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Thursday, 27 October 2011

"Is There Anything Left?"

‘Dip into the rainy day fund’

Deputy Geoff Southern
Deputy Geoff Southern
AN extra £20 million could be pumped into Jersey’s struggling economy next year if new proposals are agreed by the States.

Deputy Geoff Southern has called for the money to be withdrawn from States Strategic Reserve account – known as the rainy day fund – and used to create and safeguard jobs during 2012.
The Deputy hopes that the money will be used in a similar way to the £44 million which has been withdrawn from another States reserve account to stimulate the economy over the last three years.
The money has been used to fund major construction work, bring forward housing refurbishment projects and to help Islanders retrain and develop new skills.

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