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Dave Haslam Well you can bet that if HSBC has spotted a gain by closing down Guernsey back office operations the other banks will be looking at it too Some posters reckon it might be a good thing in that many of the 40 redundancies will mean several 'incomers' will leave the island thus easing the pressure on housing but I doubt whether back office work needed incomers to do it The 40 who will be losing their jobs will be local youngsters just starting out or perhaps very recently tied in to a 25 year mortgage on a property which could well start losing value It doesn't bode well for our current crop of school leavers
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