Jersey worth £14 billion to the UK

New figures from Jersey Finance show that Jersey is worth £14 billion to the UK economy, which they say shows the island 'is not a tax haven'.

Jersey also channels nearly £500 billion of foreign investment into the United Kingdom.

The figures are from Jersey Finance, which is a non-profit organisation promoting the island's finance industry.

They say these numbers show the benefits to the mainland 'far outweigh' any money lost through tax evasion.

It comes as the UK's Shadow Home Secretary called Crown Dependencies 'the largest tax evasion network in the world'.