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Tax thresholds and support for low-income families will be increased under the new government plan.
The Government of Jersey announced its financial plan and forecast expenditure for 2024 to 2027, based on the most recent inflation figure of 10.9%.
Proposals included delivering new healthcare facilities as a “top priority” by increasing funding for services by £287m.
Tax on fuel will be increased by 10.9%, with 7p added per litre.
Alcohol tax will be increased by 8.9% which will mean an additional 4p on a pint of beer.