Jersey Finance role questioned

Wednesday 18th June 2008, 3:00PM BST.

A SCRUTINY panel report has questioned whether Jersey Finance Limited has had undue influence over issues of public interest.

As reported last week, Economic Development Minister Philip Ozouf has agreed to give the organisation an extra £505,000, on top of the £1 million already granted for 2008.

But the Economic Affairs Scrutiny panel, chaired by Deputy Geoff Southern (pictured), is recommending that the partnership agreement set out in 2000 should be reviewed to make sure that taxpayers are getting value for money.

It also suggests that the technical function of Jersey Finance – which oversees consultation on new legislation and acts as a bridge between the finance industry and the States – should be separated from the promotional work which Jersey Finance carries out.

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