Guernsey hits back at 'bail out' claims

The state's chief minister, Lyndon Trott, refutes the island's ‘tax haven' status and says he cannot see any reason why Guernsey's economy would need an injection from the UK. It has been widely reported, early drafts of The Foot review, designed to assess the heath of overseas jurisdictions, suggest Britain could be forced to bail out some of its offshore ‘tax havens' hit hard by the economic crisis. Senior insiders believe such a move could cost UK taxpayers hundreds of millions of pounds. However, Trott says: "I cannot foresee any circumstances where the need would arise for the...