16/01/2017 Channel Islands News

Gove and Labour's Brexit Secretary Kier Starmer as well. Join me now on

An increasing islanders living their BBC Two. That's Newsnight

An increasing islanders living their in high-risk investments. Totally

devastating. We lost our marriage and we also lost the bungalow we

originally built up at St John's. Good evening and welcome to the late

news from BBC Channel Islands. Getting on to the property ladder

could be easier for first There's been an increase

in the number people in Jersey losing money

through high-risk investments. That's according to the island's

financial regulator, which has seen 150 victims

in the past ten years. They include people who lost tens,

or even hundreds of thousands Luxmy Gopal has been

speaking to those affected. It just devastated everything,

Geraldine and I moved apart, lost the marriage, lost the bungalow

we'd built up at St John's - because we were no longer,

together we had to sell it. And the other thing

is we lost our pension fund. Alan's now back on his

feet in a new business. But ten years ago he was one of 50

people who lost money It was run by Jersey-based

financial advisors, including The regulator is campaigning to stop

other people losing their life savings. It has brought a UK group

to spread the message. The advice really is don't put

all your eggs in one basket. Don't be over reliant on one

investment strategy, as tempting as that might be,

especially if they're offering the potential of high

returns for low risk. Like many victims, Alan

has learnt that now, You do feel a little bit bitter,

very bitter, and you never forget It is heartbreaking to lose

everything you have worked for all these years. I suppose eventually I

will trust people again but when that will be ideal not know. -- I do

not know full dash. --. Well, earlier I spoke

to the Director General of the Jersey Financial Services

Commission, John Harris. I asked why people are being caught

out by investment schemes. Interest rates are very low, people

are not getting money through the banks, people are coming for money

from inheritance and things like that. People are looking for a

long-term home for savings and getting a return. In a lot of ways

that is very good but in some cases it can be disastrous if things go

wrong. By the nature of it, it is high risk. You could make a lot of

money and you could lose money. Yes, but what I think we are trying to do

is repeat the message handed down by our grandmothers, if it is high

return inevitably it means high risk, you have to be aware of that

risk. If it is high risk and you have identified that, please do not

put all of your eggs in one basket. Drugs with a street value

of ?1.1 million were seized 64 kilos of cannabis resin was found

in the roof lining of a Mini Cooper which had travelled over

to the island on the Commodore 29-year-old Shane Lee Ray

from High Wycombe appeared at Jersey Magistrates Court this

morning, charged with importation There could be new help

for people trying to get A new business has been

given the green light to offer 95% mortgages -

giving people in Guernsey similar financial products to those

available in the UK. But as Mike Wilkins reports,

it's not just for people looking After 50 years in this house,

Dorothy Paint's looking to move. But owing to her age,

banks won't lend to her. You know, this is a

couple of years ago. We went to the banks

but they didn't want to But now this man's company has got

approval to operate a business lending to those aged over 65,

as well as offering 95% mortgages We will be helping first-time

buyers with a 95% loan- to value product with banks

of mum and dad providing additional guarantees,

and a lending product. We will be helping those aged 65-89,

and my understanding is there are no present lenders

in Guernsey doing that. House prices have fallen

since the end of 2014, with the island at times

experiencing the lowest number Sales recovered last year and rose

by 25% but the market I asked Mr Welch about the risks

of people investing Is there a bit of a risk that some

people could end up going into negative equity if they took

a mortgage with you and the house We cannot control the property

market and Brexit, there are so many uncertainties on today's

world that nobody can predict where But if we make sure that

people are assessed properly and a sensible,

balanced approach, it should be OK. It's unclear what this

year will hold. But with new favourable document

duty rates for the lower and middle sections of the housing market,

and now new mortgage products, 2017 may see a recovery

in the island's property fortunes. The Channel Islands

will have a new 'eye Channel Islands Air Search

say their new aircraft, which was due at the end of last

year, has been held This temporary aircraft has been

used for the last three years, while ?2 million was raised

for a new, state of the art replacement now

due to arrive in July. We have got a whole new range of

agreement on board and a much more powerful one on camera which we have

linked to a management system to plot where the camera has been. We

can tell it where we want it to look when it has taken. We can programme

it into the system and when we have taken it off the camera will be

looking at that particular point. A new recycling centre built in part

from reclaimed materials The site at La Collette replaces

the old centre at Bellozanne. It's hoped the project,

which cost just over ?3 million, will encourage more islanders

to recycle, as Jessica Jersey's new recycling centre

opened its gates this morning. The site before was a very small

site, it required people to do a lot So this is a drive-through site,

which should make it a lot easier Jersey currently recycles

around 30% of its waste. Quite a long way behind Guernsey,

which recycles 50%. It's hoped the new centre will help

the Island meet its target, So what do locals

think of the new site? The previous one was

past its sell by date! It encourages you to want to use

it, look after your environment. They could do with

improving the signposting, as you drive along you

are not quite sure way to go. Parish leaders are also

being urged to play their part. We would ask other parishes that

are not currently doing We provide the infrastructure in

terms of that, boxes and bags, so we And it's not just rubbish

that can be re-used.... The old Bellozanne site

is going to become part And in BBC Guernsey's Breakfast

programme tomorrow with Jim Cathcart the latest costs for disposing

of Guernsey's waste It's been a wet weekend and once

again the high winds affected some sailings in the islands,

so as the week starts what can Good evening. A new week of whether

and what does that have in store? Quite a cloudy day across the

Islands. Mainly dry, a cloudy start, a lot of Cloud today. When it clears

up I think who will have bright spells towards the end of the week.

Noticeably cooler and a risk of frost. A lot of cloud across all of

the UK today. Some breaks but a spell of rain at times. Cloudy and

damp today. Going through the week we will see high-pressure edging

across from the East. Bringing cold air from the continent across the

Islands. A lot of cloud breaking up on Tuesday but by Wednesday we start

to see much colder air settling in. More sunshine on Wednesday, Thursday

and Friday. Light wind as well but with colder air you will notice

dropping temperatures. Particularly on Thursday and Friday, while we

will have very little change in the day, we run the risk in the evening

of some frost, particularly Friday night into Saturday. That continues

through the weekend, staying largely dry. A bit of rain out there right

now. Mainly light and patchy but for many a damp and drizzly night. It

should be frost free and temperature down to three degrees. A grey day

tomorrow and it will quite quickly improve. Rain tending to ease up and

a lot of sunshine. Cold air is feeding in and you can see the

difference with the temperature dropping five or 6 degrees from what

we had today. Despite the sunshine, it will feel a little bit colder.

That is setting the scene for the rest of the week. Plenty of sunshine

for tomorrow. The wind picking up in the middle part of the week but

particularly towards the end we risk overnight frost. Looking a bit

chilly. That's your news this Monday

evening, BBC Radio Guernsey and Jersey will have bulletins

from six tomorrow morning and I'll perhaps a little milder. If you like

the mild weather, you'll have to head elsewhere in the country. Find

out more in the national weather forecast. Our weather is going

against normal expectations this week. In Highland Scotland some snow

to be seen on the hills. Temperatures as high as 12 Celsius

today. Over the next few days the coldest air is in the far south-east

of England where there is sunshine to be had. Four or five Celsius in

Kent. Differences remain over the next few days and here is why. I

pressure in control of the weather. Some clear a continental air, but

coming into Scotland from the Atlantic plenty of clouds around.

Outbreaks of rain through Scotland and Northern Ireland overnight,

patchy drizzle