Jersey's £4bn offshore finance sector generates nearly 60% higher GDP per capita than the UK, but the influx of wealthy bankers has driven up living costs and priced out locals. Food bank usage tripled in three years to 2024 as the island faces reputation damage from tax haven rankings and data leaks, prompting a government push into crypto assets.
Jersey's Tax Haven Boom Leaves Islanders Behind as Finance Sector Dominates
Food bank usage tripled over three years to 2024, with many islanders struggling to afford housing and basic living costs despite the island's overall wealth.
Politics & Governance