GUERNSEY’S chief minister is expected to call a media briefing today to comment on yesterday’s surprise announcement by the UK Government that it is to launch a review of the role of the offshore areas it is responsible for as finance centres.
WHEN the Policy Council brings forward its report on a depositor protection scheme for debate later this year, one of the issues States members will consider is whether the cost of the system and its effects on the banking sector here are justified by the reputational benefits achieved.
AN ANNOUNCEMENT yesterday that the Policy Council had agreed to ‘a measured course of action which will maintain confidence in the local banking sector and address the concerns of local depositors’ will be followed by an immediate question from islanders: What, by doing nothing?
POLICY COUNCIL members yesterday ruled out a States-funded deposit protection scheme for Guernsey.
Islanders are being asked to help shape the future of their home.
COMMENTS by this newspaper yesterday that the RPI-plus settlement for the States manual staff was not a good deal for the taxpayer may well also come to apply to the employees themselves.
A NEW constitutional framework agreement with the UK will be debated by the States.
ANYONE wishing to take a harsh view of where the new States stands might conclude that just three months into the life of the House, the cracks are already starting to show.
FORMER chief minister Mike Torode had some worrying advice for his ex-colleagues while speaking to the Institute of Directors: the honeymoon is over. No, he wasn’t referring to the manual workers’ strike or even the challenge it mounts to the closest Guernsey has had to a pay policy, attempting to keep public expenditure at or […]
A lose-lose situation…
IN MANY respects, yesterday’s endorsement by the States of the international identity framework understanding between the island and the UK was a lose-lose situation.