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Local News

Picardo’s final Budget sets course for treaty changes next week 

Chief Minister Fabian Picardo delivered his final Budget ahead of the “greatest change” in Gibraltar’s economy with the provisional implementation of the treaty, which comes into effect next week.  Mr Picardo was emotional as he closed his almost four hour-long address and outlined the economic changes such as the forthcoming introduction of a transaction tax and the Government’s largest surplus since the pandemic at £15m.   Further announcements in...

Local News

CM delivers final Budget ahead of 'greatest change' to local economy with treaty implementation

Chief Minister Fabian Picardo delivered his final Budget ahead of the “greatest change” in the operation of Gibraltar’s economy in 55 years with the provisional implementation of the treaty, which comes into effect next week. Mr Picardo was emotional as he closed his almost four hour-long address and outlined the economic changes such as the...

Local News

Gibraltar Tourist Board welcomes 10 summer students

The Gibraltar Tourist Board has welcomed 10 students who will support its work across the tourism sector during the summer. Most will work as Visitor Engagement Officers at locations with high visitor footfall, providing tourist information, directions and practical assistance. They will also conduct tourist surveys on behalf of the Statistics Office and encourage visitors...

Local News

CM sets out long-term plan to repay £500m facility, offers details on Sovereign Wealth Fund

Chief Minister Fabian Picardo used his Budget statement to set out a long-term refinancing plan for the £500m facility obtained during the Covid pandemic, alongside details on Gibraltar’s new Sovereign Wealth Fund, which he said could grow to between £700m and £1bn over 35 years. Mr Picardo said the borrowing had been necessary during Covid-19...

UK/Spain News

UK/Spain News

Moreno secures second term after PP seals coalition deal with Vox

Juan Manuel Moreno was on Thursday sworn in as President of the Junta de Andalucía after securing the backing of the Andalusian Parliament following a coalition agreement between the Partido Popular and Vox. Moreno secured 68 votes in favour and 41 against in the second round of the investiture debate, giving him the simple majority...

UK/Spain News

Commons to debate Gib treaty on July 8 ahead of formal ratification

The House of Commons will debate the UK/EU treaty on Gibraltar next week, even before the formal ratification process has commenced. The debate appears in the Commons order paper for Wednesday July 8, where it is listed for 9.30am under the title “That this House has considered the draft UK-EU Agreement on Gibraltar”, with Conservative...

UK/Spain News

Cross-border exhibition celebrating shared identity closes in La Linea

A month-long cross-border exhibition exploring the cultural ties between Gibraltar and La Linea has come to an end at the Casa de la Cultura after bringing together artists, historians, community groups and residents from both sides of the border.  Al Cielo con Ella ran throughout June, offering a programme of artistic and community activities that examined the physical and emotional connections between...

UK/Spain News

Defence plan earmarks £1.9bn for overseas bases and ‘continued support’ for Gib 

The UK Government’s Defence Investment Plan [Dip] earmarks £1.9 billion for investment in Britain’s overseas bases through to 2030 and expressly sets out continued support for the base in Gibraltar.  The plan was published on Monday and Prime Minister Sir Keir Starmer said an extra £15 billion investment in defence will mean the UK will be ready to fight Russia if Vladimir Putin launches an attack in 2030.  “When...