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National GDP: $2,742,000,000 | National GDP: $2,742,000,000 | ||
==Government of Guernsey== | |||
The Island has its own parliament, The States of Deliberation, which is democratically elected. | |||
There are no political parties in Guernsey and therefore the Island is not prone to pendulum swings in regime or policy. The States is responsible for domestic affairs, its economy and tax regime. Guernsey enjoys full fiscal autonomy in tax and regulatory matters. | |||
As a Crown Dependency, the Island's ties to the UK are through the Crown rather than the British Parliament, where Guernsey has no representation. The Lieutenant Governor is Her Majesty's personal representative and official channel of communication between the Crown and the UK Government and Guernsey. | |||
Special terms were negotiated for the Channel Islands on the UK's accession to the EEC. These are contained in Protocol 3 to the Treaty of Accession. The effect of the protocol is that the Island is within the Common Customs Area and the Common External Tariff, which allows access to EEC countries of physical exports without tariff barriers. Other Community rules do not apply to Guernsey, unless voluntarily accepted. | |||
==History of Guernsey== | |||
The islands have a rich and varied history going back many years much of which is recorded at The Guernsey Museum & Art Gallery, Castle Cornet, Fort Grey and through other organisations such as the Priaulx Library, Guernsey's National Trust, La Société Guernesiase and many others. | |||
Humans are known to have lived in Guernsey since 10,000 BC. Archaeological digs have found evidence for farming in the Neolithic and Bronze Age and uncovered 'warrior graves' from the Iron Age. It was known as Lisia by the Romans and the name 'Guernsey' was probably given by the Vikings. | |||
Guernsey was governed as part of the Duchy of Normandy since 933, however in 1204 the islanders bravely pledged allegiance to King John as he fought to maintain his territory in France. In 1206, King John ordered the construction of Castle Cornet to safeguard the harbour in St Peter Port from attacks by his enemies in France. Castle Cornet still stands to this day and houses five museums. The Normans gained control in the tenth century and brought both their language and distinctive legal system. After Normandy was lost to the French in 1204, Guernsey remained a possession of the English Crown, but never became part of England or the UK.Guernsey, is now a British Crown Dependency. It is the second largest of the Channel Islands, situated 30 miles north west of France and 80 miles south of England, and is self-governing .The Bailiwick of Guernsey includes the smaller neighbouring islands of Sark, Herm and Alderney. | |||
The jurisdiction looks after its own fiscal affairs, has its own stamps and currency. Many international banks, fund managers and insurance companies are establishing here. Whilst the traditional industries of tourism, flower growing, fishing and dairy farming still play an important role in contributing to the local economy and there are also a number of high profile light industries based on the island. | |||
The island boasts first class public facilities for it's 62,000+ residents including a refurbished airport terminal, yachting marinas, schools and medical services. | |||
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