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Island drops in finance rankings

The Isle of Man has fallen a place in a list of the world's top finance centres.

The twenty-third Global Financial Centres Index from Z/Yen Partners and the China Development Institute shows the Manx finance sector has fallen behind those in Jersey and Guernsey.

Out of 96 locations, the Isle of Man has been ranked in 57th place, one place down on last year.

It means the Island now ranks behind finance centres such as Glasgow, Casablanca and Warsaw.

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