So Phillip Ozouf and Terry CM must be very worried to actually admit (all be it gently) a few home truths. The fact that even Edd Balls, economic wizz kid advisor to Gordon Brown for ten years, stated publicly and actually very openly, that Englands economy is in for a very rough ride.
Jersey has an economics department, a statistics dept. a new strat. panel, Jersey Finance plus the treasury it goes on and on, the list of information gatherers.
So like the rest of Europe, Jersey is in for a beating.
It will fall to the Ministers to show backbone and courage. Will CM Le Suer go down in history as being Jerseys Churchill, will Treasury Minister Phillip Ozouf also be remembered as the man who saved Jersey economy in the most trying of times, are they going to be proactive ( try and head off disaster ) or reactive ( try to repair the damage once the economic storm has passed).
Behind the soft tones of, statements like we may have to cut back on public sector staff, we may have to borrow £14 million to build a car park we must look at our options ? The Ministry of secrets know exactly where Jersey's economy is heading, they are fully armed with the facts. It falls to the Ministers to show backbone and courage. The basic truth is, action has always spoken louder than words.
First job sadly, ( its no joy, dismissing staff) make redundant the spin doctors, dispand the expensive quango's, bring in ( outside) time and motion experts to cut the wage bill by a minimum of 38% = £110
million. Moth ball all non essential states expenditure, knocking down minden place car park to turn it into a historic cattle market, comes to mind. Take advantage of the the expensive euro and dollar by encouraging the professional ( sorry not States Jersey tourism office) private operators to bring in people for short breaks and meetings,to spend loads of money here.
Boatyboy