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Before the Second World War, Jersey's economy was dominated by agriculture, however after liberation, tourism to the island became popular. More recently, the finance industry recognised worth in operating in Jersey, which has now become the island's dominant industry. In 2017, Jersey's GDP per capita was one of the highest in the world at $55,324.
In April 2012, the UK closed this loophole, leading to the closure of many island businesses and the loss of a number of jobs on the island. [47] The Social Security department introduced a Back to Work programme to deal with the job losses and Jersey Post had to suffer significant cut-backs in response to a reduction in fulfilment.
There are two theatres on the island: the Jersey Opera House and the Jersey Arts Centre. [180] Lillie Langtry is probably the most famous actress from the island. She was born in Jersey and became an actress on the West End in the late 19th century. She was the first socialite to appear on stage and the first celebrity to endorse a commercial ...
In June 2020, it was reported that there were 13,450 jobs within this sector. [6] According to Jersey Finance, a group which represents financial sector companies from the island, Jersey represents an extension of the City of London. [4] The Royal Bank of Canada (RBC) is a major employer with some 900 staff employed in Jersey, as of March 2009. [7]
The decision-making body for the island's government is the Council of Ministers. The Council lead the island's executive and administrative governance. The ministers are nominated by the Chief Minister or by any States member and confirmed by the States Assembly. The States of Jersey (Jersey) Law 2005 establishes the role and function of ...
The Channel Islands [note 1] are an archipelago in the English Channel, off the French coast of Normandy.They are divided into two Crown Dependencies: the Bailiwick of Jersey, which is the largest of the islands; and the Bailiwick of Guernsey, consisting of Guernsey, Alderney, Sark, Herm and some smaller islands.