Chamber welcomes ‘In Principle’ Agreement on Schengen

The Board of the Gibraltar Chamber of Commerce welcomes the ‘In Principle’ Agreement between the Governments of the UK and Spain with regard to Gibraltar’s future relationship with the EU which was announced on New Year’s Eve. It offers the possibility of preventing a hard border and also of unlocking the full potential of both Gibraltar and the Campo area so that the entire region becomes a magnet for greater investment leading to fuller employment and growing economic prosperity for all. As clearly highlighted in both of the Economic Impact studies which the Gibraltar Chamber...

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Chamber welcomes the full reopening of Line Wall Road

The Chamber of Commerce applauds the Government for its announcement that it will reopen Line Wall Road to all vehicles in both directions as from Monday 9th November. When the Government brought in restricted access to Line Wall Road four months ago, the Chamber took the decision not to prejudge the effect it might have on local businesses and local residents. Over the last few months the Chamber has received numerous comments and complaints from members about how the restricted access has adversely been affecting their businesses. Before deciding on what actions the Chamber could...

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Unite’s comments on employers are unfounded and irresponsible

Once again Unite has chosen to cause unnecessary distress and alarm with unfounded allegations about local employers.  In doing so, the union also seeks to increase the burden of costs for local employers at a time when many are struggling to make ends meet. It is utterly reprehensible for the union to allege that companies are using the current pandemic to make workers redundant unnecessarily.  To do so would cost employers even more money which many do not have. If this were the case, who would do the work? At a time when the majority of local companies have seen...

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Chamber reacts to minimum wage increase

Following the increase in the minimum wage as announced in the annual budget in July last year, the Chamber feels compelled to respond to some of the comments by Unite the Union over this month’s increase. When the Chief Minister made the announcement last year of progressive increases in the minimum wage over a 3-year period, no-one could have foreseen the dramatic change in the economic landscape that has come to pass since March this year.  Indeed, the Chamber wrote to the Chief Minister in July highlighting that if the increase went ahead, it would “probably result in job...

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Chamber & GFSB welcome duty measures

The Chamber of Commerce and the GFSB welcome the new Beat economic assistance package for quarter 3 announced by Government in Parliament last week as well as the changes to the import duty structure announced on 30th June. These measures follow close consultation between the Chamber and the GFSB, Government and the Unions as part of the range of measures discussed at CELAC. They are aimed at protecting employment by giving businesses a fighting chance in the current economic crisis and fit with the current “Support Local” campaign organised and funded by the Chamber, the GFSB and the...

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GIBRALTAR BUSINESS SPRING/SUMMER 2020

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