The islands have co-operated on subjects of mutual interest before

Guernsey's Council of Ministers and presidents of Jersey's government committees will meet to look at sharing financial services and health care.

There have already been unofficial meetings between politicians led by Jersey Senator Dick Shenton.

But now Guernsey's new government is in place, Jersey Senator Frank Walker wants both island leaders to meet.

Senator Walker, president of Jersey's Policy and Resources Committee, said he believed the islands were stronger when they acted together on matters such as EU tax proposals.

He has also claimed both islands could save money by co-operating more closely on matters such as health care provision and regulating financial services.

But neither he nor his Guernsey counterpart, Chief Minister Laurie Morgan, are yet in favour of creating a Channel Islands Commission, despite support for the idea from both islands' Institutes of Directors.