Economic Situation: Sark
The question
To ask the Chancellor of the Exchequer, what steps she is taking to promote the economic diversification of the Sark economy.
Answered by Emma Reynolds
Sark, a self-governing jurisdiction within the Crown Dependency of the Bailiwick of Guernsey, is responsible for its own domestic affairs, including economic policy. While HM Treasury recognises the importance of the UK-Crown Dependency economic relationship to our jurisdictions, including Sark, the UK Government is not directly responsible for promoting economic diversification on Sark, and HM Treasury has not been approached to discuss this topic by the Sark Government.
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