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Removing GST from food would 'leave a hole' in Jersey's finances and 'would not be introduced quickly enough' to help with cost-of-living crisis

REMOVING GST from food would ‘leave a hole’ in the Island’s budgets and would not be delivered quickly enough to help Islanders with the current cost-of-living crisis, the Treasury Minister has warned. Deputy Ian Gorst said that expected government income – including from GST receipts – had been taken into account when formulating the recent […]

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Islanders ‘may need more financial help’ as volatility worsens, Jersey's Treasury Minister says

FURTHER measures to help Islanders get through a deepening cost-of-living crisis may be required once the fallout of ongoing global economic uncertainty becomes clearer, the Treasury Minister has said. Deputy Ian Gorst said that ‘helping Islanders with budget pressures’ would remain a focus for the Council of Ministers as it moves towards delivering its first […]

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Pension complaint saga ends with new valuation

A LONG-STANDING complaint made by a retired firefighter left out of pocket when his pension entitlement was undervalued has been resolved with a new valuation. The States Complaints Board issued a damning report last year into the government’s handling of the complaint by Stuart Newman, describing his treatment as ‘unfair and unlawful’ and saying that […]

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Deputy Moore at British-Irish summit

CHIEF Minister-designate Kristina Moore has said she is looking to ‘further strengthen Jersey’s relationships’ with other parts of the British Isles following her first official engagement since being elected to the top job. Deputy Moore was part of Jersey’s delegation at the British-Irish Council summit in Guernsey alongside outgoing Chief Minister John Le Fondré and […]

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Plans to increase tax for super-rich residents

NEW super-rich residents will pay at least £250,000 a year in income tax, if proposals lodged by the Treasury Minister are approved by the States. Treasury Minister Ian Gorst has tabled proposals to increase the minimum tax payable by new 2(1)(e) residents under the High Value Residency Scheme. Previously, to be eligible for so-called high-value […]

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Horizon buyers given extra time to pay increased duty

ISLANDERS who have purchased secondary properties within a delayed Waterfront development and are struggling to meet stamp-duty hikes totalling thousands of pounds are being given extra time to pay the increased tax, the Treasury Minister has confirmed. Deputy Ian Gorst yesterday sought to address concerns raised by buyers of some of the flats in the […]

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