
Cost of new laws 'will see Guernsey landlords sell up'
The Housing Standards laws were designed to ensure rental homes are safe and fit for purpose.The law states the minimum standards for rental accommodation should ensure buildings are structurally sound and comply with fire safety requirements as well as providing safe drinking water.Landlords will be required to ensure electrical installations are tested every five years and oil and gas installations are checked annually."Guernsey is a high cost for rental and that's reflected because of the high cost of property," said Mr Guilbert. "All these things, if we have to implement them, are just going to push the cost up."Mr Guilbert said he worried about the "availability of people to carry out the checks".He said he felt private landlords were being unfairly targeted."It technically applies to the private owner-occupier. I don't think any checks will be done on them."
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Daily Mail
42 minutes ago
- Daily Mail
US woes slam brakes on Jaguar Land Rover as carmaker blames phasing out of older models
Jaguar Land Rover (JLR) sales have slid sharply over the past three months. A temporary pause in exports to the US and the planned wind-down of older Jaguar models have been blamed. The car maker revealed that retail sales slid by 15.1 per cent to 94,420 units over the three months to June. Meanwhile, wholesale sales dropped by 10.7 per cent to 87,286 units compared with a year earlier. The company said the significant fall in sales was partly driven by the pause in shipments to the US in April after Donald Trump's administration introduced tariff plans. Wholesale sales in North America dropped by 12.2 per cent year-on-year after the pause, JLR said. They plunged by 25.5 per cent in the UK after the market was particularly hit by the 'planned cessation of the legacy Jaguar models'.


Daily Mail
42 minutes ago
- Daily Mail
Sales surge at Footasylum as young shoppers defy economic conditions to splash out on top brands
Sales and profits surged at Footasylum as younger shoppers turned to top brands despite a 'challenging' economic environment. The Rochdale-based shoes and clothing chain reported a record financial performance in the year to the end of January. Revenues totalled £350million over the period, about 9 per cent higher than the previous year. Profit nearly tripled from £6million last year to £17.2million over the latest financial year, the firm said. Footasylum claimed this was driven by both store and online sales increasing, while sales of its exclusive brands – items which are only available through the retailer – doubled year-on-year. Footasylum's key customer base are Generation Z shoppers, who the retailer has said typically prioritise spending on fashion, embrace new trends, and regularly shop through digital channels.


Daily Mail
42 minutes ago
- Daily Mail
Labour acting like communist China: Lloyds boss blasts Reeves over shake-up of pensions
Lloyds Bank's boss has likened Labour's plans for pensions to 'capital control' policies in communist China. Charlie Nunn compared the idea of forcing pension funds to invest in UK assets with the approach of repressive regimes such as Beijing. The caustic comments from the chief executive of Britain's biggest mortgage lender pile further pressure on Chancellor Rachel Reeves ahead of her Mansion House speech to the City next week. Ministers are seeking voluntary agreements with retirement funds to invest in UK assets such as infrastructure and housing, but will create 'backstop' powers to mandate them to do so. But Nunn told the Financial Times that mandation would put funds in conflict with their fiduciary duty to seek the best returns for pensioners. He said: 'Mandating allocations of pension funds is a form of capital control. 'I have spent ten years of my working life in China and many jurisdictions where there are capital controls. That is a different model and that is a difficult slope for an economy that believes it is an open economy.' The Government's plans to give itself powers to force funds to invest in the UK have already been described as a 'step too far' with a number of experts lining up to criticise them. But Nunn is the most senior to do so. Lloyds has already shown a reluctance to sign up to Labour's plans on pensions. Its Scottish Widows arm declined to join an agreement by 17 other retirement providers to invest at least 5 per cent of their default funds in private market assets. And it emerged last month that Scottish Widows was preparing to cut its exposure to UK equities. Nunn yesterday also offered scepticism on another key policy expected to be laid out at the Mansion House speech – that the cash allowance for tax-free Isa savings will be reduced from £20,000. The idea would encourage savers to put more money into Stocks and Shares Isas instead. Nunn told the FT: 'Everyone gets tied up in the cash Isa debate, which is relevant for a few rich people if we are honest about it. 'But that's not where the problem is, that's not the way to turn around the economy.' The comments add to the growing sense that after a year of a Labour government, business leaders are losing patience with the party that before the election had wooed the corporate world with a smoked salmon and scrambled egg charm offensive. Many are now feeling the impact of a damaging £25billion raid on employer national insurance – announced in last autumn's Budget – which came into force in April. The effects of the policy, which is effectively a tax on jobs, are coming through in the shape of fewer jobs, lower pay and reduced investment. But as the Government's precarious finances deteriorate further – thanks to U-turns over plans to cut welfare spending and new commitments to splash out on defence – fears are growing that Labour will return with a fresh tax grab this autumn. Among those to raise the alarm are Currys chief executive Alex Baldock, who last week warned the Government to 'think very carefully before they make the situation any worse'. And Santander UK boss Mike Regnier said that a tax raid on banks threatens to hobble growth. A Treasury spokesman said pension reforms 'will unlock billions for the UK economy, supporting businesses to grow and creating well-paid jobs across the country'.