Jersey (a small British Crown dependency off the coast of France, home to one of the world's leading offshore finance centres) is facing growing internal tension as its decades-long strategy of attracting global billionaires and multinational wealth drives up living costs for ordinary residents, with food bank usage tripling in the three years to 2024. The nine-by-five-mile island offers some of the world's most generous tax incentives — including zero inheritance, capital gains, and corporation tax — which have made its GDP per head nearly 60% higher than the UK's, yet many islanders say inflated housing costs and a finance-dominated economy have left them behind. Jersey's government has launched a £31m plan to modernise and diversify its financial sector, including a push into crypto assets, even as it faces rising competition from Dubai and Singapore and renewed scrutiny over its refusal to make its corporate ownership register public.