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Budget 2023


Quick overview

Guernsey’s Budget for 2023 was published on 4 October and was debated at a special Budget States meeting starting on Tuesday 1 November.

There was no ‘glossy’ version for public consumption so here are some suggested steps to help you get your head around it:

Step 1 –

Read the foreward to the document, where P&R set out the overall economic picture for Guernsey, including how much we are raiding our savings.

Step 2 –

Read this Bailiwick Express article which runs through the increases in States committee budgets and the tax changes we are likely to notice in our everyday lives.

Step 3 –

Budget measures can be used to address specific issues and this year, not surprisingly, there’s a focus on Housing. Read about the housing initiatives included in the Budget by P&R in this Bailiwick Express article.

Step 4 – Check out the Amendments section below, where individual Deputies raised additional ideas for debate, both successfully and unsuccessfully.



Budget debates are an opportunity for Deputies to introduce new ideas for Guernsey’s tax system for debate, hence starting the meeting on a Tuesday, rather than a Wednesday.

Click the voting result eg LOST 2-31 to see who voted which way.

Amendment 1 (De Lisle/McKenna) – proposes a flat rate increase in TRP of 8% instead of 0% for properties with TRP ratings of less than 200, rising to 20% for TRP ratings over 500. LOST 2-31.
States throw out bid to spread TRP increase across all homes.

Amendment 2 (Inder/Helyar) – proposes reducing the tax rate for the cannabis industry from 20% to 0% for five years to support a fledgling industry. LOST 8-25.
Deputies vote to maintain cannabis tax rate.

Amendment 3 (Inder/Le Tocq) – instructs all committees to work with Jersey to identify revenue savings and P&R to include any opportunities in the Government Work Plan. CARRIED 28-5.
Bailiwick Express pre-debate analysis

Amendment 4 (St Pier/Helyar) – directs P&R to help first time buyers by investigating giving tax incentives to developers for houses sold below the average market price. CARRIED 20-14.
Bailiwick Express pre-debate analysis (1st half).

Amendment 5 (St Pier/Helyar) – directs P&R to consider charging income tax on profits from the sale of second homes. LOST 6-28.
Bailiwick Express pre-debate analysis (2nd half)

Amendment 6 (Soulsby/St Pier) – directs P&R to consider tax incentives for renting a room in your house, particularly to a key worker. CARRIED 36-0.
Bailiwick Express pre-debate analysis.
States to investigate spare room tax breaks.

Amendment 7 (Kazantseva-Miller/St Pier) – directs P&R to consider restricting ownership of local market houses to people qualified to occupy them. RULE 24.6 BEYOND THE PROPOSITION, NOT DEBATED.
Bailiwick Express pre-debate analysis.
Local market protection attempt scrapped on a technicality.

Matt Fallaize’s Bailiwick Express analysis of all amendments.


Media articles about the Budget (in date order)

  1. 2023 Budget proposals out today (3 Oct, Bailiwick Express)
  2. P&R: ‘Financial position is becoming precarious’ (4 Oct, Guernsey Press)
  3. Comment: Budget – The worst is yet to come (4 Oct, Guernsey Press)
  4. States’ spending set to increase by nearly £50m next year (4 Oct, Bailiwick Express)
  5. Toughest situation for “donkeys’ years” (4 Oct, Bailiwick Express) (cf Jersey)
  6. Cost of living measures included in Guernsey’s 2023 budget (4 Oct, BBC Guernsey)
  7. States’ above-inflation budget increase ‘concerning’ says IoD (7 Oct, Guernsey Press)
  8. Housing plans to alleviate crisis (8 Oct, Bailiwick Express)
  9. Tax breaks for renting out spare rooms could attract key staff (25 Oct, Bailiwick Express)
  10. States may protect local market homes for local residents (25 Oct, Bailiwick Express)
  11. Tax breaks could encourage more affordable first-time homes (25 Oct, Bailiwick Express)
  12. Cannabis taxes could be reduced to 0% for five years (26 Oct, Bailiwick Express)
  13. Fresh attempt to get Guernsey and Jersey collaborating (31 Oct, Bailiwick Express)
  14. Analysis: At least our treasury lead should avoid crashing the economy… (31 Oct, Bailiwick Express)
  15. States’ spending in 2023 could go above £48m budget increase (1 Nov, Bailiwick Express)
  16. States throw out bid to spread TRP increase across all homes (1 Nov, Bailiwick Express)
  17. This Budget is the last of its kind, says Helyar (2 Nov, Guernsey Press)
  18. Deputies vote to maintain cannabis tax rate (2 Nov, Bailiwick Express)
  19. States to investigate spare room tax breaks (2 Nov, Bailiwick Express)
  20. Local market protection attempt scrapped on a technicality (2 Nov, Bailiwick Express)
  21. ‘So many ways we could fail it keeps me awake’ (3 Nov, Guernsey Press)
  22. St Pier: What happened in the States last week? (7 Nov, Bailiwick Express)


Industry reaction

BDO: Guernsey Budget response (4 Oct)
IoD: Statement on States of Guernsey 2023 budget (5 Oct)
GPEG: Guernsey Taxation – the way forward (9 Nov, mailing)


The Budget in detail

If you can, read the policy letter in full.

You may also be interested in comparing the cost of living measures in Guernsey’s Budget with Jersey’s £56.5m emergency mini-budget, agreed in September.


Guernsey’s iconic women of the future?

Thank you for nominating a young woman or girl for our future iconic Guernsey women campaign to celebrate International Women’s Day!

Nominations close on Sunday 6 March at 17.00.

Please fill in the details below.


Miriam Makeba - South Africa

Nominated by: Christine James

Zenzile Miriam Makeba (1932 to 2008), nicknamed Mama Africa, was a South African singer, songwriter, actress, United Nations goodwill ambassador, and civil rights activist. Associated with musical genres including Afropop, jazz, and world music, she was an advocate against apartheid and white-minority government in South Africa. In 2020 she was named one of Time magazine’s 100 women of the century. 

South Africa is ranked 12th in the world for percentage of women in national parliament: 45.8% (source: 

Are you from South Africa? Please email if there is a social or cultural group for people from South Africa in Guernsey.

Want to learn more about public office vacancies in Guernsey? 

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The original image “The Hague Jazz 2008 – Miriam Makeba” by Haags Uitburo is licensed under CC BY-NC-SA 2.0. 


Jacinda Ardern - New Zealand

Nominated by: Martin Lock

Jacinda Ardern (born 1980) has served as prime minister of New Zealand and leader of the Labour Party since 2017. In 2019, she led the country through the aftermath of the Christchurch mosque shootings, rapidly introducing strict gun laws in response, and throughout 2020 she directed the country’s widely praised response to the COVID-19 pandemic. Ardern was the world’s second elected head of government to give birth in office when her daughter was born in 2018. ‘An inspiring Prime Minister who brought a nation together with true leadership, empathy and compassion.’

New Zealand is ranked 4th in the world for percentage of women in national parliament: 48.3% (source: 

Other iconic women: Dame Whina Cooper, nominated by Claire Fisher, and Kate Sheppard, nominated by Anna Cooper.

Are you from New Zealand? You may be interested in joining the ANZACs in Guernsey Facebook group

Want to learn more about public office vacancies in Guernsey? 

Sign up to our newsletter