States re-endorses plans to tackle the deficit

Wednesday 12th October 2011, 1:31PM BST.

states building GUERNSEY’S States has re-endorsed policies aimed at tackling the deficit.

It unanimously supported the fiscal and economic plan this morning, but questions were raised about the level of capital spending, which failed to hit the target set, and the forecast growth in the economy in light of financial problems in Europe and beyond.

Support was also expressed in some quarters for reigning in social security spending, which is currently not included in the targets set.

Members have also backed the Social Policy Plan update after a short debate.

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1
Les Beaucamps Boy

October 12, 2011 at 10:21 pm

Real,
“What ? Had not news of the demise of the fulfillment industry, the devaluation of Sterling and the Dollar and the Euro bailout Ponzi scheme filtered through to the Chamber ?”
Politik.
“Oh it had but the majority could not grasp the Economic principals involved.”
Real,
So were futout then !
Politik,
” Very astute ! “

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2
simon

October 13, 2011 at 9:25 am

Les Beaucamps Boy
Our States have got it covered…. Long before any of this trouble started they created a really big black hole and started filling it with our money… apparently only the top brass knows where it is buts its gota be safer than under a mattress or in those banks a!
I think there gona use quite a lot of it building a runaway or summit, but at the rate there taking it from us, the black hole will be topped up again pretty quick, so dont worry a!!
PS If you know where the black hole is dont tell the UK Chancellor bloke cuz hes a bit short just now and he needs some ink cartridges for his money printing machine, the amount of money he plans on printing we couldnt afford the ink for a!….

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3
Hello

October 13, 2011 at 2:26 pm

I believe the plan requires an average of 2% annual growth over the coming 5 years in order to work. At 1% growth this plan leaves a deficit.

I’m not sure I’m quite as optimistic as our States on this one.

I’d could come home to haunt them.

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