CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Fiscal Policy Panel Visits Jersey

Fiscal Policy Panel Visits Jersey

by Jason Gorringe, Tax-News.com, London

12 November 2007


Members of the new Fiscal Policy Panel, recently appointed to advise Jersey’s Treasury and Resources Minister, Senator Terry Le Sueur, on future fiscal policy, made their first official visit to Jersey last week.

The three panel members, Christopher Allsopp and Marian Bell, former members of the Monetary Policy Committee of the Bank of England, and Joly Dixon, a former member of the European Commission, spent Wednesday and Thursday familiarising themselves with Jersey’s economic structure. They attended a series of meetings with key States officers from Treasury and Resources and Economic Development, as well as representatives from the Institute of Directors, Chamber of Commerce, Trade Unions and the finance industry.

The States agreed in September of this year to appoint these three leading independent economists to the Fiscal Policy Panel. The Panel is part of the new fiscal framework designed to maximise Jersey’s future economic prosperity, and will advise on medium to long term tax and spending policies. Their role is to gauge the strength of the Island’s economy; its position in the economic cycle; and the outlook for both Jersey and the world’s economies. Specifically, they will advise on whether economic conditions justify the States running surpluses or deficits and to what extent, and whether funds should be transferred to or from the new Stabilisation Fund.

The panel will publish an annual report every September for the Treasury and Resources Minister, which will advise on the right combination of tax and spending policies for the Island to achieve its economic objectives of economic growth with low inflation.


To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »