Understand
Jersey officials launch new economic growth group to boost island's economy
Overview
Jersey officials have formed a new economic growth group led by Deputy Gerald Voisin, aimed at boosting the island's economy, supporting key industries, attracting investment, reducing red tape, and tackling inflation.
Key points
- A new economic growth group has been established in Jersey to oversee government action and support industries.
- The group will be led by Deputy Gerald Voisin and will meet monthly.
- Chief Minister Lyndon Farnham stated the group aims to encourage growth across all parts of the local economy, noting smaller growth outside the financial professional services sector.
- Key priorities include maintaining a stable tax environment, reducing business costs, embracing digital innovation, and attracting new investment.