What happened: A packed-out Gibtelecom Conference Hall saw GFSB and Chamber members gather for a Brexit Treaty Members Forum intended as a listening session. Sector-specific business groups were also present at the session. It quickly became clear that this was less Q&A and more “questions and questions”. There are still too many unknowns, and anxieties (and tempers) are running high.
The mood: Frustration. Worry. Anger. A strong sense that the knock-on effects will reach far beyond importers and retailers. Concerns ranged from poor business licence enforcement, unregulated cross-border service providers and maintaining a level playing field, to accountability and even the perceived loss of Gibraltar’s uniqueness due to lost logistic routes and higher costs of importing UK goods under the Treaty.
Key themes raised by those present:
What’s clear: Businesses want clarity before implementation, not after. There is also a shared concern that once the Treaty is ratified, political focus may move on while commercial realities intensify.
Next steps: The GFSB and the Chamber will now distil the shared issues raised both at the meeting and since the announcement of the Treaty implementation date and formally present them to Government.
The GFSB has conducted a flash survey of its members concerning their experiences during the first two weeks of the new Treaty arrangements.
The Office of Fair Trading's latest Annual Report reveals record numbers of businesses, plans to simplify licensing through a new Business Act and fewer consumer complaints. GFSB's Business Support Manager, Kim Chang, breaks down what the proposed reforms, increased digital services and stronger enforcement could mean for businesses, and why the GFSB's role in shaping policy has been recognised.
What a year it's been! From the Treaty moving from negotiation to reality to AI, workplace pensions, business confidence and everything in between, this year's Thrive EDIT has helped members navigate one of the busiest periods in Gibraltar's recent history. Before we take a short summer break, Editor David Revagliatte looks back at the stories that shaped the year and thanks readers for joining us on the journey.
Could Gibraltar be missing a golden opportunity? GFSB Board Director Brian Ross believes the answer is yes. In this thought-provoking opinion piece, he argues that Gibraltar should consider a residency route for financially self-sufficient individuals, attracting experienced people with the wealth, expertise and international networks to strengthen our economy. Could this be the next step in keeping Gibraltar competitive?
For many SMEs, the success of the business has been built on the expertise, relationships and commitment of its owner. This entrepreneurial approach has been instrumental in the growth of many of Gibraltar's successful businesses. However, as organisations develop, dependence on a single individual can become a strategic risk.