The economic measures imposed on Russia following the invasion of Ukraine last month are already the largest package of sanctions ever imposed against a G20 nation, and there are more to come. Before the invasion, more than 250 Russian individuals and entities were designated for an asset freeze. In the week afterwards, a little over … Read more Russian sanctions: the impact so far
Category: Economy
Russian sanctions: the impact so far
Increase Your (Financial) Intelligence
How do you catch criminals? More exactly, how do you catch people using the financial system to shift, grow and conceal criminal assets? First, you have to know what they’re doing. A proposal lodged this week will, if approved by the States of Jersey (the Island’s Parliament), boost our ability to track those trying to … Read more Increase Your (Financial) Intelligence
Stable, transparent and well-regulated: maintaining Jersey’s international reputation
A key policy objective of the Government of Jersey is to ensure that the Island’s interests are represented at an international level. By developing our relationships with UK, European and international bodies we reinforce the message that Jersey is a cooperative partner, a good neighbour and, as an international finance centre, a well-regulated jurisdiction complying … Read more Stable, transparent and well-regulated: maintaining Jersey’s international reputation
High Value Residents bring economic benefit to Jersey
Jersey first introduced a special tax regime for High Value Residents in 1970 to ensure that wealthy incomers to the island brought with them economic or social benefit. Since then the scheme has been amended a number times, most recently in 2011. The aim then was to try to attract people who would move their … Read more High Value Residents bring economic benefit to Jersey
Is a decent standard of living affordable in Jersey?
Whatever your reason for being or staying in Jersey, it’s important to protect the things that make the Island special – we want it to be a great place to live, socialise, grow up and belong; a place where community and people matter. We asked Islanders about these important issues in our recent My Jersey online survey, … Read more Is a decent standard of living affordable in Jersey?
Funding a new hospital for Jersey
It seems like we have been talking about a new hospital for a long time. Do we need it? Where should it go? How much will it cost? I am convinced that we do need a new hospital. The existing building has developed piecemeal over many decades and its physical condition, assessed in an independent survey, … Read more Funding a new hospital for Jersey
Control of Jersey’s borders
For centuries many Jersey people have left the Island to live elsewhere. Conversely, others from many countries have come to Jersey to work in different industries, or to seek refuge. Thousands of French Protestant Huguenots came here in the late 17th and early 18th centuries to escape persecution in France. Then Irish workers came, to … Read more Control of Jersey’s borders
Jersey 2036 – what you’d change
There are plenty of local issues that affect our daily lives in Jersey. But at a time of well-documented low voter turn out, is there much appetite for thinking about the bigger picture in Jersey, or for considering the Island’s long-term future? It seems there is. And it’s been a delight to see this reflected … Read more Jersey 2036 – what you’d change
Planning for the future
Budget 2017 will help us to manage a successful future. Together with the Strategic Plan and Medium Term Financial Plan, it is part of an agreed three year plan that draws on reserves to support the economy in the short term and balance budgets in the medium term. Looking further ahead, we will need strategic direction … Read more Planning for the future
Budget 2017
Budget 2017 maintains our established principle that taxes should be low, broad, simple and fair. It proposes no fundamental change to our system of taxes, duties and charges, it encourages investment, growth and creates significant job opportunities, particularly for our young people. Some people have expressed concern that the tax burden is falling disproportionately on “middle … Read more Budget 2017