Learn to say 'no' to big spending

The finance industry is struggling as business declines in some areas or moves to other jurisdictions. Now we are told that Public Services minister Paul Luxon supports a £190m. spend to bring the harbour services 'up to scratch'. Is this so that when we lose one of the two fast ferries we can service a bigger one? What do Harbour officers mean by 'fit for service'?

Anyone who has run a large corporation knows that department heads will constantly argue for more staff, bigger budgets and improved facilities. Nothing wrong with that – they need to fight their corners. But in business, a board or the CEO will regularly say 'no', 'find a cheaper way' or 'find a no-cost solution'.

But it seems that, in Guernsey, we have an executive and government who simply do not know how to say 'no' to big projects, but will readily stamp on the low-cost ones or kick them into touch.

'No, we cannot afford to repair the sea wall at Fermain yet, but yes, we can afford a £190m. port upgrade.'

In assessing any capital project, there should be a cost benefit analysis and a clear case shown for return on capital invested. Who is expected to pay for such a sum? If it is the passenger ferries, it will be a further blow to the tourism industry because Condor would inevitably raise prices. Harbour fee increases would deter visiting yachts who bring trade in the summer. Cruise ships? That business is growing, why threaten it? Boat owners could only contribute a fraction of what is needed.

The truth is that in the current climate, we should be saying 'no'. We are a small island and should behave as such. Where does it stop? There are plenty of roads in Guernsey that are 'not fit for purpose'. Should we build a few four-lane motorways?

JULIAN MOUNTER,

Clifton,

St Peter Port.