to run as Senator
EXCLUSIVE EXTERNAL Relations Minister Ian Gorst will be standing for Senator in June’s election, if the Islandwide mandate returns, the JEP can reveal. The role was scrapped for the last election but States Members voted for its return last March, when the Assembly decided to replace a deputy in each of the nine voting districts […]
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“No risk” of operations being suspended at Jersey Airport
JERSEY Airport faces “no risk” of operations being suspended despite being placed under “special attention” by safety experts earlier this year, the External Relations Minister has said. In a response to a written question, Deputy Ian Gorst explained the escalated status represented the lowest level of an “escalation procedure”. Jersey Airport was placed under “special […]
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Minister sets out moves to maintain Island’s competitive edge in finance
A MAJOR strategy designed to protect the Island’s finance sector – worth an estimated £3 billion to the local economy – has been unveiled by the government. Details of the moves to give businesses more reasons to choose the Island as a base from which to do business were shared yesterday by External Relations Minister […]
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Charities set to benefit from dormant account funding
CHARITIES are being invited to apply for grants from a fund established with money from dormant bank accounts. The Jersey Reclaim Fund was established in 2017 using funds from accounts where there had been no account with the customer for at least 15 years. In October 2024, the government confirmed that it would make a […]
