Latest news with #States of Guernsey
BBC News
5 days ago
- Business
- BBC News
Reform needed to halt rent rises
Business leaders have called for planning reform to help halt the rising cost of rental properties in Hemans from Guernsey's Institute of Directors reacted to new figures from the States of Guernsey on the price of local properties. He said: "without accelerated planning reform, expanded housing committee action and the rapid scaling of supply, price pressures and rental inflation will remain structurally entrenched."Earlier this week the States revealed the cost of an average local market home had risen to £596,573, 2.8% higher than the previous quarter. The report said rents have continued to rise to £2,075 per month between April and June, which was 0.3% higher than the previous quarter, 5.3% higher than the second quarter of 2024 and 50.8% higher than five years Hemans said rental costs remained "painful.""Rents are likely rising faster than wages in Guernsey, pushing housing costs further out of reach for many and contributing to the island's persistently high inflation rate."
BBC News
02-08-2025
- Business
- BBC News
Guernsey's digital sector has 'untapped potential'
Guernsey could boost its economy by £150m a year if it matched the digital productivity of similar-sized locations, researchers have suggested.A study conducted by PricewaterhouseCoopers (PwC) for the States of Guernsey said there was "untapped potential" in the sector's output across the island's said Guernsey's digital sector had solid foundations with £120m currently generated a year, but bringing the industry in line with comparable jurisdictions such as Luxembourg could see this figure jump up to £ added with the right investment, support and focus, the sector could drive the island's economic growth. The report said priorities to boost Guernsey's digital sector included enhancing support services, to bring digital literacy into schools and offering grants and incentives to boost research, ideas and innovation."The time to act is now," PwC said in its report."As we have seen [previously] in our Boosting the Channel Islands Workforce report, Guernsey's ageing population will increasingly be a drag on prosperity."Investing in a thriving digital economy could help alleviate this and yield a much needed digital dividend."
