Category Archives: Economy

Higher taxes for the highest earners: tough budget makes unpopular decisions ‘for the many, not the few’

A higher rate of income tax has been introduced on St Helena as part of a tough Budget that has caused “disquiet” for some. But Financial Secretary Colin Owen said it was a Budget for the benefit of the many, … Continue reading

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St Helena’s Budget – in figures

New higher rate of 31% tax on all income over £25,000 from 1 April 2015. Basic income tax rate rises by 1% to 26%, from 1 April. Personal tax allowance stays at £7,000. Companies’ income tax paid remains at 25%. … Continue reading

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Drinks tax does little for Dr Corinda Pepper…

St Helena’s councillors are sharing the pain when it comes to tax on alcohol. “Everyone enjoys a good beer or a glass or wine and I declare my interest,” the Hon Brian Isaac told LegCo. “Saints are known to enjoy … Continue reading

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Fishing directors ‘declined council talks’ as vessel lay idle

A lack of public information about the future of St Helena’s first offshore fishing vessel has been called “extremely disturbing” by a councillor – after months without a single fish being caught. Public funds helped to pay for the MFV Extractor, … Continue reading

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DFID sets aside £19.4 million – including child abuse cash

The UK’s Department for International Development is giving St Helena £1.2m of new money for safeguarding of children and adults. The announcement came as a team from the UK neared the end of two weeks on the island, investigating alleged failures to deal … Continue reading

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‘Shameful’: workers left adrift by lack of Ascension flights

Saints working on Ascension could face a 15,000-mile trip to get home – just 700 miles away – if the fears of one St Helena councillor are realised. The Hon Derek Thomas spoke in response to news that the newly announced … Continue reading

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The Saints who will be lighting candles this Christmas, because they can’t afford electricity: a councillor’s tale

Many old people on St Helena will spend Christmas in poverty, too poor even to pay for electric lighting, the island’s Legislative Council has heard. The Honourable BRIAN ISAAC told of their troubles at the December 2014 sitting of the … Continue reading

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St Helena’s very own offshore fishing vessel – in pictures

A large crowd of wellwishers gathered at the wharf in Jamestown to greet the arrival of the St Helena’s first island-owned offshore fishing vessel on 19 April 2014. A new company, Saint Marine Resources, was set up in January 2014 … Continue reading

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St Helena shows UK the way with fizzy drinks tax

St Helena appears to be showing Britain the way to tackle obesity, by introducing a sugar tax. A levy on high-sugar drinks was announced in the island’s budget in the very month that England’s chief medical officer warned that the … Continue reading

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Ian responds to critics on Rupert’s port project

Traders in Jamestown have been strongly critical of the plan to land cargo at Rupert’s Bay – leaving them with a difficult journey to transport goods to the shops, on narrow roads that hug steep hillsides. Executive councillor IAN RUMMERY … Continue reading

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