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News
Guernsey inflation rate rises faster than Jersey and UK’s
11+ hour ago (533+ words) Price rises in Guernsey have accelerated again and were well ahead of Jersey and the UK over the past 12 months. The basket of everyday goods in Guernsey increased by 4.3% in the year ending 30 June, compared to 2.8% in both Jersey and…...
New figures show cost-of-living crisis is deepening
23+ hour, 8+ min ago (647+ words) The magnitude of Guernsey’s cost-of-living crisis was revealed in new figures released by the States yesterday. The average household spent 6% less and suffered a 12% decline in income, after adjusting for inflation, over a five-year period ending in 2024. Household expenditure was…...
22% of household spending goes outside of the island
1+ day, 1+ hour ago (263+ words) NEARLY a quarter of household spending is going outside of the island. Online shopping accounted for £8,474 annually, totalling 13% of average household expenditure, regardless of whether purchases were made from local or off-island suppliers. And locally islanders spent an average of…...
GST ‘would be reckless’ for Alderney’s fragile economy
2+ week, 6+ day ago (413+ words) IMPOSING a GST on Alderney’s fragile economy would be ‘reckless’ and could well see businesses close as a result, the island’s Economic Development chairman has warned. Stuart Clark fears that any consumption tax will reduce economic activity in the island....
Laine takes Niles’ seat on Economic Development
1+ mon, 3+ day ago (122+ words) Guernsey Press Deputy Marc Laine has joined the Economic Development Committee. He was unopposed in an election to replace Deputy Andy Niles, who had to give up his seat when he joined Policy & Resources as the replacement for Deputy Gavin…...
ESS U-turns on minimum wage rise for young workers
1+ mon, 1+ week ago (300+ words) THERE is to be no big pay rise for young workers on Guernsey’s minimum wage. The Employment & Social Security Committee had gone out to consultation on a proposal to increase the minimum wage for 16- and 17-year-olds from the current £11.35 an…...
Island’s financial services sector stable, reports GFSC
1+ mon, 3+ week ago (252+ words) AGAINST a backdrop of global uncertainty, the Guernsey Financial Services Commission’s latest annual report reveals the financial services sector has remained stable, supported by continued demand for investment funds and other investment and insurance entities. The commission introduced a number…...
Affluent households paying less tax ‘than average worker’
2+ mon, 1+ day ago (691+ words) Between 110 and 180 households of working age are living in some of the island’s most expensive properties and contributing less in tax than the median household, according to official figures from the States. Deputy David Goy secured the information from the…...
Alderney’s financial position ‘strong and reassuring’
2+ mon, 3+ day ago (313+ words) Alderney has been described as being in a ‘strong and reassuring’ financial position after its 2025 Accounts revealed a revenue surplus of more than half a million pounds. ‘These results reflect not only a positive financial outcome for 2025, but also a…...
‘Superpowers’ will protect island’s economy if recession hits
4+ mon, 3+ day ago (452+ words) Guernsey has ‘superpowers’ which should help protect its economy during a global recession, the States was told yesterday. Escalating conflict in the Middle East sent the benchmark oil price back above $100 a barrel earlier this week, sparking renewed fears of…...