Third overseas office likely
Saturday 27th February 2010, 3:01PM GMT.
Economic Development Minister Alan Maclean.
A THIRD overseas office for Jersey Finance is one of a number of measures likely to result from a £2.5 million States funding boost for the finance industry.
Taxpayers’ money is to be invested to ‘protect and develop’ the Island’s premier industry.
The funding from the £44 million fiscal stimulus package will be aimed at protecting jobs in both the industry and the wider economy.
Treasury Minister Philip Ozouf and his Economic Development counterpart Alan Maclean jointly announced the package this week.
About £1.5 million will go to the Chief Minister’s department, with Economic Development getting about £800,000.
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The 11th Great Garden Bird Watch took place over the weekend, Saturday 4 and Sunday 5 February. JEP readers were asked to get on board to help monitor bird life in the Island.
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This is excellent news. Finance is the only direction Jersey can go now and I fully support Alan McClean for his enthusiasm in this move. It is a shame we don’t have more people like him in the States.
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Sorry but are Ozouf and Maclean printing their own money or using ours for these hair brained schemes.!On what planet do these guys live on when their own island and its health and social problems are in need of funding.
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@cookiecrumble
Health, social services and Social Security consume £250m of the £500m annual tax take. How much more of the pie do you think they need and what departments and services would you cut to give it to them? Education? That’s the next biggest spender at £80m. Or you could raise the income tax rate or GST (hint – not popular with the voters).
How about trying trying to drum up new business in new markets and create additional tax as result? Come to think of it that’s just what this initiative is about DOH!
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Meanwhile in the public sector, pay freezes are being imposed, negotiating rights are being withdrawn and strikes are imminent.
But who cares? So long as Finance are kept happy, the rest can go swivel…
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@Mick
Since ‘Finance’ and the 14,000 Jersey people it employs contributes the largest share of tax that pays public sector salaries, it seems strange that you don’t recognise the link! What’s good for Finance is ultimately good for the rest of us.
Pay freezes have been a way of life in the private sector for the past two years, are you saying that public sector employees didn’t realise that we are in the deepest recession in living memory or just that they thought it didn’t apply to them?
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