News
GFSB response to Budget
The GFSB notes the measures in the budget and understands that these come in the context of trying times. The Federation would have preferred and had requested, for the minimum wage increase to be postponed for at least a year and for no increases to be made to the cost of utilities.
Aside from these matters, the Federation does not have any significant concerns with the measures in the budget and welcomes the employment and capital tax allowances announced.
However, it does feel that these measures are overshadowed by the large increases that were made to social insurance prior to the budget, which imposes significant additional costs on its members.
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OTHER NEWS
Thrive
Explained: Price Setting
Pricing is one of the hardest decisions small businesses face, especially when costs are rising and uncertainty continues to affect local trading conditions. This explainer looks at why businesses review prices, how to understand cost and value, and how to communicate changes clearly without damaging customer trust.
Brexit
BTAG Convened
With the treaty implementation date pushed to 15 July 2026 businesses have more time to adapt to the changes that are coming. So too does Government as it works to develop the new processes and procedures that will facilitate the treaty implementation. The Government’s BTAG committee, of which the GFSB is a member, met on Friday 24 April 2026 to continue preparations ahead of Treaty implementation.
Events
Big Ideas Welcome
The Gibtelecom Business Innovation Award is back, and it’s designed to recognise the ideas that are genuinely moving Gibraltar’s business landscape forward. This is not just about new technology. It is about rethinking how you operate, how you serve customers, and how you grow. Whether that’s a smarter process, a new service, or a fresh way of approaching your market, innovation comes in many forms.
We’re excited to announce the launch of the BizEd Management Online Course, a new CPD programme designed to help you strengthen your leadership, sharpen your strategy and grow your business. Delivered in partnership with the University of the West of England (UWE Bristol), this course brings UK-recognised expertise, combining academic excellence with practical, real-world insights you can apply immediately.
Brexit
Letter to Government
A coalition of Gibraltar’s leading business organisations, including the GFSB, Chamber of Commerce and sector bodies, has written to the Chief Minister and Minister for Business following up on their February open letter on treaty readiness. Its main message? The extra time ahead of the 15th July implementation is welcome, but what really matters now is how this time is being used.