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Jersey in Westminster Spotlight
The Debate was brought forward by Mark Field, the Conservative MP for the Cities of London and Westminster, who proposed that the debate on the role of small IFCs had been remarkably one sided to date and had demonstrated a fundamental lack of understanding of their function and the proven benefits they provide to the wider global economy. He also dispelled many of the myths associated with IFCs, and mentioned Jersey specifically.
The debate very clearly demonstrated the importance of Jersey’s financial services industry, especially with relation to the vital role that Jersey provides to the City of London’s transaction chain.
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