Guernsey, along with Jersey has the warmest climate of any of the British Isles. Situated about 20 miles from France, and only 45 minutes flying time from London, it has become a favourite for people looking to relocate offshore, whilst still being within easy reach of their families in the UK. It is a huge offshore finance centre, with industries as diverse as Funds, Trust, Captive Insurance and Investment Management all having a major foothold in the island. It also benefits from first rate education, and a flat rate of 20% income tax, allied to a personal allowance of nearly £9000, which all contribute to it being one of the most desirable places to live in Britain.