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States’ lurch to left ‘will wreck economy’

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GUERNSEY risks slipping into a continuous cycle of financial crisis unless the island stops putting obstacles in the way of businesses, says the chairman of optical giant Specsavers.

Doug Perkins.

In a letter to the Guernsey Press, Doug Perkins writes that the island is on an ‘evident and disturbing direction of travel’ to the political left, with excessive government spending and a set of policies seemingly designed to create instability and undermine business confidence.

Unless the States alters course, the co-founder of one of the island’s major employers fears that Guernsey will lose its ability to attract businesses looking for reasons to be based here.

The problem, he says, is that some deputies are ‘hell-bent on putting down more obstacles for business’, thereby wrecking its reputation as a bastion of stability.

‘For many years the statement “Guernsey is open for business” has rung out like a bell across the world – with the current shift in the governmental philosophy, it is starting to ring hollow,’ he said.

Letter in full: click here

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