Housing Minister Terry Le Main sees a ‘huge benefit’ to the Island if British financiers, angered by Labour’s new 50% tax rate and one-off 50% levy on all banker bonuses over £25,000, move across the Channel.
He said that there had been ‘quite a lot of interest’ from wealthy residents looking to move to Jersey.
‘I am very keen,’ he said. ‘I see huge benefits in welcoming wealthy residents who are relocating, particularly if they bring in business opportunities. I will be very much supportive of a good business case where there hopefully could be some diversification in the economy. I would also be welcoming a good business case which will employ locally qualified people.’
