Usually, it’s pretty easy to distinguish between a financial centre and a holiday resort. But back in the 1960s, faced with competition from cheap international flights and worrying about long term decline, one of the UK’s favourite seaside resorts decided that it needed to become a financial centre. Fifty years later, the Isle of Man is one of the top ten richest countries on earth according to the World Bank, and its main economic problem is attracting enough skilled labour to maintain its growth rate.
What kind of skilled labour? Basically, accountants. The island’s largest non-government sectors are, in order, insurance, online gaming, banking and fund services and all of these industries need people to audit them. According to Matt Bainbridge, Deloitte’s local boss, “’I’ve