21/10/2016 Channel Islands News


21/10/2016

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A States of Jersey fund is being investigated after lending

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nearly ?0.5 million of publhc money to a company that's

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An executive who was connected with the company has exclushvely

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told the BBC there was alwaxs a high chance it would fail.

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The fund is currently suspended while it's under review.

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The start-up company that took ?400,000 of public

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The software firm Logfiller Limited got a loan

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But the company's now gone, along with the money.

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Well, the States set up the Jersey Innovation Fund

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three years ago to invest in new businesses.

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It's lent money to various projects, including ?400,000

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to Logfiller Limited earlier this year.

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But this week, it was revealed Logfiller is being

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The large majority of the ftnding was absorbed through the employment

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I don't know what the criteria were by which the States of Jersey

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made the decision but it is certainly a common and sound

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principle to back promising technology that eventually

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The execution of the details is where many of these very well

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So should the States be takhng such risks with public money?

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That issue's currently under investigation.

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We want to make quite sure that all the checks and balances are done

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that can be done to ensure `s much probity as possible and as luch

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examination is done as posshble to ensure that such investmdnts

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are as sound as they possibly can be.

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The politician who oversees the fund wasn't available to speak to us

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today but said in a statement that a number of actions have bedn taken,

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including instructing a loc`l insolvency practice to do whatever

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necessary to protect the States' interests.

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And that the States has madd provision for default.

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Whatever the provisions, the investigation into the fund

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will question whether the States should be gambling with public

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The cost of living in Jersex has risen almost double than Gudrnsey.

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Official figures out in both islands today show that the rate

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of inflation rose to 1.1% in Guernsey where as in Jersey it

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rose by 2% - the highest increase since 2012.

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Cleaning, phone bills and g`rdening services have all driven up the cost

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But it seems the 3% hike in rental prices is causing

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A lot of our population are currently enduring ment`l stress

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where it becomes really that they do not have anythhng left

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after covering the red at the end of the

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day, so we have more islanddrs with rental stress combined with

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increasing energy costs and increasing motoring cost and

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increasing fuel costs and it is a very worrying statistic.

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So what other costs are worrying islanders?

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Cos you have to eat it all the time actually so yes food.

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Food and clothes, even to go to the doctor is more expensive

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Sugar, bread and fresh meat, with beef in particular seehng

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a decrease in price over the past year.

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We've done it through running specials on beef recently

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but unless all the retailers react in the same way then

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Not all retailers have put their prices down

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for the customers to see, oh, it's got cheaper.

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So certainly you're finding things on special offer in supermarkets

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and butchers now that wouldn't be previously they'd be classed

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And with more increases on the cards with the budget debate in Ddcember -

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the shadow of price rises m`y be cast over islanders

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Industry leaders are calling for a change in approach to the taxes

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Representatives from the Gudrnsey Motor Trades Association have met

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with Deputies ahead of next month's budget debate.

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They're concerned that the current system is too fragmented,

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and say that simply increashng taxes on fuel isn't

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We've got registration fees, we ve got mission tax but only on cars for

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the first time. It is time to look at what is trying to be achheved in

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regard to funds and how you administer it. Without saying we

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have the answer, what we ard saying, review is definitely needed

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otherwise fuel prices will spiral. Jersey Police have launched

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a new website in a bid 73 cases have been reported

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in the island since April 2015, but officers believe more whll come

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forward now they've teamed up with True Vision -

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an online site which is used It has a Jersey page for victims

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and witnesses to report Hate crime is not just a problem

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for the police and the victhms. It is a community issue and needs

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to be tackled by the communhty, so by allowing that third-p`rty

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reporting gives more opporttnities for us to better understand

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the nature of the issue. In tonight's rugby, Jersey Reds

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ended their recent series of losses with a big 49-12 win over

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Cardiff Blues in the The Reds scored seven tries

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to end their run of five Jersey forwards coach Alex Rae

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played the whole match after coming out of retiremdnt

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because of an injury Let s take a look at the wedkend

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weather with David Braine. Thank you. Hello, good evenhng. We

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have a bit of interruption to our stock weather pattern. Quitd a

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breeze developing on Sunday. Mostly fine at first, the winds increasing

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through Sunday, the risk of a few showers, some tomorrow mornhng and

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more on Sunday. Why the change? We still have the same area of low

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pressure but down across thd more western parts of Spain and Portugal

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is a developing area of low pressure that wants to become closer through

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the weekend, it squeezes through the ice bars and gives a strong wind on

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strong day as well as throwhng a lot of cloud which has the potential for

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rain, then it is also out on Monday and Tuesday next week. The lain

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story is a dry cold one overnight tonight but there is still the

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possible deal of the board hsolated shower and temperatures down to 8

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degrees. For tomorrow, we'vd got the mixture of patchy cloud and sunny

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spells. The cloud is thick dnough to generate a shower, mostly in the

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morning, the afternoon looks brighter. Showers is not more

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persistent rain are possibld across Spain and Portugal and more

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widespread acre cloud in central and eastern parts of France. For us

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after we get through Monday, it gets warmer and brighter. Have a nice

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weekend. That's it from us. Have a good

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weekend. Goodbye. sunshine to be enjoyed. Louise Lear

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has the national forecast now though.

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Good evening. Heading off to bed wondering what is in store for the

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weekend? Pretty much what we have seen this week. Today we had a fair

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amount of cloud around and a few showers coming in off the North Sea

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coast. Topping and tailing the country, there was some beautiful

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spells of sunshine. It was glorious in the Shetland aisles this

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afternoon and down towards Cornwall as well. As for the weekend, it

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could start off on a chilly note with some patchy fog and frost, but

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then hopefully we should see some sunny spells coming through. The

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showers always likely to be out towards the east. The showers

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continuing this evening and overnight. Further west under

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clearer skies yet again, we could see the temperatures falling away

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