:00:00. > 3:59:59Gove and Labour's Brexit Secretary Kier Starmer as well. Join me now on
:00:00. > :00:19.An increasing islanders living their BBC Two. That's Newsnight
:00:20. > :00:29.An increasing islanders living their in high-risk investments. Totally
:00:30. > :00:32.devastating. We lost our marriage and we also lost the bungalow we
:00:33. > :00:34.originally built up at St John's. Good evening and welcome to the late
:00:35. > :00:37.news from BBC Channel Islands. Getting on to the property ladder
:00:38. > :00:42.could be easier for first There's been an increase
:00:43. > :00:53.in the number people in Jersey losing money
:00:54. > :00:55.through high-risk investments. That's according to the island's
:00:56. > :00:57.financial regulator, which has seen 150 victims
:00:58. > :01:03.in the past ten years. They include people who lost tens,
:01:04. > :01:06.or even hundreds of thousands Luxmy Gopal has been
:01:07. > :01:13.speaking to those affected. It just devastated everything,
:01:14. > :01:23.Geraldine and I moved apart, lost the marriage, lost the bungalow
:01:24. > :01:28.we'd built up at St John's - because we were no longer,
:01:29. > :01:32.together we had to sell it. And the other thing
:01:33. > :01:35.is we lost our pension fund. Alan's now back on his
:01:36. > :01:38.feet in a new business. But ten years ago he was one of 50
:01:39. > :01:41.people who lost money It was run by Jersey-based
:01:42. > :01:58.financial advisors, including The regulator is campaigning to stop
:01:59. > :02:00.other people losing their life savings. It has brought a UK group
:02:01. > :02:09.to spread the message. The advice really is don't put
:02:10. > :02:12.all your eggs in one basket. Don't be over reliant on one
:02:13. > :02:14.investment strategy, as tempting as that might be,
:02:15. > :02:16.especially if they're offering the potential of high
:02:17. > :02:18.returns for low risk. Like many victims, Alan
:02:19. > :02:22.has learnt that now, You do feel a little bit bitter,
:02:23. > :02:34.very bitter, and you never forget It is heartbreaking to lose
:02:35. > :02:39.everything you have worked for all these years. I suppose eventually I
:02:40. > :02:43.will trust people again but when that will be ideal not know. -- I do
:02:44. > :02:49.not know full dash. --. Well, earlier I spoke
:02:50. > :02:51.to the Director General of the Jersey Financial Services
:02:52. > :02:53.Commission, John Harris. I asked why people are being caught
:02:54. > :02:59.out by investment schemes. Interest rates are very low, people
:03:00. > :03:02.are not getting money through the banks, people are coming for money
:03:03. > :03:05.from inheritance and things like that. People are looking for a
:03:06. > :03:10.long-term home for savings and getting a return. In a lot of ways
:03:11. > :03:15.that is very good but in some cases it can be disastrous if things go
:03:16. > :03:20.wrong. By the nature of it, it is high risk. You could make a lot of
:03:21. > :03:24.money and you could lose money. Yes, but what I think we are trying to do
:03:25. > :03:28.is repeat the message handed down by our grandmothers, if it is high
:03:29. > :03:32.return inevitably it means high risk, you have to be aware of that
:03:33. > :03:34.risk. If it is high risk and you have identified that, please do not
:03:35. > :03:40.put all of your eggs in one basket. Drugs with a street value
:03:41. > :03:42.of ?1.1 million were seized 64 kilos of cannabis resin was found
:03:43. > :03:47.in the roof lining of a Mini Cooper which had travelled over
:03:48. > :03:49.to the island on the Commodore 29-year-old Shane Lee Ray
:03:50. > :03:55.from High Wycombe appeared at Jersey Magistrates Court this
:03:56. > :03:57.morning, charged with importation There could be new help
:03:58. > :04:02.for people trying to get A new business has been
:04:03. > :04:09.given the green light to offer 95% mortgages -
:04:10. > :04:12.giving people in Guernsey similar financial products to those
:04:13. > :04:15.available in the UK. But as Mike Wilkins reports,
:04:16. > :04:18.it's not just for people looking After 50 years in this house,
:04:19. > :04:24.Dorothy Paint's looking to move. But owing to her age,
:04:25. > :04:27.banks won't lend to her. You know, this is a
:04:28. > :04:36.couple of years ago. We went to the banks
:04:37. > :04:38.but they didn't want to But now this man's company has got
:04:39. > :04:45.approval to operate a business lending to those aged over 65,
:04:46. > :04:48.as well as offering 95% mortgages We will be helping first-time
:04:49. > :04:56.buyers with a 95% loan- to value product with banks
:04:57. > :05:00.of mum and dad providing additional guarantees,
:05:01. > :05:03.and a lending product. We will be helping those aged 65-89,
:05:04. > :05:05.and my understanding is there are no present lenders
:05:06. > :05:09.in Guernsey doing that. House prices have fallen
:05:10. > :05:12.since the end of 2014, with the island at times
:05:13. > :05:14.experiencing the lowest number Sales recovered last year and rose
:05:15. > :05:21.by 25% but the market I asked Mr Welch about the risks
:05:22. > :05:26.of people investing Is there a bit of a risk that some
:05:27. > :05:33.people could end up going into negative equity if they took
:05:34. > :05:36.a mortgage with you and the house We cannot control the property
:05:37. > :05:45.market and Brexit, there are so many uncertainties on today's
:05:46. > :05:48.world that nobody can predict where But if we make sure that
:05:49. > :05:52.people are assessed properly and a sensible,
:05:53. > :05:55.balanced approach, it should be OK. It's unclear what this
:05:56. > :05:56.year will hold. But with new favourable document
:05:57. > :06:00.duty rates for the lower and middle sections of the housing market,
:06:01. > :06:02.and now new mortgage products, 2017 may see a recovery
:06:03. > :06:09.in the island's property fortunes. The Channel Islands
:06:10. > :06:11.will have a new 'eye Channel Islands Air Search
:06:12. > :06:16.say their new aircraft, which was due at the end of last
:06:17. > :06:19.year, has been held This temporary aircraft has been
:06:20. > :06:25.used for the last three years, while ?2 million was raised
:06:26. > :06:27.for a new, state of the art replacement now
:06:28. > :06:38.due to arrive in July. We have got a whole new range of
:06:39. > :06:41.agreement on board and a much more powerful one on camera which we have
:06:42. > :06:45.linked to a management system to plot where the camera has been. We
:06:46. > :06:51.can tell it where we want it to look when it has taken. We can programme
:06:52. > :06:53.it into the system and when we have taken it off the camera will be
:06:54. > :06:58.looking at that particular point. A new recycling centre built in part
:06:59. > :07:00.from reclaimed materials The site at La Collette replaces
:07:01. > :07:04.the old centre at Bellozanne. It's hoped the project,
:07:05. > :07:06.which cost just over ?3 million, will encourage more islanders
:07:07. > :07:08.to recycle, as Jessica Jersey's new recycling centre
:07:09. > :07:15.opened its gates this morning. The site before was a very small
:07:16. > :07:37.site, it required people to do a lot So this is a drive-through site,
:07:38. > :07:41.which should make it a lot easier Jersey currently recycles
:07:42. > :07:44.around 30% of its waste. Quite a long way behind Guernsey,
:07:45. > :07:46.which recycles 50%. It's hoped the new centre will help
:07:47. > :07:49.the Island meet its target, So what do locals
:07:50. > :07:53.think of the new site? The previous one was
:07:54. > :08:00.past its sell by date! It encourages you to want to use
:08:01. > :08:03.it, look after your environment. They could do with
:08:04. > :08:11.improving the signposting, as you drive along you
:08:12. > :08:15.are not quite sure way to go. Parish leaders are also
:08:16. > :08:22.being urged to play their part. We would ask other parishes that
:08:23. > :08:26.are not currently doing We provide the infrastructure in
:08:27. > :08:32.terms of that, boxes and bags, so we And it's not just rubbish
:08:33. > :08:35.that can be re-used.... The old Bellozanne site
:08:36. > :08:37.is going to become part And in BBC Guernsey's Breakfast
:08:38. > :08:47.programme tomorrow with Jim Cathcart the latest costs for disposing
:08:48. > :08:49.of Guernsey's waste It's been a wet weekend and once
:08:50. > :08:58.again the high winds affected some sailings in the islands,
:08:59. > :09:11.so as the week starts what can Good evening. A new week of whether
:09:12. > :09:15.and what does that have in store? Quite a cloudy day across the
:09:16. > :09:21.Islands. Mainly dry, a cloudy start, a lot of Cloud today. When it clears
:09:22. > :09:25.up I think who will have bright spells towards the end of the week.
:09:26. > :09:32.Noticeably cooler and a risk of frost. A lot of cloud across all of
:09:33. > :09:36.the UK today. Some breaks but a spell of rain at times. Cloudy and
:09:37. > :09:41.damp today. Going through the week we will see high-pressure edging
:09:42. > :09:44.across from the East. Bringing cold air from the continent across the
:09:45. > :09:50.Islands. A lot of cloud breaking up on Tuesday but by Wednesday we start
:09:51. > :09:54.to see much colder air settling in. More sunshine on Wednesday, Thursday
:09:55. > :09:59.and Friday. Light wind as well but with colder air you will notice
:10:00. > :10:02.dropping temperatures. Particularly on Thursday and Friday, while we
:10:03. > :10:06.will have very little change in the day, we run the risk in the evening
:10:07. > :10:12.of some frost, particularly Friday night into Saturday. That continues
:10:13. > :10:17.through the weekend, staying largely dry. A bit of rain out there right
:10:18. > :10:21.now. Mainly light and patchy but for many a damp and drizzly night. It
:10:22. > :10:25.should be frost free and temperature down to three degrees. A grey day
:10:26. > :10:31.tomorrow and it will quite quickly improve. Rain tending to ease up and
:10:32. > :10:34.a lot of sunshine. Cold air is feeding in and you can see the
:10:35. > :10:38.difference with the temperature dropping five or 6 degrees from what
:10:39. > :10:42.we had today. Despite the sunshine, it will feel a little bit colder.
:10:43. > :10:46.That is setting the scene for the rest of the week. Plenty of sunshine
:10:47. > :10:50.for tomorrow. The wind picking up in the middle part of the week but
:10:51. > :10:53.particularly towards the end we risk overnight frost. Looking a bit
:10:54. > :10:56.chilly. That's your news this Monday
:10:57. > :10:58.evening, BBC Radio Guernsey and Jersey will have bulletins
:10:59. > :11:07.from six tomorrow morning and I'll perhaps a little milder. If you like
:11:08. > :11:11.the mild weather, you'll have to head elsewhere in the country. Find
:11:12. > :11:15.out more in the national weather forecast. Our weather is going
:11:16. > :11:20.against normal expectations this week. In Highland Scotland some snow
:11:21. > :11:24.to be seen on the hills. Temperatures as high as 12 Celsius
:11:25. > :11:28.today. Over the next few days the coldest air is in the far south-east
:11:29. > :11:33.of England where there is sunshine to be had. Four or five Celsius in
:11:34. > :11:39.Kent. Differences remain over the next few days and here is why. I
:11:40. > :11:42.pressure in control of the weather. Some clear a continental air, but
:11:43. > :11:49.coming into Scotland from the Atlantic plenty of clouds around.
:11:50. > :11:50.Outbreaks of rain through Scotland and Northern Ireland overnight,
:11:51. > :11:52.patchy drizzle