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UK confirms sovereign guarantee for Gib to borrow £500m in Covid crisis

Photo by REUTERS/Toby Melville

The UK Government has confirmed it will provide a loan guarantee enabling the Gibraltar Government to borrow up to £500m at favourable sovereign rates, giving the Rock additional financial firepower at a time when its economy has been hit hard by the Covid-19 public health crisis. The guarantee, which follows months of negotiation and detailed...

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