Finance profits drop

Go down

Finance profits drop

Post by GD on Wed 29 Jun 2011, 10:46 pm


PROFITS in the finance industry last year were at their lowest levels since records began, according to official figures released today.

The level of profits at £605 million fell by 25% last year from £809 million in 2009 and plummeted by 60% compared to 2008 when profits were at £1.5 billion.

They were at their lowest since the survey of financial institutions started being compiled in the mid-1990s.

The Islandís Treasury Minster Philip Ozouf said that the falling figures did not mean that there would be any need to hit Islanders in the pockets with tax increases to make up the difference.

He said that financial forecasts had already been revised downward twice and that actual taxes received for 2010 were not reflective of such a large drop in industry profits. (from JEP)


......THE BOSS......

"Always be yourself because the people who mind don't matter, and the people who matter don't mind"

avatar
GD

Male
Number of posts : 10122
Location : Channel Islands
Job/hobbies : Website Forums...lol
Humor : Anything that makes me laugh
Registration date : 2008-03-06

http://www.vuedesisles.com

Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum