23 March 2010
A revised framework for managing retail development in Jersey has been published today, which outlines the Economic Development Minister’s position on the level of competition in the retail market, particularly in respect of the food sector.
The retail sector (including wholesale) is the largest part of the private sector, outside finance, for both GVA and employment. The Economic Development Minister, Senator Alan Maclean, says the framework has been drafted to support the States' economic objectives of economic growth and low inflation “Healthy competition is a vital ingredient for a successful economy, and economic analysis tells us that greater competition in the retail sector is likely to lower prices and costs through increased efficiency and provide more in terms of consumer choice.
“This framework is not about seeking new supermarket operators to set up business in Jersey. It states that it is not the job of government to intervene. The States should not prevent change in the retail market, and should avoid restricting entry by new firms into the retail sector, whether they come from inside or outside the Island.”
Senator Maclean added “It is a Minister’s job, when setting policy, to look after the interests of the island as a whole. I have listened to the public – it is clear that 84% of Islanders are in favour of having a third supermarket. And I have listened to the views of businesses and the economic advice. Good policy needs to take into account a wide range of views – and that is what I have done.”