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55,000 islanders to see pay drop again this month

55,000 islanders to see pay drop again this month

Wednesday 30 June 2021

55,000 islanders to see pay drop again this month

Wednesday 30 June 2021

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.” 

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Posted by Private Individual on
Normality meaning government spending to go up along with our taxes.

In the meantime our wages drop through the floor again.
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