Jersey Finance: Global austerity measures impact second quarter figures
Banking deposits in Jersey fell during the second quarter of 2010, partly as a result of the challenging economic conditions that still prevail in the global markets and totalled £166.9 billion, a 6% decrease compared to the first quarter. The statistics collated and prepared by the Jersey Financial Services Commission for the three month period ending June 30, 2010 also show that funds under...
Read MoreChinese Delegates Visit Jersey on Finance Learning Trip
Seven delegates from the Tianjin municipality in China have visited Jersey this week to discover how Jersey operates as a major international finance centre – looking at policy, regulation, tax, foreign exchange, trade and finance. Zhaoan Li, Jersey Finance’s Head of Greater China Business Development, arranged the visit. She commented: “Jersey has made great strides in successfully...
Read MoreJersey wins Best International Finance Centre award
Jersey’s finance industry has further enhanced its reputation, winning ‘Best International Finance Centre’ at the International Fund and Products Awards 2010 this week. The results of the Awards, which are recognised as a key event in the field of international finance, were announced on Tuesday 15th June. Consisting of a range of categories, they feature leading financial organisations and...
Read MoreStates of Jersey’s 2009 accounts published
The Minister for Treasury and Resources, Senator Philip Ozouf, has published the States of Jersey’s 2009 accounts. The key points in the accounts are: - States Net General Revenue was £674 million in 2009 – that’s £20 million more than forecast. This is due to income tax receipts, which at £508 million are higher than the forecast of £488 million - investment income has dropped 54%...
Read MoreSavings healthy, but Jersey faces challenging year
Treasury Minister Philip Ozouf has warned Jersey faces another challenging year. In the accounts for 2009, he said States’ savings remained healthy despite the economic downturn. General income and income tax was £20m more than expected, while a drop of nearly 50% in investments was blamed on low interest rates. Department budgets were underspent by about £7.5m, but overall, the States...
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