The Finance industry is good for Jersey as a major employer and contributor to the tax revenue. It would be prudent for Jerseys government to put in place a framework that would encourage other business to grow over time so we are not so reliant on just one industry.
Now Minister Senator Phillip Ozouf. As mentioned in post 26 above, is hard working and intelligent, but is facing a no confidence vote along with the other Ministers.
Latest news is the shop called Jersey Finance ( set up to showcase our expertise in finance and banking ) having voted £1,000,000 pounds they get from the public purse have also been given another £500,000 buy the taxpayer to fund employment of a new project manager £110,000 pounds per year, house car maybe? The rest of the money, about £390,000 goes to fund agents in China and India. Signed over by Senator Ozouf. To be fair one has to invest to reap the rewards. So what small percentage is the Jersey taxpayer contributing compared to the wealthy international banks and financial institutions working here holding £246 billion on deposit. According to the JEP and they may have got the figure wrong, Jersey taxpayer £1.5 million Financial institutions £410,000. Is spending this money in the best interest of the taxpayer?