Guernsey's government to borrow up to half a billion pounds to deal with economic fallout

Guernsey's government will look to borrow up to half a billion pounds to deal with the economic fallout from coronavirus.

In his briefing today, Chief Minister Deputy Gavin St Pier said the government will need to find 'eye watering' sums of money - including an additional £170 to £190 million pounds in 2020 alone.

He wants the Policy and Resources Committee to borrow up to £500 million, and says £100 million will come from the island's rainy day fund.

Deputy Heidi Soulsby said they are going to reassess establishing a whistle-blowing hotline following feedback from the public that it is not in the spirit of the island.

She says they are looking at using the non-clinical phone line for people to report their concerns, but she acknowledged that it is a work in progress and that it is important that the spirit of 'Guernsey together' continues.

  • WATCH the full briefing here...