The industry of Tourism, manufacturing, and horticulture, saw its decline in recent times. In this tax land, taxes are generally levied on the Light taxes and death duties from where the returns are generally earned. The economic integration of the EU nations has come up with a new set of rules on which the area functions. The province is even improving the present tax rules in order to compete in the international market. Guernsey is known to posses its own sterling coinage and currency notes. UK currency, English and Scottish banknotes circulates freely within the region.
One gets to experience the traces of French culture, combined with the Anglo-Saxon and Continental ethnicity that is clearly distinct within their culture. Portuguese is also accepted by 2% of the population residing in this place.