Treasury Minister Allan Bell says he doesn’t think stock market turmoil will mean job losses here in the Island.
But he says the global downturn in the world economy will undoubtedly start to bite over the next 12 months.
Yesterday (Monday), government statistics showed unemployment is holding steady at 1.4 per cent – with 595 people out of work.
Mr Bell says trouble in the American banking system probably won’t have an immediate effect (audio file attached):
DoI to move to monthly dredging in order to protect harbour depth
Significant work to be undertaken first by specialist contractors
Oie Voaldyn: 'Our event is not cancelled'
Claims someone is trying to sabotage event by issuing fake cancellation messages
Last chance to enter 2026 Parish Walk
Deadline for this year's event looming
April: 'Warm, dry and sunny' says Met Office
14.1 hours of sunshine recorded on 29 April
