Chief Minister Lyndon Trott and City of London Lord Mayor Nick Anstee. (Picture by Adrian Miller, 1002458)

GUERNSEY’S international contribution as a finance centre has been lauded by the Lord Mayor of the City of London and by UK Parliamentarians.

Yesterday’s island visit by Lord Mayor Nick Anstee coincided with Conservative MP Mark Field’s speech on offshore finance centres to the House of Commons.

Mr Field said the Channel Islands had helped the UK fight off the global recession through the two financial centres’ business links and that, as international finance centres, they also helped developing countries to expand their economies.

The Financial Secretary to the Treasury, Mark Hoban, responded by acknowledging the importance of Guernsey and other Crown Dependencies’ business links to the UK, describing them as ‘important mechanisms for providing funding to the City of London’.

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