‘We got it right on economy’

Saturday 15th March 2008, 8:59AM GMT.

Treasury minister Lyndon Trott arriving at this week’s States meeting.

NO NEW taxes will be needed if the States continues to control expenditure, Treasury minister Lyndon Trott said yesterday.

The department has released figures showing the latest economic position – and they paint a positive picture. Personal income tax receipts for 2007 increased by 6% in real terms, while others were £8.5m. more than anticipated.

It means that there will be enough in the capital reserve to enable the next House to spend £40m. on a major capital project such as a new school at either Les Beaucamps or La Mare de Carteret or mental health facilities.