Brexit: Finance sector should be optimistic

Neil McCluskey, who chairs the Chamber of Commerce Finance Committee, said that having met External Relations Minister Sir Philip Bailhache, he was comforted that Jersey’s biggest industry would still thrive post-Brexit.

He added that while there would be ‘unknown quantities’ as a result of Britain’s decision to leave the European Union, Jersey is well placed to ensure that any potential negative impact will not derail the Island’s finance sector.

The UK government is expected to trigger Article 50 – the two-year notice to leave the EU – next year.

Jersey has established a Brexit Unit and Brexit Working Group, looking at issues such as immigration and the Common Travel Area.

Mr McCluskey said: ‘From our meeting with the External Relations Minister, I was satisfied that Sir Philip’s team is really well placed with the contacts both in the UK and Europe to enable us to have the level of conversations we need.

‘It is difficult to say where they will land in terms of immigration policies and free trade policies, for example. Both of those would impact on us.

JEP Extra is more than just your daily newspaper. It’s multimedia package which delivers the paper to your door, your mobile and your tablet or PC daily

– Advertisement –
– Advertisement –