UK confirms post-Brexit market access for Rock’s financial services

UK confirms post-Brexit market access for Rock’s financial services

The British Government will maintain Gibraltar’s access to the UK market for financial services and work to deepen economic ties with the Rock after Brexit, Britain’s Secretary of State for International Trade, Dr Liam Fox, told a high-powered business lunch in London yesterday.

In a message that will go a long way to easing concerns in the finance sector, Dr Fox made clear the UK’s commitment to maintaining and building on the Rock’s “long, rich and productive” economic relationship with the UK.

“It is important that we continue to work together to maintain and strengthen the UK-Gibraltar bond as we move together into a bright new future,” he said.

“When it comes to financial services, there are strong mechanisms already underpinning Gibraltar’s access to the UK market which are enshrined in UK law,” he said.

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“The government’s clear intention is to maintain that access.”

“We have also agreed that together we will examine ways to broaden our economic cooperation and increase market access, and will take into account the priorities of Gibraltar and other overseas territories as the UK looks to establish new trade and investment agreements with the wider world.”

Dr Fox was addressing 300 guests at the financial services lunch at the Guildhall, part of the Gibraltar Day in London events.

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