THE pressure that faces UK Chancellor George Osborne to come up with a Plan B approach to the UK economy provides a counterpoint to the situation this island finds itself in.

GUERNSEY no longer has a black hole, according to Treasury and Resources minister Lyndon Trott. It's now grey, he says.

The decision on Guernsey's future corporate tax structure and how to make up the shortfall that will result has now been delayed beyond February 2006.

FAIRNESS, flexibility and enterprise were the key messages delivered by Gordon Brown.

GUERNSEY should not fritter away its advantages as it faces up to the tax black hole.

A GOODS tax and States cutbacks could reduce the island's 'black hole' by '15m. to '30m.