Channel Islands facing demographic ticking time bomb, says report
The analysis compares the Channel Islands with New Zealand, which it said was a leader in workforce inclusion.It said achieving employment rates similar to New Zealand could increase the Channel Islands' workforce by an additional 7,500 employees.Guernsey had the potential to raise more in tax than Jersey as there were more people not in the workforce than could be.
The report said employment rates reflected "high rates of early retirement and the extent to which women either delay returning or go back to work part-time after having children".To combat the issue, it was suggested governments could make childcare more affordable and enhance education provisions.It added employers could make jobs more flexible and embrace an older workforce while islanders could adopt a mindset of lifelong learning.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
43 minutes ago
- Reuters
OPEC says world economy may do better in second half of year
LONDON, July 15 (Reuters) - OPEC said the global economy may perform better than expected in the second half of the year despite trade conflicts and that refineries' crude intake would remain elevated to meet the uptick in summer travel, helping to support the demand outlook. In a monthly report on Tuesday, the Organization of the Petroleum Exporting Countries left its forecasts for global oil demand growth unchanged in 2025 and 2026 after reductions in April, saying the economic outlook was robust. "India, China, and Brazil are outperforming expectations so far, while the United States and the Eurozone are experiencing a continued rebound from last year," OPEC said in the report. "With this, the second-half 2025 economic growth may turn out better than currently expected." The OPEC+ producer group, comprising the 12 OPEC members plus allies including Russia, is pumping more barrels to regain market share after years of cuts to support the market. The report also showed that in June, OPEC+ pumped 41.56 million bpd, up 349,000 bpd from May. This is slightly less than the 411,000 bpd hike called for by the group's increase in its June quotas.
Reuters
an hour ago
- Reuters
Swedish finance minister says 10% U.S. tariffs the lowest EU can expect
STOCKHOLM, July 15 (Reuters) - A tariff level of 10% is the best that the European Union can expect from negotiations with the United States, Sweden's Finance Minister Elisabeth Svantesson said on Tuesday. "We have to reckon on 10% in any case. That's the lowest we can expect," Svantesson told reporters. Svantesson said uncertainty about tariffs as well as the war in Ukraine and the conflict in the Middle East meant that Sweden's economy remained weak. In June, the government cut its forecast for growth this year to 0.9% - half the 1.8% it expected in May. Nevertheless, Svantesson said the economy was fundamentally strong and robust government finances meant Sweden could easily finance its rapid increase in defence spending, though there would be less room for other reforms in the autumn budget. Think tank NIER reckons the government has room for 34 billion Swedish crowns ($3.54 billion) in unfinanced measures in the upcoming budget bill, which will be published in September. Svantesson said the budget would focus on strengthening households and getting more people into work. "It is not the time for tax hikes, quite the opposite in the current situation," she said. ($1 = 9.6162 Swedish crowns)
Daily Mail
2 hours ago
- Daily Mail
Can I give my adult children my home and put it in trust to beat inheritance tax?
I'm a single parent and so only benefit from one inheritance tax allowance rather than being able to double up as a married couple could. This means I can onlly leave £500,000 inheritance tax-free rather than the £1million a married couple could.
