{"id":281427,"date":"2025-11-24T23:04:08","date_gmt":"2025-11-24T23:04:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/281427\/"},"modified":"2025-11-24T23:04:08","modified_gmt":"2025-11-24T23:04:08","slug":"jersey-reveals-plans-to-boost-financial-competitiveness","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/281427\/","title":{"rendered":"Jersey reveals plans to ‘boost financial competitiveness’"},"content":{"rendered":"

Gorst warned in July <\/a>that the island’s finance sector would decline if it did not become more competitive.<\/p>\n

The government said the Competitiveness Programme was a joint project with Jersey Finance, the Jersey Financial Services Commission and industry partners. <\/p>\n

It said it was an attempt to find new ways to strengthen and grow the sector during the next decade. <\/p>\n

The government said some of the initiatives implemented were recommended in a review of Jersey’s financial services industry by global consultancy firm McKinsey. <\/p>\n

Gorst said “with so much change and innovation in the industry across the globe, it is no longer a privilege for financial services businesses to operate in Jersey”.<\/p>\n

“It is now Jersey’s privilege to serve them.<\/p>\n

“So we must ensure that everyone from government to Jersey Finance Limited, the regulator and industry are all pulling together to give businesses a reason to choose Jersey.<\/p>\n

“I am confident that the Competitiveness Programme will do just that,” he said.<\/p>\n

The government said key initiatives included:<\/p>\n

Developing plans to bring together a core team of officers to monitor global market trends and ensure any policy changes required are done quickly to put the island on the front foot<\/p>\n

Developing proposals for a new concierge service to make it easier for new businesses to set up in Jersey<\/p>\n

Strengthening the island’s targeted international engagement programme to reinforce Jersey’s presence in key markets<\/p>\n

Conducting a 12-week review of the Jersey Financial Services Commission’s enabling law and memorandum of understanding to clarify Jersey’s risk appetite for emerging sectors such digital assets<\/p>\n

Advancing tax policy enhancements, including updates to incentives and a review of personal income tax residence rules <\/p>\n","protected":false},"excerpt":{"rendered":"Gorst warned in July that the island’s finance sector would decline if it did not become more competitive.…\n","protected":false},"author":2,"featured_media":281428,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":{"0":"post-281427","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-uk","11":"tag-united-kingdom","12":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/281427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=281427"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/281427\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/281428"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=281427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=281427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=281427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}