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.
Governments and geopolitical strategists use simulations to test what might happen when other players react. The same thinking can help businesses challenge assumptions, anticipate competitors and prepare for decisions before real money is on the line.
From Hong Kong to Abu Dhabi, Gibraltar is pursuing new industries and investors as part of a major economic diversification drive. Minister Nigel Feetham says the campaign is already generating business. The bigger question is how far those opportunities can spread through Gibraltar’s wider economy.
Gibraltar plans a new residency route for financially independent over-55s alongside a new business think tank announced at GibLink London.
New frontier lanes and discussions around a cross-border transport interchange raise questions about buses, workers, visitors and business connectivity.
Could a future UK-EU food agreement make it easier for British produce to return to Gibraltar shelves? British produce has long been part of Gibraltar’s shopping experience; I wrote about it a couple of years ago, before we had a Treaty in place. From supermarket staples and fresh food to familiar household brands, we’ve spent […]