No evidence of a recession exists in Jersey

[Pomme de terre]

'No evidence of a recession exists in Jersey'
Despite hundreds of workers in Jersey losing their jobs, St Saviour Deputy Tracy Vallois says 'No evidence of a recession exists in the island'.

The Deputy made her announcement today during the debate about the public sector pay freeze.

Deputy Vallois says she's been presented with no evidence to confirm the global recession is having any effect locally.

But Treasury Minister, Senator Philip Ozouf says Jersey is in recession.

He says the island's suffering from the highest unemployment numbers, the lowest vacancy rates, compounded with plunging income tax revenue and looming deficits. Clear indicators according to Senator Ozouf that Jersey is in-fact in recession.

http://www.channelonline.tv/channelonline_jerseynews/DisplayArticle.asp?ID=457833

For once, I agree with Phil Ozouf.

Tracey - all those people I know who have experienced redundancy for the first time in almost 20 years, all those CVs that pass over my desk wanting work, they must be imaginary, right? The evidence is real, in the private sector.

[rico sorda]

hey pomme..

I could be wrong here but what i thought tracey ment was that the council of ministers didnt bother producing any evidence to back up their claims of a pay freeze, they had no information during the debate...

Cheers for the beer dude..

rs

[Xenth]

http://www.channelonline.tv/channelonline_jerseynews/DisplayArticle.asp?ID=457833

For once, I agree with Phil Ozouf.

Tracey - all those people I know who have experienced redundancy for the first time in almost 20 years, all those CVs that pass over my desk wanting work, they must be imaginary, right? The evidence is real, in the private sector.

Cant wait for the Hansard report on this one CTV are gonna have to beg for this one lmao, listened to the whole debate and didn't hear her say anything of the sort, like Rico says she referred to the fact that they don't have sufficient information and after watching CTV tonight with another investigative spin they actually started with a report confirming they don't report often enough to claim an "official" recession quite funny really and a law suit waiting to happen.
And Pomme are you saying that having people applying for jobs en mass is a new thing??

[Fritz]

Certainly no recession in the states chamber when all they are concerned about is whether they should pay for their own sarnies.

Good Grief.

[Ruddler]

I thought TV had a real off day on this one, easily the worst contribution I've heard her make since being elected.  Shrill and finger wagging doesn't amount to reasoned debate "the CoM hasn't given me any evidence etc, etc."  Really, why not do a bit of research of your own, like talking to people outside the States Assembly clique she appears to have been quickly subsumed into?  Not sure it was for the CoM to prove the Belle of Bonne Nuit's propostion for her either.

Thought TV'd managed to get out from under Alan "that's good and healthy" Breckon and the other brain-dead no-hopers (come on you know who they are!).  I'd like to think she's a work in progress as of the new intake she and Ian LeM are quite the pick of the bunch from both sides of the divide.

All IMHO!

[Dundee]

It's all okay Ray Shead of the chamber of bull on the radio this evening says that things are on the turn in the UK which is showing positive signs and Jersey should follow in about 6 months, just need to keep an eye on things.

So another "barbecue summer" me thinks.

[ole razzy]

In his defence Ray does do a wicked bbq though!

[Dundee]

In his defence Ray does do a wicked bbq though!

He certainly knows where to source good food also - off the back of a boat?

[Pomme de terre]

I just played Bullsh*t Bingo, and well blow me down if I didn't shout "bingo!"

http://www.channelonline.tv/channelonline/DisplayArticle.asp?ID=458184

Rico - always a pleasure dude. Oh, and thanks for taking the p*** out of my hair and clothes...  

Xenth - what I'm saying is that I see plenty of local CVs where the last job says "made redundant". From "middle Jersey" roles.

[rico sorda]

lol pomme i only joined in because your mates started it and razzy gave it the green light lol always a pleasure

rs

[man in the street]

on a personal note, working for a small company(construction related),employing 7 staff full time, i have found this year like treacle, if we had not won the contract we had, we would be scratching around for sure.
  i feel that there is light at the end of the tunnel, but next year could bog down also.

i believe that we are not out the woods by a long chalk.
plus the people from various finance house that have reshuffled or pulled the plug and shipped out.
things are good for some and not for others.
mind you the price of scrap copper has gone up, from a very low point to about midway to the giddy height before the tumble,so something must be driving the demand again.

[Dylan]

Yeah, the scousers have been robbin big bro! That's what's pushed the price of copper up!

[danrok]

mind you the price of scrap copper has gone up, from a very low point to about midway to the giddy height before the tumble,so something must be driving the demand again.

If the price drops too low, they just cut back on mining, so as to drive the price back up.  The word scam comes to mind.

[boatyboy]

On the ITV and BBC English news they both ran the same story that England is not out of recession. In fact its the longest on record. The banks are starting to fund more morgages and 90% deals but the terms are tougher and they go way deeper into the customers financial spending habits.


In relation to Jersey, the word on the street, well thats all hearsay, so I shall not quote, but dear oh dear Jersey Steel loosing contracts to a welsh steel company even though they have to freight in the steel, workers accomodation and travel costs. This is exactly what housing did at Hue court. No problem Jersey is floating high, but more tax on earnings lost.

The real issue is how much the Tax department take for 2009. The States have spend an increased wopping 4.5% more this year under the leadership of CM Le Suer. Would you really put some of these people ( politicians ) in charge of your own house ( business ) finances ?

BB.

[imacrappaud]

Strange how dandara are doing so well that they are putting pressure on staff to build quick (so i heard on the grapevine) and are on Jersey Radio advertising properties with a guaranteed 5% return on investment. There may be no recession but there are plenty of people who cant afford to buy a place due to companies like dandara ridiculing us for there own gain.

For example, rich guy comes to Jersey, sees castle quay and can afford to buy and says i will have ten because dandara have guaranteed the ROI for a few years. Young Jersey couple come allong to buy a flat or house but they cant afford one because rich Walker who has bought ten of them wont let them go because he is getting 5% risk free on each property. Now that story is true ask dandara. And this is why there is supposedly no recession in Jersey because if you are rich enough you can still earn a great return on your investment 5% practically risk free is a bargain. If you ask pensioners who have saved up all their lives and are now getting zero interest on their savings then you will find there is a recession going on but hey ho who gives a feck aslong as the likes of dandara are raking it in.