Tag "Budget"

Take shelter: if 2016’s Budget proposals are passed by the States, tax hikes will rain down on us.

Why this Budget is a real stinker

We were told that the island’s finances were heading firmly in the right direction, thanks to expenditure restraint. Now the States has changed its tune and 2016’s draft Budget makes shocking reading, says Peter Roffey. Were those claims spin or a gross miscalculation? He’s not sure which is worse...

States finds new ways to inflict pain

TWO large carrots were dangled in front of islanders when the States proposed its personal tax and benefits review. One was that it was revenue neutral. This was not to be a means of fleecing islanders in many extra ways, it was a question of rebalancing the books so the island was not so heavily dependent on income tax.

Budget’s sting will need good arguments behind it


With the release of the 2016 budget today, the island will begin to get an inkling of whether or not the States has made all the savings it promised during the last year. Nick Mann predicts that the minister is going to face a lot of questions over plans to raise extra funds through new taxes, even if the controversial GST is off the table...

Fuel up, other rises to spend more on health


FUEL duty will be hiked, personal income tax allowances frozen and large retailers hit by tax increases, under a string of proposals in the 2016 Budget, to help cover a rising health budget.

Early steps cut risk of tripping over

THEY are too polite to say so but there must be quiet satisfaction in the corridors of Sir Charles Frossard House when they look across the waters to Jersey. In a month’s time Jersey States will be debating its Medium Term Financial Plan, designed to guide the island through to 2019.

Sometimes the ‘Guernsey way’ is right


The year-on-year, real-terms reduction in HSSD’s budget has been like watching a flawed pressure cooker waiting to explode, says Peter Roffey. But that doesn’t mean that just throwing cash at our health service will cure all its ills...

Mind the gap

(John Gomez/Shutterstock)

A look at George Osborne’s budget tells us that the gap between the UK’s low-paid and Guernsey’s is growing – and not in our favour. All but the highest earners here are actually paying more tax than their UK counterparts, who are to enjoy a rise in their personal allowance and in the minimum wage. Peter Roffey makes some unfavourable comparisons and considers the way forward for us

A tale of two islands filling black holes

TWO quite similar islands – two very different tales. Guernsey’s government, having run a deficit budget since the introduction of zero-10, is predicting a surplus of £3m. by 2017.

Halfway house should be Health’s aim

New Health minister Paul Luxon has warned that the current HSSD budget is inadequate. (Picture by Steve Sarre, 7793929)

Enforcing the same spending constraints on HSSD as other departments was always unrealistic, but the needs-driven budget its minister now seeks is equally so. Let’s get some balance, says former health minister Peter Roffey, who detects a whiff of hypocrisy...

GST refuses to go away quietly

LIKE a spectre at the feast, GST dominates all aspects of the personal tax review, despite being supposedly killed off before its publication.

Mass exodus is on the cards

A FEW months ago, I sat through a presentation by Gavin St Pier on our economy at Moore’s Hotel, as did others, and in the presence of the chief minister.