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Barclays shut down Sark interests Barclays shut down Sark interests
(20 minutes later)
The billionaire Barclay brothers are closing their businesses in Sark, with the loss of 100 jobs - about a sixth of the Channel Island's population. The billionaire Barclay brothers are closing businesses in Sark, with the loss of about 100 jobs - a sixth of the Channel Island's population.
The jobs are in hotels, shops, estate agents, restaurants and building firms.The jobs are in hotels, shops, estate agents, restaurants and building firms.
Sir David and Sir Frederick want radical electoral reforms on Sark and object to the hereditary posts of seigneur and seneschal remaining.Sir David and Sir Frederick want radical electoral reforms on Sark and object to the hereditary posts of seigneur and seneschal remaining.
Sark's first election to choose a democratic government for nearly 450 years was held on Wednesday.Sark's first election to choose a democratic government for nearly 450 years was held on Wednesday.
Election recount
Preliminary results showed that not many of the pro-reform candidates had been successful and it looks like the recount will reveal the Chief Pleas will have a majority of elected representatives who do not want change.Preliminary results showed that not many of the pro-reform candidates had been successful and it looks like the recount will reveal the Chief Pleas will have a majority of elected representatives who do not want change.
A recount is currently under way because several candidates vying for the final seat came within just a few votes of each other. The results are expected later.A recount is currently under way because several candidates vying for the final seat came within just a few votes of each other. The results are expected later.
The people of Sark are reaping what they sowed... they only have themselves to blame Gordon Dawes, advocate for the Barclay twins
The seigneur is the head of the government, while the seneschal is Sark's chief judge and the president of the Chief Pleas.The seigneur is the head of the government, while the seneschal is Sark's chief judge and the president of the Chief Pleas.
Advocate Gordon Dawes, who represents the Barclays, said that he was not entirely surprised that some Barclay-owned interests had been closed down on Sark.
"The people of Sark are reaping what they sowed the day before," he said.
"They only have themselves to blame. They could have cooperated with Barclays Investment but they chose to obstruct it.
'No support'
"It was clear the Barclays were clear on their commitment to the island with support - they got no support at all.
"Sark doesn't appear to want or appreciate the Barclays' investment and so it doesn't have it.
"The island cannot at the same time treat the Barclay family in the way that it has and expect them to continue investing large sums of money into its economy."
According to Mr Dawes, the businesses that the Barclays have shut down are operations that would normally be closed over the winter.
"Sark is going back to where it was before the Barclay brothers were there," he added.
The 73-year-old twins, who own the Telegraph Group, have other interests in the Channel Islands - in 1993 they bought the neighbouring island of Brecqhou.