An MP praises tax havens

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As Manx Radio reports;

A Conservative MP in a key London constituency is urging a more balanced debate on the offshore financial centres.

Mark Field, the member for the City, was speaking at the chief minister's International Lecture at the Palace Hotel last night (Thursday).

He complemented the Isle of Man on its regulatory stance, mentioning the latest tax agreement signed yesterday with Bahrain.

Mr Field said the time had arrived for the debate on the international offshore centres to be reopened.

But then note what that key London constituency is: it is the City of London.

Oh, quelle surprise! The MP for the City of London supports tax havens. Tell us news. He's the MP for one.