In real terms the economy has shrunk over the past 20 years. This must be reversed. We now need to focus on productivity, protect and grow our economy. The focus must be on developing a Jersey appropriate approach to regulation, ensuring that high standards are maintained, but ensuring that a practical approach is applied, particularly for small and medium sized local businesses:

• Provide incentives for start ups through tax breaks and swifter processing of administration

• Support Community Savings bank to enhance its online services to include banking for start ups

• Reduce red tape, particularly for small and medium size businesses. 

• Change the definition of a small business to 20 employees or under. 

• Extend the temporary licence period for hospitality workers 

• Identify new sites for hotels, attractions and light industry. 

Cost of living

In order for our economy to thrive, we must ensure that Jersey is a desirable place for islanders to live and contribute to the economy.

To achieve this we must protect islanders from increasing taxes or charges by restraining the cost of government where possible. Consider the impact of government monopolising construction capacity on its availability for smaller and individually led projects. Ensure that support schemes are targeted towards those who are most impacted rather than offering a windfall for those who do not require assistance:

• Deliver targeted measures to assist low and middle income households with rising costs before Winter. 

• Work with the Jersey Competition & Regulartory Authority and Jersey Business to ensure the most competitive prices, particularly across food, transport and construction costs

• Use the additional GST revenue from higher prices to make temporary reductions to some duties, such as fuel.

• Working with JEC transition households away from oil and gas forced heating

•  Offer free period products through pharmacy prescribing.