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Category: Local Business News  States of Jersey

Government Plan Debate 14 December

Dec 14, 2021


Statements 

The Chief Minister, Senator John Le Fondré, made a statement regarding the Government Plan 2022 – 2025. Afterwards, States Members asked the Chief Minister questions for 30 minutes.

Public business 

Government Plan 2022-2025 

On behalf of the Council of Ministers, the Minister for Treasury and Resources, Deputy Susie Pinel proposed the Government Plan proposition as amended by the following amendments (which will not be debated):

Stamp Duty on investment properties amendment 

The Corporate Services Scrutiny Panel proposed an amendment to the Government Plan which requested that a higher Stamp Duty rate is introduced for buy-to-let investment properties, second homes and holiday homes before the end of 2022.

The Minister for Treasury and Resources, Deputy Susie Pinel, proposed an amendment to the Corporate Services Scrutiny Panel’s amendment, asking that the proposed higher Stamp Duty is introduced subject to the outcome of a review completed by 1 January 2024.

The States Assembly voted to approve the Corporate Services Scrutiny Panel’s amendment to the Government Plan, unamended. This means that the Minister for Treasury and Resources will introduce a higher Stamp Duty rate for buy-to-let investment properties, second homes and holiday homes by the end of 2022. See how States Members voted here.

Tax on alcohol amendment

The Corporate Services Scrutiny Panel proposed an amendment requesting that the proposed 5% increase of Impôt Duty on wines and spirits is reduced to 2.5% and applied to all alcohol, in turn decreasing revenue raised by £231,000.

The States Assembly voted to approve the Corporate Services Scrutiny Panel’s amendment to the Government Plan. This means that that the proposed 5% increase of Impôt Duty on wines and spirits will be reduced to 2.5% and applied to all alcohol, in turn decreasing revenue raised by £231,000. See how States Members voted here.

Revised borrowing and dept repayment amendment

Senator Gorst proposed an amendment to reduce borrowing in the Government Plan by reducing borrowing from long-term pension liabilities by £345m per year and repaying £259m Covid debt by the end of 2026.

The States Assembly voted to reject part 1 and 2 of the amendment but adopt part 3 of the amendment. This means that borrowing in the Government Plan from long-term pension liabilities will not be reduced by £345m per year but borrowing of Covid-19 debt of £259m will be repaid by the end of 2026. See how States Members voted here.

A recording of the debates will be available shortly to watch here.

The Assembly will meet at 9:30am tomorrow, Wednesday 15 December, to continue debating the proposed Government Plan 2022-25 amendments. The full meeting will be broadcast live via Microsoft Teams.


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