{"id":21447,"date":"2013-07-02T11:00:01","date_gmt":"2013-07-02T10:00:01","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=21447"},"modified":"2013-07-02T11:00:01","modified_gmt":"2013-07-02T10:00:01","slug":"its-a-pity-jersey-cant-get-its-numbers-right","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2013\/07\/02\/its-a-pity-jersey-cant-get-its-numbers-right\/","title":{"rendered":"It&#8217;s a pity Jersey can&#8217;t get its numbers right"},"content":{"rendered":"<p>Jersey's\u00a0<a href=\"http:\/\/www.jerseyfinance.je\/media\/JerseyBritian\/Summary%20Report.pdf\" target=\"_blank\">new report on its economic value to the UK <\/a>is an amusing piece of work - not least because it kooks like the\u00a0numbers\u00a0are made up.\u00a0It says of the funds in Jersey:<\/p>\n<blockquote><p>Overall, we estimate that Jersey is custodian of \u00a31.2 trillion of wealth: \u00a3200\u00a0billion in banks; \u00a3400 billion in trusts established by private individuals; \u00a3400\u00a0billion in specialist structures for businesses and institutions; and \u00a3200 billion\u00a0<em id=\"__mceDel\" style=\"font-size: 13px;\"><em id=\"__mceDel\"><em id=\"__mceDel\"><em id=\"__mceDel\">in administered or managed funds.<\/em><\/em><\/em><\/em><\/p><\/blockquote>\n<p>Now let's ignore the fact that some of the cash will represent funds in trusts and the element of double count that is likely there and in the other arrangements, and just concentrate on that bank figure. The report says there ius about \u00a3200 billion in banks. Jersey Finance <a href=\"http:\/\/www.jerseyfinance.je\/media\/Quarterly%20-Statistics\/Quarterly%20Report%20March%202013.pdf\" target=\"_blank\">says in its quarterly\u00a0statistical\u00a0report to March 2013<\/a>:<\/p>\n<blockquote><p>The total value of banking deposits held in Jersey increased by\u00a0\u00a33bn from \u00a3152.1bn to \u00a3155.1bn during the first quarter of 2013.<\/p><\/blockquote>\n<p>It looks like this report can't even get one of the\u00a0simplest\u00a0facts it has to report right.<\/p>\n<p>And Jersey want it to be taken seriously?<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jersey&#8217;s\u00a0new report on its economic value to the UK is an amusing piece of work &#8211; not least because it kooks like the\u00a0numbers\u00a0are made up.\u00a0It<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2013\/07\/02\/its-a-pity-jersey-cant-get-its-numbers-right\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,1],"tags":[],"class_list":["post-21447","post","type-post","status-publish","format-standard","hentry","category-jersey","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/21447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=21447"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/21447\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=21447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=21447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=21447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}