Author Topic: 2 more civil servants for Terry at £200.000 each, That's what you call growth !  (Read 11866 times)

Offline moot

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Hidden on page 8 of JEP 8th Dec was a little story about growth. No, not the growth of the economy but the mushrooming civil service. This was the day when all eyes were on the vote for Chief Minister and therefore I suppose a good day to bury expensive news.
This is how the story reads : ( my comments in green)
The two new people will have the titles of "director of international tax" and "director of international affairs / deputy director of international finance"  ( Aren't they beautiful ? Bit long for a business cards mind you )
The successful applicants will work ( hard ) alongside Martin de Forest Brown (which is a beautiful name to go with his title of) "director of international finance", a post only created 2 years ago. and under the guidance of the advisor to the States on international affairs Colin Powell
Fiancial resources for the new jobs were set aside in the States business plan in September At this time £200.000 was earmarked for the new strategic post, rising to £220.000 by 2013 ( if the finance industry is still here )
An additional £570.000 was approved to strengthen resources in the Chief Minister's office ( also known as the "Yes Minister's office " ) including £200.000 for international affairs.
Mr de Brown Forest reportedly said : What Jersey needs to do is to build an intenational indentity ( I thought Walker did this on newsnight.. ) - for example with the United Kingdom, The British Irish Council, The Common Wealth Parlimentary Association - but there are very limited resources to deal with it.
A lot of this, which is non-finance work, ends up on my desk, so bringing in an additional resource will pick up a big piece of that work, which leaves more time to do international finance ( I suppose your call this delegating.. )
He said that the appointee would need to be able to deputise for senior personnel ( while they are on the golf course ) at internationial meetings and be able to represent the island ( I thought that was the Chief Minister's job  / Didn't Guy the Faye go to Paris for one of these ? .. )  In terms of the tax strategist post, this would need to be someone with specialist knowledge ( Oh yeah, another specialist ! ) probably from within the finance industry
"I am not a tax expert" said the Forest Brown. I am an accountant and can deal with tax at most levels but this needs someone who can get to the fine details ( What about the Scottish bloke who is in charge of the tax office in the parade ? )  One of the first tasks is likely to be a "Tax Information Exchange Agreement with the UK and other key countries as well as ongoing work when various TIEAs are reviewed and revised, consultations with the UK over the treatment of resident non-domiciles , and keeping an close eye on other juristrictions with finance centres ( watch the news ? ) " It is true that these will be senior and expensive employees ( you're not joking mate )  said de Forest Brown " but in terms of the challenges the island faces it will undoubtedly the money well spent ( you mean our money well spent ) 

What do you think ? Is this much money well spent ?
« Last Edit: December 21, 2008, 04:52:57 PM by moot »

Offline danrok

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Sounds like nice work for anyone who enjoys doing sod all.

Offline newmac

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How much is the Chief Ministers dept actually costing the tax payer :-\

Offline moot

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Sorry to change subject
I am trying to find a tread in which we discussed all the States funds i,e stabilisation funds, States pension funds and what the stock market was going to do it
I cannot find it.  Don't worry I found it !

« Last Edit: December 21, 2008, 05:50:00 PM by moot »

Offline moot

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What sort of international image do we need? We are but a dot in the ocean. Who is going to listen to anything from anyone in Jersey?

Please remember that "Jersey is very special"
The civil service is mushrooming - Hence the name Forest-Brown !
« Last Edit: December 21, 2008, 06:43:15 PM by moot »

Offline boatyboy

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JEP  CM Terry Le Suer.


JERSEY has a ‘sound and stable economy’ and can face international scrutiny of its finance industry with confidence, the Island’s new Chief Minister told business leaders yesterday.
In his first major public speech as Chief Minister, Senator Terry Le Sueur outlined major challenges ahead as Jersey follows the UK into recession but remained upbeat about the Island’s longer-term prospects.

We cannot be immune from the collapse of some UK high-street retailers, however successful their Jersey operations may be,’ he said. ‘This is really a problem that affects the whole community. All of us, in fact, are at the sharp end of this. My task, and that of my fellow States Members, is to deal with the results of the changing economic climate.



http://www.thisisjersey.com/2009/01/29/we-will-weather-the-storm/


An interesting  up beat talk , first Jersey will not be affected by the recession, and now we “ cannot  be immune from the collapse of  some retailers. The question really is Terry, with the reduction in income from the melt down in interest rates,and the loss to banks having to pay the English Government for loans, meaning that Jerseys tax man will not be collecting anywhere near as much in revenue. How long before we hear, an increase in GST is needed to cover an even bigger black hole. The easy way out !

The irony of the heading of this thread and, Sir , if you may be quoted again. All of us, in fact, are at the sharp end of this. Depends who you work for ?

BB
« Last Edit: January 30, 2009, 01:40:03 AM by boatyboy »

Offline danrok

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With Terry Le Sueur at the helm we're sure to weather the storm!


Offline boatyboy

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JEP

THE States will spend all of a £140 million reserve fund to get Jersey through the recession afte\r experts warned that the economy could shrink by up to 6% this year.
Ministers revealed that they were now prepared to drain the Stabilisation Fund after the Economics Unit revised its forecast for the economy during the next two years. It has scrapped a previous estimate of 2% growth this year and is now preparing for shrinkage of between 2% and 6%.

It has also warned that the Island will experience anything between zero growth and a decrease of 4% in the economy next year. Income tax revenues are likely to fall as company profits, earnings and investments drop, and the States’ own income will suffer from historically low interest rates.

The Stabilisation Fund, as well as a range of savings measures, will be used to balance the books.

http://www.thisisjersey.com/2009/02/06/well-spend-it-all/

BB

Offline moot

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Only very recently Ozouf told us that the fund was going to be used to keep construction companies etc going by means of loans. Today his boss tells us that it will be used to plug a deepening States hole.
I think the penny is finally dropping ( literarily ) and our complacent ministers are starting to realise that the global downturn effects financial services most and that's all Jersey has !!!
Too little too late !
The money we have in our kitties is peanuts compared to what we really might need to keep Jersey afloat.
Interesting times !

Offline moot

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Tonight's teletext (  http://www.channelonline.tv/channelonline/)
£140m Stabilisation Fund will vanish ( Paul Daniels style )
The £140m in Jersey's Stabilisation Fund could be swallowed up in the next three years just balancing ( cooking more like ) the books. The island's Chief Minister Senator Terry Le Sueur says the world economic situation is having an effect locally, and it could get worse.
With interest rates dropping, States' savings aren't doing as well as in the past. Tax returns are also expected to dip.

Read this carefully.
Our Chief Minister is INFORMING US that THE WORLD ECONOMIC SITUATION IS HAVING A EFFECT LOCALLY !!!!

As if we didn't know !!!! Even my Jack Russell knows something is up as he is getting cheaper food...
As Stuart says : You couldn't make it up !


« Last Edit: February 06, 2009, 06:16:21 PM by moot »

Offline rico sorda

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£140m Thats just loose change i mean how far can you stretch it.... We are in for one hell of a ride and im getting fed up of hearing how well placed we are its all we here. Boom Boom Bust when you read the articles you get the impression there starting to cack there pants..

rs
one ban away from oblivion rsx

rogueelement

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In the event that you believe there is no one person in the states who is fit to govern,that there is no one person who has a clue about the economy or how the real world works, I would have thought you might be quite excited about the employment of superb people at £200,000. or more.Surely their opinions might be of benefit given your belief that the current incumbents are ,,,Clueless?

Offline Fritz

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Doesn.t seem that long ago,"The powers that be", were telling us Jersey was well placed to weather the ,"Financial Storm", that was battering the rest of the world?

Offline rico sorda

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In the event that you believe there is no one person in the states who is fit to govern,that there is no one person who has a clue about the economy or how the real world works, I would have thought you might be quite excited about the employment of superb people at £200,000. or more.Surely their opinions might be of benefit given your belief that the current incumbents are ,,,Clueless?

Andy was that for me your shooting like a gunslinger good work..

My line of work is the building trade and im well aware what's waiting round the corner we will need way more than 140m

rs
one ban away from oblivion rsx

Offline boatyboy

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The wage bill is just under £300 million per year for the public sector, in a worse case senario £140 Million covers about six months pay, oh yes some sectors are demanding rises.

In the real world, a company would look at reducing, not those on the coal face, but expensive management, the hospital alone as eight levels.

BB