RISING spending on social security is in danger of making Guernsey a high-tax jurisdiction, the States was told yesterday.

THE British Bankers’ Association has backed the States claim that the categorisation of offshore financial centres is becoming increasingly irrelevant.

GUERNSEY will no longer be referred to as an ‘offshore’ financial centre by the International Monetary Fund.

IT MIGHT not have been the most eye-catching of headlines, but the single column in yesterday’s Financial Times certainly stood out for Guernsey’s financial services regulators.

GUERNSEY is receiving support for its position as a financial centre and home for investment companies from the Association of Investment Companies.