A review has been launched to establish how the proposed ‘mini budget’ will impact Jersey’s economy – including whether encouraging landlords to keep rents down will be enough to alleviate the cost of accommodation and staffing crisis.
It will be conducted by the Economic and International Affairs Scrutiny Panel, Chaired by Deputy Moz Scott.
The Panel's review will also seek to establish the short and long-term economic impact of postponing the obligation for offshore retailers to register under the Goods and Services Tax from 1 January 2023 to 1 July 2023, and the implications of changes to the minimum wage and the delay in officially introducing the Living Wage.
During their review, the panel will seek evidence from Economic Development Minister Deputy Kirsten Morel and the Government's Chief Economic Advisor, as well as local businesses.
Pictured: Deputy Moz Scott, who chairs the panel conducting the review.
It comes in addition to the Corporate Services Scrutiny Panel's separate review of the mini budget, which is being led by Deputy Sam Mézec.
"The aim of the Panel's review is to look specifically at whether the Council of Ministers have given due consideration to the impact of the mini budget on economic productivity and staffing issues and what methodology is being used by the Minister and the Chief Economic Advisor to reach their conclusions," Deputy Scott said.
"The Panel will also release a call for evidence shortly to seek views of local businesses on the Government's proposals directly."
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