Treasury minister stands firm on plans to scrap relief
Tuesday 20th November 2012, 8:30AM GMT.
TREASURY’S desire to scrap mortgage interest relief is ‘settled’, the department’s minister has said.
Deputy Gavin St Pier yesterday poured cold water on suggestions from Treasury board member Mark Dorey that the plan was merely an ‘idea’ at this stage.
Deputy Dorey had claimed, while speaking on the BBC Radio Sunday phone-in, that the Budget made it clear the department’s intention could change following a review it will conduct next year of all taxes the States imposes on islanders.
But Deputy St Pier, pictured was sticking to his guns.
‘Is our view on phasing out mortgage interest relief likely to change? I think our view is settled but I think there is quite a lot of detail around it [that needs to be finalised], in terms of timeframes, how you recycle the taxes raised and whether you should do anything else for first-time buyers.’