Economy news


‘Future prosperity must be built on Guernsey traits’

GUERNSEY needs to take a sustainable approach to economic success which is well-founded in the established local infrastructure.


Focus should be on expertise Guernsey can offer

GUERNSEY should be looking to build its economy in areas where it could demonstrate ‘significant expertise’, according to the chief executive of Guernsey Finance.


Customers paint positive picture as UK hovers on brink of double-dip recession

CONCERNS over whether the UK and Guernsey will experience a double-dip recession are relatively insignificant to the man in the street, according to a UK economist.


No escape from the age issue

ONE of the advantages of recruiting an eminent economist to validate the success or otherwise of the island’s fiscal framework – the code which sets constraints on any borrowing and total levels of revenue and expenditure – is the degree of independence brought to the process.


New tax deal cannot come soon enough

CONTAGION is the buzzword of the world’s newspapers at present – and it has nothing to do with the latest Matt Damon film about a deadly pandemic.


Eurozone crisis sees local growth forecasts downgraded

PROJECTIONS for economic growth in the island next year have been downgraded in the light of the eurozone crisis.


‘Get ready for a 1930s recession’

EUROPE should be bracing itself for a recession of 1930s proportions or at least a decade of sluggish or no economic growth.


Message’s meaning was clear

A WARNING by the chief minister this week that Guernsey risks becoming a high-tax jurisdiction if it cannot curb its public sector expenditure is a reminder of why this newspaper has taken such a strong line over the years on States spending.


Uncertain economy threatens long-term overseas aid funding

THE Policy Council has failed to produce a long-term funding plan for overseas aid – as it had been instructed to.


Progress – but more to be done

THE pressure that faces UK Chancellor George Osborne to come up with a Plan B approach to the UK economy provides a counterpoint to the situation this island finds itself in.

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