Well placed to escape the worst

Friday 17th October 2008, 3:00PM BST.

JERSEY could escape the full effects of recession according to a top City banking analyst.

Alex Potter (32) said that Islanders could ‘sleep easier at night’ after the UK government bail-out of three high street banks on Monday, which has ‘injected greater certainty into the Island’s economy’.

He added that Jersey was well-placed to weather the storms of recession but warned that the States needed to increase links with the UK and prevent the credit bubble from inflating any further. Mr Potter, of Collins Stewart, is based in London but was in Jersey on Monday to meet local investors.

‘Jersey is a major financial services centre,’ he said. ‘Stabilisation by the UK government can only be seen as a good thing. It has injected a greater certainty into the Island’s economy. At a time like this you want stable, safe institutions.

• Picture: Alex Potter. Picture by Jon Guegan (00594919)

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1
steve

October 20, 2008 at 6:43 am

you need to get your act together and cover your small int .investors with the compo system.
if you dont all the money will be off to the isle of man /uk / ireland.
the OECD want to shut offshore banking ,and has been trying to do so for years,no compo schem will shut it within 2 years.

steve an international grafter /investor

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