I decided to re-state the figures to look at the relative growth of the private sector and public sector in Jersey, the results reproduced below are to say the least shocking.
Are you feeling the squeeze of increased government at a time when your business is not growing? Are your taxes and operating costs increasing whilst your turnover and profits are not?
The results ably demonstrate why and the blame lies squarely on the shoulders of government.
| Total | CUMULATIVE | GROWTH | CUMULATIVE | GROWTH | CUMULATIVE | |
| YEAR | GVA | 1 | PUBLIC | 1 | PRIVATE | 1 |
| 1999 | 5% | 105% | 6% | 106% | -1% | 99% |
| 2000 | 4% | 109% | 3% | 109% | 1% | 100% |
| 2001 | -3% | 106% | 3% | 112% | -6% | 94% |
| 2002 | -3% | 103% | 1% | 114% | -4% | 90% |
| 2003 | -4% | 99% | 2% | 116% | -6% | 85% |
| 2004 | -1% | 98% | 2% | 118% | -3% | 82% |
| 2005 | 1% | 99% | 1% | 119% | 0% | 82% |
| 2006 | 5% | 104% | 3% | 123% | 2% | 84% |
| 2007 | 5% | 109% | 5% | 129% | 0% | 84% |
| 2008 | -3% | 105% | 3% | 133% | -6% | 79% |
| 2009 | -6% | 99% | 0% | 133% | -6% | 74% |
| 2010 | -5% | 94% | 1% | 134% | -6% | 70% |
The Statistics unit will not produce GDP statistics as it 'produces results which are not truly representative' so it is impossible to compare them internationally.
The first two columns demonstrate that combined the GVA of Jersey shrunk by 5% in the period 1999 to 2010, the middle columns demonstrate that conversely the government GVA increased by 34% and the final two columns demonstrate that the private sector (or what the government is supposed to be there to serve) shrank by 30%.
One would expect that the size of government would roughly keep pace with the size of the private sector but in relative terms then (134%/70%) the size of government doubled in that period.
And if you add up all the movements in VGA over the past 10 years algebraic ally, the net sum is zero. There is no real growth in the economy.
ReplyDeleteWorse than zero the economy is shrinking even as the population increases... something has gone wrong and I would guess it would be the rises in taxation which have caused this.
ReplyDeleteBasically it is simple. Government administration has failed the general population. As an example the regulators in the UK and here but lets focus on the UK, the regulatory bodies for Banks, Rail, Utilities including Gas and Oil have all but failed.
ReplyDeleteIn Sundays papers the Defensive department lets go 70,000 civil servants with payoffs and then promptly re-employs 40,000 of them.
Jersey is a member of club of the same with useless, irrelevant regulators, civil servants being paid large amounts of money for being inadequate and unaccountable and in competition with no one, but many earning more with the exception of wanker bankers.
All the Jersey treasury minister and his small gang do ( two more law officers to be employed in the last two weeks ) is increase employment in the administration and also open expensive offices across the world as if Jersey was EU Brussels.
Completely out of control, no wonder the Government is stealing ( legally due to man made laws ) from the people who work hard to try and sustain a reasonable quality of life.