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UK Assurances Welcomed 8 November 2003 Chief Minister Richard Corkill MHK has welcomed assurances that the United
Kingdom Government recognises the Isle of Man’s high standards of financial
regulation and its co-operation with international tax initiatives.
Mr Corkill’s comments follow the first visit to the Island by David Lammy MP,
appointed in June this year as the Minister at the Department of Constitutional
Affairs responsible for the UK’s relations with the Crown Dependencies.
Mr Lammy’s visit included a meeting on Wednesday November 5 with the Chief
Minister and the Council of Ministers, covering a range of continuing issues on
which the Manx Government is keen to make progress.
Said Mr Corkill:
'Mr Lammy received a warm welcome to the Isle of Man and he delivered some
positive messages during the meeting with the Council of Ministers. I
particularly noted his reassurance that the UK Government does appreciate the
constructive approach taken by the Island to the OECD and EU taxation initiatives. He clearly recognised too that
successive external reviews had given our regulatory regime a clean bill of
health.
‘The Isle of Man has led the way in combining international responsibility with
economic competitiveness, and our position needs to be properly understood
around the world. That requires good communication with the UK as our ultimate
representative.’
The Chief Minister concluded:
‘In the age of globalisation, the Island has become increasingly aware of the
international influences that can affect our community. An effective
relationship between the Isle of Man and the UK – one that protects the
interests of both countries – is therefore more important now than ever
before.’ More stories >>>
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