That statement should bring a “sigh of relief” for the industry, according to Sean Tuffy, the head of market and regulatory intelligence for Citigroup Inc. in Dublin.
Senator Gorst also said he wants to assure islanders that whatever the new alternatives put forward by Theresa May, he wants to make sure the interests of Jersey are communicated to the UK government.
“Moreover, the addition of such experienced, knowledgeable and skilled professionals as Carol and Aoifinn, will not only help us transition through Brexit effectively, but deepen our footprint in Europe."
Spain is the most popular European retirement destination for Britons and official figures suggest it is home to about 300,000 British citizens, most of whom are settled on the coast.
The warning from Nigel Green, founder and chief executive of deVere Group, comes as sterling remains vulnerable to every twist and turn to the political saga over the UK’s exit of the European Union.