Number of workers in Alderney finance sector drops

Alderney's government says 15 fewer people worked in the finance and insurance sectors in 2023

The number of people working in finance and insurance in Alderney fell last year compared to the year before, according to new figures from the island's government.

The States of Alderney said 15 fewer people worked in the sector in March 2023 compared to 2022, taking the total down to 81 people - a drop of more than 15%.

But the overall number of people in work in the island has stayed roughly the same, it said in its annual employment bulletin.

The States said there were four more people in work or self-employed in March 2023 compared to the previous year - a rise of just 0.5%.

It said 81% of the 898 people on the island who had jobs worked for an employer and 19% were self employed.

Health and social work saw the biggest rise, with 16 more people working in the sector year-on-year (96 in total).

The number of people working in public administration also rose by 13 people to 183, making it the largest employment sector on the island at 20% of all roles.

The latest census information had the island's population at 2,167 in March 2023.