| Tax rate may fall below 20p
21July 00-The 40 year old tax rate of 20p may be cut if
other offshore jurisdictions do likewise. This follows the Isle of Man's
announcement that it will cut its rate from 20% to 15%. IOM Companies will
pay a 10% rate which will make it very competitive with Ireland. |
11-plus system may be
scrapped
13 Sept 00- The island may scrap its selective education
system at 11, by 2004. Education unveiled a £40m plan which includes 3
new 850 pupil high schools and a new tertiary college for 16-plus. The
existing Grammar school would become one of those secondary schools
catering for mixed ability children. The States are to debate the matter
|
| Airport Re-development
2 Oct 00- Two reports commissioned by the Board of Admin
have concluded that a runway extension is not necessary for flights within
a 700 mile radius. However plans are continuing re the demolition of
the 1938 terminal building and replacement with a £17m two level modern
terminal which will be 25% larger than the present one and 50% more
seating. There will also be
parking for up to 93 light aircraft, 9 airliners and 500 cars. The cost
will be financed by increasing passenger taxes by £2 per person. The new
terminal should be completed by 2003. |
No to Sunday Trading
12 Oct 00- The States debate on total
Sunday deregulation was evenly divided 25-25 and it was left for the
Bailiff to cast the deciding vote in favour of no change. Seven States
members were absent. Many say that this leaves Sunday trading in a mess
with the island now having to introduce the law voted upon last year which
will only allow shops up to a certain square footage to open |
| Island may lose Gatwick slots
13 October 00- The Island Transport Board
admitted that the island could lose all links with Gatwick in the next ten
years. This follows the loss of the Heathrow slots sold off by Air UK in
1998. As pressure grows for landing slots at Gatwick, it is feared that
the smaller aircraft used on local routes will be pushed out due to
financial pressures.
|
Telecoms CEO resigns
26 October 00- The CEO of Guernsey Telecoms,
David Coleman has announced a shock resignation. It follows a recent staff
meeting in which Mr Coleman announced that no talks were yet under way
with any major Telecoms operator to run a licensed operation from the
island, despite ten months having elapsed. The meeting took the Telecoms
Board by surpise and led to a hurriedly held meeting to announce that the
licensing project was continuing as planned. |
| Guernsey Joins European Grid
10 November 00- Although first mooted in 1979, it
was not until September 1996, that the States of Guernsey gave approval
for an electricity cable across the sea bed to France and into the
European Grid. Today it became a reality when the link was officially
opened and the first electricity flowed. Around 70% of the island's
electricity will be supplied in this way and next May, the power station
will go to standby for four months in the summer. The £50m cable
link should have a life of at least 25 years and was completed on
schedule and on budget. |
Queen to visit Bailiwick
6 December 00- The Lieutenant Governor has
announced that Her Majesty Queen Elizabeth has accepted an invitation to
visit the Bailiwick next year. The visit will take place on 12th July 2001 and
Her Majesty will be accompanied by HRH Prince Philip. The day is to be
recognised an a public holiday so that school children will have the opportunity of
seeing the Royal couple. This will be their first visit since May 1989 when
the Queen marked the occasion with the official opening and naming of the
new QEII Marina. She first visited the island in 1950. |
| Vat may be introduced
15 Dec 00- It looks increasingly likely that
Guernsey may move towards the introduction of VAT style taxing. A&F
President Laurie Morgan as warned that changes to the current methods of
taxing are inevitable as 80% is currently levied by way of income tax.
This is felt to be too high, particularly in light of falling corporate
tax rates in competitor centres such as the Isle of Man (10%) and Dublin
(12.5%) |
Wettest year for 40 years
2 January 01- We all knew that the latter part of
the year was wet, but the met office have confirmed that it was the
wettest year in Guernsey since 1960. In all 1,054.1mm of rain fell in
2000. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|