Licences 'hurting finance firms'

A leading Guernsey lawyer says the island's current housing licence system is restricting the finance industry.

Advocate John Greenfield is urging the States to be more flexible when handing out long-term licences, which allow workers to live on the island.

He says the finance industry is facing more competition than ever, but short-term licences mean a lack of continuity in the work force.

He thinks it is vital that top quality staff are attracted to the island.