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"Significant" financial rethink for Alderney

Saturday 16 May 2020

"Significant" financial rethink for Alderney

Saturday 16 May 2020


The States of Alderney are "significantly" changing their spending plans to help restart the island's economy after lockdown.

The recovery plan is likely to see a cut in capital spending along with funding from the Bailiwick's emergency financing package.

Some measures have already been put in place, including deferral of commercial rent in States-owned properties and a concession for 2020 mooring fees for commercial fishermen. But, Alderney's Policy & Finance Committee would like input from the rest of the island community on the wider strategy.

States of Alderney

Pictured: A previous meeting of the States of Alderney, who have recently been holding virtual meetings.

"These measures ensure that we are mirroring the States of Guernsey support to business,” said Chairman of the committee, James Dent. "This takes into account significant reductions in income to the States and balances the budget by making savings across the board. So it is important to note that, on current assumptions, we can balance the budget.”

The island's Finance Committee and Committee for Tourism & Economic Development have agreed to work together on the recovery strategy, and have already held their first meeting.

“The recovery plan will need to help to build our economy and community again, once we know how and when the danger of the virus will begin to pass," Mr Dent added.

No cases of corona virus have been identified in Alderney.

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