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Thursday, 11 November 2010 at 16:01

Guernsey's finance sector is complaining the government there isn't providing enough support, after figures showed Manx firms enjoy much greater benefits.

This month, companies on the Channel Island will pay a new fee to support the government promotional group Guernsey Finance.

Although there's no opposition to handing over the money, the States spends only £800,000 a year promoting its finance industry, compared to the £5 million a year the Manx government gives Isle of Man Finance.

The new levy will raise an extra £400,000 a year, but Guernsey will still lag far behind the Isle of Man.

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