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Guernsey charities hopeful the amount will keep rising

It is great news that the guaranteed first prize has gone up. Many worthy charities apply to us each year for support; some of these charities can be small and so may find it difficult to gain the exposure that larger charities benefit from, we aim to help as many Guernsey charities as we possibly can with the proceeds from this draw, so buying ticket locally is one way of supporting good causes and being in with a chance to win one of the big prizes as well.

– Malcolm Woodhams, Association of Guernsey Charities

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New Guernsey Finance Chief Executive is named

The Board of Guernsey Finance has announced that Dominic Wheatley will be appointed as Chief Executive.

He will take up the role on the 1st December, replacing Fiona Le Poidevin, whose resignation was announced in July.

Mr Wheatley has more than 25 years experience in the international financial services market in the UK and Guernsey, most recently as Managing Director of Willis Management (Guernsey) Limited.

He also served as Chairman of the Guernsey International Business Association (GIBA) - the representative body of the financial services industry in Guernsey - from 2011 to 2013.

This is a very important phase in the development of the Island's economy and the promotion of our finance industry is a key part of that.

I am really looking forward to joining the Guernsey Finance team and working with them to ensure the continuing success of Guernsey as a leading international finance centre.

I feel particularly privileged to be taking charge of the next chapter in its development as we build on the progress already made and continue with the strategy of protecting our core markets of the UK and wider Europe, as well as promoting the Guernsey brand in new markets such as China and Latin America.

– Dominic Wheatley

That excitement was mirrored by the Chairman of Guernsey Finance:

He has a wealth of knowledge and expertise within the financial services industry both locally and internationally and a strong record of international marketing.

We look forward to the contribution he will make to the organisation going forward.

Having served as the Chairman of GIIA and most notably GIBA, Dominic is well versed in representing the interests of all sectors of Guernseys finance industry.

His previous service as a Director of Guernsey Finance also means that Dominic already has a good understanding of the organisations core values, objectives and strategies.

– Jim Gilligan, Chairman of Guernsey Finance

Guernsey harbour charges on the rise

Credit: /Eye Ubiquitous/Press Association Images

Plans for new charges at Guernsey harbours are to be unveiled later today.

Prices will be on the rise as a result of the current decline in their usage and are deemed vital to ensure the sustainability of the harbours in the future.

Guernsey is Europe's largest tender port for cruise liners, with cruise ship passengers injecting £5m annually into Guernsey's economy.

Guernsey Harbours will be seeking the view of the Bailiwick's public at a meeting this morning on the proposed changes to pricing at St Peter Port and St Sampson's.

98% of all freight coming into the island goes through Guernsey Harbours, who deliver 330,000 tonnes of lifeline supplies to the Bailiwick every year.

Review into government cost-cutting programme in Guernsey

A review is being launched into a five year government-wide cost-cutting programme in Guernsey.

The Public Accounts Committee (PAC) has today launched a review into the major savings achieved within the Financial Transformation Programme (FTP).

The States' own spending watchdog says its concerned that some savings may not be delivering what they promised.

The aim of the PAC Review is to analyse the costs and claimed benefits for a sample of FTP projects to provide assurance that the savings are true, fair and sustainable.

An external agency will work in partnership with the PAC to complete the Review which will focus primarily on an appraisal of the Benefit Management Process.

Given the scale of this programme, together with the public and political concerns that have been expressed in recent weeks, it is now essential that PAC independently reviews the major savings claimed by the FTP so far.

This Review will hopefully provide assurance that the FTP has resulted in genuine ongoing financial benefits within the States of Guernsey.

Depending on the outcome of this Review, further investigations on individual projects and other aspects of this programme may occur in due course.

– Deputy Heidi Soulsby, PAC Chairman

The PAC expects that an initial report will be completed by the end of 2014.

Deputy Heidi Soulsby from the Public Accounts Committee...

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Jersey given $2.5m for helping prosecute fraudster

Credit: Eva Fisher/DPA/Press Association Images

Jersey has been given $2.5m from the United States government for its help in prosecuting a fraudster who ran a multi-million dollar illegal betting business.

Officials from the US embassy in London visited the island earlier this month to hand a cheque to Attorney General Tim Le Cocq. Jersey assisted an international investigation into the activities of American Gary Kaplan, who was sent to prison for four years in November 2009 and ordered to hand over $50m to the US authorities.

The funds given to Jersey will be paid into the island's Criminal Offences Confiscation Fund, which pays for projects to fight crime.

Kaplan founded the now-defunct internet gambling company BetOnSports, which broke numerous US anti-corruption laws.

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Watch: Youngsters react to benefits axe

Benefits for young islanders in Guernsey are being axed in a move to keep more students in school.

The Education Department says it won't pay 16 and 17 year olds supplementary benefit anymore. It has moved the minimum age for claiming to 18. Those younger will be treated as dependents so they're parents can receive extra help.

Guernsey's supplementary benefit stopped for 16 and 17 year olds

16 and 17-year-olds in Guernsey will no longer be able to claim supplementary benefit.

Social Security is stopping the payment except in exceptional circumstances.

It is to encourage more people to stay in education.

We know that many young people leave school before they are 18 and move straight into work. But, we are increasing the age at which a person can claim supplementary benefit in their own right to encourage those young people without work to remain in education as we believe that this will improve their chances of finding work. We know that despite this law change, some young people aged 16 and 17 will leave education without having a job and although they won’t get a cash benefit, we still want them to use the Job Centre services to help them find work.

– Deputy Allister Langlois, Social Security Minister

Social Security has written to all families currently claiming supplementary benefit with children who might have left school or college this summer to make them aware of this law change.

There are also cases where help will still be given. These are if a 16 or 17 year old who has left school and is unemployed and being supported by a parent in receipt of supplementary benefit. They will then be treated as a dependent in that family which means that the cash benefit for that young person will be paid direct to their parents.

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