Lowtax Network

Back To Top

Guernsey, IoM Welcome Brexit Clarity

by Jason Gorringe, Lowtax.net, London
23 January, 2017

Guernsey and the Isle of Man have welcomed the recent clarity provided by the UK's Prime Minister, Theresa May, on the UK Government's objectives on its exit from the European Union.

Chief Minister of the Isle of Man Howard Quayle commented: "It has been our position that although we want to continue to be able to trade with the EU, to minimize the potential risks flowing from Brexit, and make the most of any opportunities which arise, we recognize that the shape of the island's new relationship with Europe will rest upon what the UK can secure for itself."

"Despite the greater clarity, which we welcome, it is still very difficult to know what that relationship will be. But whatever the new relationship between the UK and the EU, the Isle of Man's connection with the UK will remain the same."

The Chief Minister of Guernsey, Gavin St Pier, expressed similar sentiments, commenting: "It is reassuring that the UK objectives echo or work well with the negotiating objectives agreed by the States in its first Brexit policy letter on June 29, 2016."

He added: 'While Guernsey is not part of the UK or the EU, we are not immune from the impact of the UK exit, not least because we have a special relationship with the EU under Protocol 3. To date our engagement with the UK Government, as promised by Theresa May, has been a model of best practice."

See all of today's news


News Archive

Event Listings

Listings for the leading worldwide conferences and events in accounting, investment, banking and finance, transfer pricing, corporate taxation and more...
See Event Listings »