Around 55,000 islanders will see their take-home pay drop again this month, with Social Security contributions returning to their pre-pandemic level.
Workers and self-employed people were given a 2% cut, from 6% down to 4%, in October last year as part of a £150m plan to boost the economy in the wake of covid.
But the Government has decided it’s now time to reverse that measure, which was introduced alongside a £100m Spend Local card and kept an estimated total of £26m in workers’ pockets.
"The reduction in contributions has enabled islanders to have that little extra each month to spend in the local economy and this has meant businesses and services in Jersey have been greatly supported by everyone,” Social Security Minister Judy Martin commented.
“However, as we look towards the future and continue our exit strategy out of the covid-19 pandemic, the economy has been reconnected and it is time to continue on the path back to normality.”
Comments on this story express the views of the commentator only, not Bailiwick Publishing. We are unable to guarantee the accuracy of any of those comments.
Once your comment has been submitted, it won’t appear immediately. There is no need to submit it more than once. Comments are published at the discretion of Bailiwick Publishing, and will include your username.