Another sign that Jersey is having a tough time and has no chance of balancing its budget in future: major local law firm Ogier has made 17 staff redundant.
They offer excuses.
But no one does this when business is booming.
And that’s the last thing that’s happening in Jersey right now.
Time for them to develop plan B I think.
Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:
You can subscribe to this blog's daily email here.
And if you would like to support this blog you can, here:
This is just a drop in the bucket compared to when the revised EU savings tax effectively shuts down financial services Jersey… Oops, I forget that Jersey mainly provides services to Sheiks, Latin Americans, East Indians and wealthy South Africans 😯
Dont get too excited, a lot of law work can now be done in India, or cheaper labour brought in. Keep watching.
Yes, Jersey firms will even arrange outsourced legal work to be done in India: http://www.legalweek.com/legal-week/news/1356926/rio-tinto-seals-deal-outsource-legal-india
Mark,
You seem more excited about the EUSD than is healthy. It really won’t make any difference. Though by the time that becomes apparant you will, no doubt, be claiming that the next change will shut Jersey down. Truth is, Jersey does well because it is entrepreneurial, stable and well regulated, and levies tax at a sensible amount that is socially responsible and just.