Jersey advised to save an extra £600m in case Brexit disrupts financial sector

Pedro Gonçalves
clock • 2 min read

Jersey should cushion its 'rainy day fund' with an extra £600m as a precaution since the fall-out of Brexit and the possibility that the City of London could become an offshore competitor jeopardises the jurisdiction's finance industry. That's the warning of a leading group of economists who advise Jersey's government on its financial plans. The Fiscal Policy Panel warns about the potential fragility of the Jersey economy because it was so heavily reliant on the finance industry, adding...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login