Latest news with #CharlesParkinson
BBC News
22-03-2025
- Business
- BBC News
Three States of Guernsey companies to be commercialised
Guernsey Water, Guernsey Ports and States Works are to be from the States' Trading Supervisory Board have now been agreed, meaning the businesses will remain wholly States-owned but with less political involvement in their day-to-day president of the STSB, Deputy Charles Parkinson, said there were benefits to the changes, as demonstrated by the incorporation of Guernsey Post and Guernsey the chamber, Deputy Parkinson said: "Incorporation has allowed those businesses to operate more commercially, with greater agility and a more customer-focused approach, and to make better use of all the assets at their disposal." Deputy Parkinson said that the incorporated businesses have also been able to support "the States' wider economic, social and environmental policy objectives".The arrangement has been in place for Guernsey Electricity and Guernsey Post for the past 20 to the States of Guernsey's latest budget report, external, unincorporated trading entities should raise sufficient revenues to fund all of their Water is due to be the first of the three businesses to be incorporated, with the target being the start of STSB has been directed to report back to the States by the end of next year with more detailed proposals.
BBC News
18-02-2025
- Business
- BBC News
More States of Guernsey companies could become independent
Guernsey Water, Guernsey Ports and States Works could be commercialised to give them more operational independence, if proposals are agreed by plans from the States Trading Supervisory Board, they would remain wholly States-owned but with less political involvement in their day-to-day of the committee, Deputy Charles Parkinson said: "We noticed that the incorporated businesses function much better."Guernsey Post and Guernsey Electricity are very successful for example and Guernsey Water, which is at the moment unincorporated, is well-run but we think it would be even better run if it was incorporated." The three businesses already operate commercially, but to all intents and purposes are still States-run operations. It means that a number of functions are provided centrally by the civil service, including recruitment, HR, and new proposed arrangement has been in place for Guernsey Electricity and Guernsey Post for the past 20 to the States of Guernsey's latest budget report, unincorporated trading entities should raise sufficient revenues to fund all their expenditure. However, they note that the only trading asset to be consistently recording a surplus is States States members give approval, Guernsey Water would be the next business to be incorporated, with the target being the start of Ports, which operates the harbours and airport, and States Works would follow at a later proposals are expected to be debated in passed, STSB would be directed to report back to the States by the end of next year with more detailed proposals.
