• GMF costs prompt questions on Govt spending

    GMF costs prompt questions on Govt spending

    • July 7, 2016

    Gibraltar should spend within its means and prioritise how it employs public funds, Opposition MP Roy Clinton said this week as he claimed the Gibraltar Music Festival had cost the taxpayer £2.25m. The Gibraltar Government has yet to confirm the final cost of last year’s festival but insisted yesterday the GSD MP was wrong in

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  • Bossano bullish on Rock’s post-Brexit future

    Bossano bullish on Rock’s post-Brexit future

    • July 7, 2016

    The process of leaving the EU is unlikely to impact directly on Gibraltar’s economy for at least two financial years, Joe Bossano told Parliament as he urged the community to remain positive about the future. In a budget speech, the Minister for Economic Development, Telecommunications and the Gibraltar Savings Bank said Gibraltar’s economic model and

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  • £300m housing deal ‘signals investor support’, but raises questions

    £300m housing deal ‘signals investor support’, but raises questions

    • July 6, 2016

    The Gibraltar Government has secured a £300m “institutional investment” in Gibraltar on the strength of the Rock’s “enhanced and refurbished” public housing stock, the Chief Minister revealed during his budget speech. In layman’s terms, the investment is similar to a long-term £300m loan at very favourable interest rates secured against six government-owned housing estates. Fabian

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  • Govt ends Gib Day in London Guildhall event

    Govt ends Gib Day in London Guildhall event

    • July 6, 2016

    2015 saw the last Gibraltar Day in London event at the Guildhall. This was confirmed by Deputy Chief Minister Dr Joseph Garcia in Parliament yesterday during his budget speech when he announced a new Government strategy for Gibraltar’s political lobbying in London and elsewhere. Gibraltar Day in London, he said, had reached bursting point and

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  • Feetham reaffirms unity, but questions figures

    Feetham reaffirms unity, but questions figures

    • July 5, 2016

    The GSD yesterday reaffirmed the need for a united front in the face of Brexit, even as it questioned the Gibraltar Government’s economic data and its commitment to prudent public spending. Opposition leader Daniel Feetham said the UK’s vote to leave the EU was “…potentially the single largest threat to our economic model since the

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  • Picardo delivers ‘confident but prudent’ Brexit budget

    Picardo delivers ‘confident but prudent’ Brexit budget

    • July 5, 2016

    Chief Minister Fabian Picardo delivered a “cautious” Budget yesterday as he warned of the “seismic” effects of Brexit on Gibraltar and the need for restraint in public spending. In a two-hour speech that contained few stand-out giveaways, Mr Picardo said Gibraltar must remain “united and very alert” to protect its existing economic model and develop

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