{"id":633,"date":"2007-05-18T10:55:14","date_gmt":"2007-05-18T08:55:14","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/2007\/05\/18\/jersey-seeking-to-defer-the-fateful-day\/"},"modified":"2007-05-18T10:55:14","modified_gmt":"2007-05-18T08:55:14","slug":"jersey-seeking-to-defer-the-fateful-day","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2007\/05\/18\/jersey-seeking-to-defer-the-fateful-day\/","title":{"rendered":"Jersey &#8211; seeking to defer the fateful day"},"content":{"rendered":"<p>The <a href=\"http:\/\/www.thisisjersey.com\/news\/news1.html\" target=\"_blank\">Jersey Evening Post<\/a> has reported that two hospitals on Jersey are to be sold for development.<\/p>\n<p>The States is facing a deficit of around <a href=\"http:\/\/www.taxresearch.org.uk\/Blog\/2007\/01\/24\/jersey-beginning-to-sink\/\">\u00a3100 million<\/a> a year when it introduces 0\/10 tax. The only way to plug the gap in the short term is to sell the family silver. Attempts to make <a href=\"http:\/\/www.thisisjersey.com\/news\/news2.html\" target=\"_blank\">savings<\/a> have failed. That's unsurprising. Jersey has the second lowest government spend rate in an OECD related area, but its people want the high standards of living that <span style=\"TEXT-DECORATION: underline\">only<\/span> state spending can supply.<\/p>\n<p>So the policy is to sell assets, including Jersey Telecom, the airport and anything else that moves. That may keep the current political incumbents out of trouble. But what happens in a few years time? Jersey will still be bust. They're simply putting off the fateful day.<\/p>\n<p>--------<\/p>\n<p>Incidentally, the link may work for a day or two after this blog has posted, and then the JEP reuses its web addresses - possibly the only people on earth who have not found reason to use permalinks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Jersey Evening Post has reported that two hospitals on Jersey are to be sold for development. The States is facing a deficit of around<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2007\/05\/18\/jersey-seeking-to-defer-the-fateful-day\/\"><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],"tags":[],"class_list":["post-633","post","type-post","status-publish","format-standard","hentry","category-jersey"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/633","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=633"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/633\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}