This article was originally published in The Hedge Fund
Journal, September 2010
During the last few months a number of commentators have been
debating whether the UK is set to experience a 'double-dip'
recession. At the moment we cannot be sure either way but
certainly, while the world continues to pick itself up off the
floor of the global financial downturn and we have seen the start
of renewed confidence in the markets, the general economic
conditions remain fragile and will be for some months to come.
Guernsey cannot be completely immune from these worldwide
issues, although the Island has to a large extent remained
resilient in the face of the pressures. Perhaps the most
significant fallout for us though has been the increased
international focus on so-called 'tax havens' or
'offshore' centres. That said, I am very pleased to say
that the Island is consistently recognised as being within the very
top tier of international finance centres.
