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| Guernsey And Jersey To Share Fiscal Advisory Panel |
by Amanda Banks, Tax-News.com, London
Wednesday, February 17, 2010
Guernsey’s Policy Council has appointed the 3 leading economists who form Jersey’s Fiscal Policy Panel to advise them on their own policies.
Jersey appointed the 3 economists, Joly Dixon, Marian Bell and Christopher Allsopp, to advise on fiscal policy in 2007. The Panel’s
first interim report for Jersey was published in April 2008.
Announcing the decision, Guernsey’s Chief Minister, Deputy Lyndon Trott,
said: “Last April the Policy Council brought before the States of Guernsey
a Formal Fiscal Framework designed to safeguard the States continued conservative
fiscal legacy. The States overwhelmingly backed those proposals, key to which
was the adoption of an external panel of experts to provide independent opinion
on the conduct of States policy. “
“These 3 eminent economists have agreed to constitute our inaugural panel
membership. They already have a demonstrable track record with this kind of
role on behalf of the States of Jersey, agreeing a common membership between
us is a positive signal in support of pan-island collaboration.”
Jersey’s Treasury Minister, Philip Ozouf, commented: “I am pleased
to see Jersey and Guernsey working together in this way. The joint use of the
Fiscal Policy Panel has numerous advantages, not least of which is the fact
that the members’ reputation and professionalism has already been demonstrated
by their work for us in Jersey. I hope this proves to be one of many successful
examples of the growing cooperation between the islands.”
Joly Dixon, Chair of the Panel, concluded: “We are delighted to be working
with the States of Guernsey. Our work in Jersey has shown the benefits of a
Fiscal Policy Panel. We welcome the decision of the Guernsey Policy Council
to establish a fiscal framework and look forward to working with others to make
it a success.”
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