Channel Island of Jersey

The Fall of Jersey: How a Tax Haven Goes Bust

Jersey bet its future on finance but since 2007 it has fallen on hard times and is heading for bankruptcy. The government is left with a “black hole” in the annual budget. “Filling it will take the equivalent of shutting down every school in the island, laying off every teacher, letting the parks turn into overgrown jungles and having our roads literally fall apart.” Who are the winners?

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