Fiscal Policy Panel members Christopher Allsopp, Marian Bell, and Joly Dixon
HOW long Jersey is likely to remain in a recession is expected to be revealed tomorrow by a group of independent economists.
A report by the Fiscal Policy Panel is due to be published, setting out where Jersey is in the economic cycle.
It is also likely to give a verdict on the way that the £44m economic stimulus fund has been used.
The panel of independent expert economists was set up to give advice to the Treasury Minister and to the States Assembly about the economy and economic policy.
It was set up last year, and most of its reports have been dominated by the recession and the efforts made by the Council of Ministers and the States to deal with it.
The three members of the panel are: Joly Dixon CMG (Chairman), Christopher Allsopp CBE and Marian Bell CBE.
Article posted on 10th November, 2009 - 2.59pm
7 Article Comments
I see that Lloyds has announced a further 5,000 redundancies today and that 550 of those are offshore positions
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very good question, many will want to know, and plan accordingly.
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Judging by the recent and proposed future budgets, let/s start the betting at 2013 any advance???
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The letter, written by Richard Murphy and Markus Meinzer of Tax Justice Network, in today’s issue of the “JEP” is definitely worth reading.
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What is the state of the economy?
Answer BAD
Now where is my money for this independent, concise report?
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So these three sages will determine when Jersey will come out of recession. I assume they will be paid.
Here is my free forecast:
The stimulus package did nothing.
Jersey will like most economies will show some minor gains and losses for the next year before any substantive growth in Q4 in 2010.
Can I have 250k now please?
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The Fiscal policy committee certainly call a “spade a spade”. So can a 5 year old, but we don’t give them over £200,000 to do so. So can Senator Ozouf practice the basic good housekeeping that he preaches and stop spending money to get such self-evident advice.
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