Overview

Commissioned by the UK chancellor following last year’s Pre-Budget Report, October saw Michael Foot deliver his final report on the offshore finance industry.

The independent review was undertaken as a result of the global economic downturn and was to focus on a number of areas that impact on the future sustainability of the British crown dependencies (Guernsey, Isle of Man and Jersey) and six overseas territories (Anguilla, Bermuda, British Virgin Islands, Cayman Islands, Gibraltar, Turks and Caicos Islands).

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