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Gibraltar Launches Brexit Impact Review

by Jason Gorringe, Lowtax.net, London
22 July, 2016

Gibraltar has started a holistic review of how the territory will be impacted by the UK leaving the European Union.

The Chief Minister has written to all ministers asking them to carefully look at every sphere of their ministerial responsibility and to report back to him and to the Deputy Chief Minister by the end of August. These findings will feed into a similar review being undertaken by the UK Government.

The assessment will enable the Gibraltar to seek certain outcomes in the UK's exit negotiations and help identify potential new business opportunities.

Deputy Chief Minister Joseph Garcia said: "This is part of the work we need to do to keep all our options open and to ensure that we emerge from the aftermath of the effect of the EU Referendum stronger than ever. Our future participation in the EU must be carefully and properly calibrated and is one that we expect we will be able to agree with the UK and the EU Institutions."

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