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.
This week’s Do Better Business looks at cost-to-serve, price architecture and how businesses can make sure their pricing reflects the value and complexity built into what they actually deliver.
The frontier is easier to cross, Alcaidesa Marina’s €15m commercial development is taking shape and retailers are adapting to new import costs and changing customer habits. Drawing on recent conversations with Main Street businesses and our interview with Gemma Arias-Vasquez and Louis Montegriffo, we look at where Gibraltar retail goes next.
Algeciras and Tarifa are developing cruise offers of their own. Gibraltar remains the Bay’s established port of call, but a more ambitious regional tourism market makes the quality of each visitor’s experience here increasingly important. Thrive Editor, David Revagliatte explores what this could mean for local businesses. Gibraltar expects around 260 cruise calls in 2026. […]
New rules give eligible retailers and wholesalers a route to tax relief on some of the additional Transaction Tax incurred during the first 90 days of Treaty implementation. The detail is important, including who qualifies, how the deduction is calculated and the choice businesses will need to make between this measure and forthcoming modernisation support. […]
Last week’s GFSB Summer Party brought members together for an evening of conversation, new connections and a chance to reconnect ahead of Q4. With thanks to justbank and Capurro Insurance for supporting the event, we’ve pulled together some of our favourite photos from the night.