LONDON (Bloomberg) — The island of Jersey bowed to political pressure and agreed to share information with the British government on individuals seeking to evade tax, becoming the last UK offshore tax haven to offer greater disclosure.

A Tax Information Exchange Agreement was signed in London between Financial Secretary Stephen Timms and Jersey Chief Minister Terry Le Sueur, the Revenue and Customs department said in a statement yesterday. The UK already has similar accords with Bermuda, the Isle of Man, the British Virgin Islands and Guernsey.

Prime Minister Gordon Brown has said he expects new financial rules under negotiation by Group of 20 industrial nations to be extended to tax havens as the recession worsens.

"There has been a lot of arm-twisting," Richard Woodward, a lecturer in politics at University of Hull, said in an interview. "By signing an agreement Jersey are saying to people 'we are safe, and you are not going to have the revenue authorities chasing you here'."