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JT boss nets bonus of £118,000

The six-figure bonus paid to chief executive Graeme Millar has angered a politician who says that the company’s executives should pay the price financially for failures when the billing system changed last year.

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‘Record low’ rate for States borrowing

The Island is raising the money by issuing a bond on the capital market for the first time. Many UK-based institutions wanted to lend the money and, as a result, the interest rate is lower than would have been the case if there had been fewer prospective lenders.

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