Jersey ‘a bigger threat than Soviets to markets in UK’

Mr Murphy, who is a professor in international political economies at City University and has advised Labour leader Jeremy Corbin, also claimed that Jersey was ‘hiding the true nature of capitalism’.

His comments come after Jersey was back in the news following the collapse of retailer BHS on 25 April, the company having been sold by Sir Philip Green in 2015 to Retail Acquisitions Ltd for £1 – Sir Philip’s wife Lady Green and ‘her immediate family’ are reported to hold some of their interests through Jersey.

Up to 60 jobs at the BHS King Street store are at risk and 11,000 jobs are under threat nationwide.

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