The report by the Federation of European Employers covers 31 job scales from office assistant to chief executive, and ranks 48 European states and territories.

But the report has been received with scepticism.

Employment and Social Security president Senator Paul Routier and the Policy and Resources statistics unit have both expressed doubts about its accuracy.

It puts Jersey workers below those in Guernsey and the Isle of Man – two of our major competitors in offshore finance.

Jersey workers earn 56 per cent of the wages going to the best earners, the Danes, compared to 70 per cent in the Isle of Man and 67 per cent in Guernsey.

And in the league table, Jersey finds itself in 12th place out of 48, behind the Isle of Man in fifth, and Guernsey in seventh.

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