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New-build homes can no longer be bought by a firm

NEWLY-BUILT residential properties can no longer be bought through share transfer without permission, the Deputy Chief Minister has ordered. Senator Lyndon Farnham approved the move as part of a ministerial decision. It forms part of the government’s Creating Better Homes Action Plan. Jersey’s share-transfer mechanism was set up decades ago to circumvent shortcomings in the […]

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Jersey's cost of living rises 6%

JERSEY’S cost of living rose by 6% in the 12 months to March this year, the largest increase since the 2008 credit crunch. Figures for the previous period ending in December showed an increase of 3.8% but the latest rise of 2.2 percentage points pushes the annual rise to 6%, only 0.4% below 2008’s third-quarter […]

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Four-day week idea a ‘fantasy’

THE idea that Jersey could introduce a four-day working week is ‘fantasy’ because of the staff shortages and population pressures, according to a business leader. Earlier this month it was announced that 3,000 workers across 60 companies in the UK would be taking part in a trial between June and December during which they would […]

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Vetting for super-rich is under ‘constant review’

THE vetting process for super-rich immigrants coming to Jersey remains under constant review, the Deputy Chief Minister has said in the wake of global concerns over Russian oligarchs and where their money is held. Senator Lyndon Farnham defended the system for screening high-net-worth individuals after Jersey was thrust into the spotlight for its billion-pound links […]

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