DRAFT legislation from HM Revenue and Customs to change the way the UK’s finance sector gives out tax advice is being watched closely locally.

POLITICAL and business experts have hailed the appointment of Ken Clarke as Justice Secretary as an excellent move for Guernsey.

AS THE UK’s new Cabinet emerged yesterday – and with it the changing face of British politics – one thing was clear: Guernsey should be in remarkably good shape to deal with those in power.

GUERNSEY has little to fear from an alliance between the Conservatives and Liberal Democrats, according to Chief Minister Lyndon Trott.

IT IS the morning after the morning after the night before. And for political obsessives who have been engrossed in the general election campaign as it unravelled over the past month, there is a strange emptiness.

POLITICAL parties in the UK must form a strong government to prevent further financial uncertainty in the markets, business leaders have said.

AS STERLING fell against the euro and US dollar yesterday, the markets delivered their own verdict on the UK’s hung parliament. With a weak government, the fear is that action will not be taken to resolve Britain’s massive debt and spending problems.

BUSINESSES with connections to the UK are in for a period of uncertainty, according to Chamber of Commerce president Julian Winser.

GUERNSEY is today preparing to manage any political and financial impact from a hung parliament in the UK.

A CONFESSION. Some months ago I put some money on the UK General Election ending in a hung parliament.