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Job cuts could fund diesel price drop says deputy

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Core Development: Job cuts could fund diesel price drop says deputy
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Market & Financial Impact: With the ongoing war in the Middle East increasing prices, one deputy is ask for duty to be frozen.
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Actionable Insight: 🔴 Bearish Risk: Regulatory scrutiny, profit decline, or sell-off risk may create near-term volatility.

Prices at the petrol pump in Guernsey have reached record highs

A Guernsey deputy has said leaders could fund a fuel price drop for drivers by cutting civil servant posts.

Deputy Neil Inder said he plans to submit two amendments around the cost of fuel in relation to the upcoming States budget amid "exceptional circumstances due to global events".

The proposed amendments are to freeze fuel duty and to also cut the cost at the pumps of white diesel - used by cars, trucks and buses - by 5p.

Asked how the States would fund this, he added: "What the States needs to start looking at properly is reducing the size of the civil service."

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Official Publisher Attribution: This report is aggregated from Bloomberg. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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