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Planning For Brexit, UK Finance Sector 'Learning From Guernsey'

by Jason Gorringe, Lowtax.net, London
29 January, 2018

Guernsey is playing an important role in helping the financial services sector in London and the rest of UK to prepare to thrive once Britain leaves the EU, according to Miles Celic of TheCityUK, which promotes UK financial services.

Cilic told an event organized by Guernsey's financial services promotion agency, Guernsey Finance, that Guernsey's longstanding position as a "third country" to the EU offered valuable insight for industry in the UK.

"The lesson we are having to relearn is that we want to continue to have the relationship outside of the EU in the same way we did before we joined the Common Market in 1973... That's something Guernsey has been successful in doing throughout its history."

Looking ahead, Cilic said his organization would be developing its proposals for the future shape of the relationship between the UK and EU by looking at Guernsey's experience.


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