Geoff Cook said that the majority of employees in finance are entitled or entitled to work, with only 11 per cent registered or licensed to work – a figure he says has not changed significantly over the years.
However, in a blog published on Jersey Finance’s website, he says that inevitably the industry accounted for a proportion of licences, and therefore net inward migration.
And he says that the key to reducing the number of licences required to support the sector – which is a keystone of the Island’s economy – is ensuring that local people are encouraged to commit to the finance industry and prepared with the necessary skills via improvements to education.
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