FAQ

Jersey's economy

Jersey’s economy is struggling under the weight of excessive public debt and high taxes. Mounting borrowing costs are draining resources from essential services and undermining financial stability. Without urgent fiscal discipline, the island’s long-term prosperity is at serious risk.

How is the financial sector?

The financial sector is strong but facing challenges.

What are the main economic challenges?

Challenges include rising costs, including motoring and food.

A no parking policy in St Helier is seriously affecting business, forcing shoppers online. Whilst top of the list is excessive food inflation and government waste.

Is tourism important for Jersey?

Yes, tourism significantly boosts the local economy and needs urgent support.

What about local businesses?

Small local businesses are vital for economic growth.