“UK wealth managers have been reporting decent returns and many City law firms are anticipating bumper profits,” writes Bridget Barker in BL Global in this month. “However the increasing rows and uncertainty over where the Brexit process will end up is casting a long shadow – will it be hard or soft? The newspapers regularly report that businesses are leaving London – and there are fewer stories about new entrants.
Traditionally the view has been what is good for London is good for the Channels Islands, but it is difficult to see what the position for the UK will be by the end of March 2019 and how that will impact on Jersey and Guernsey”.
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