Chamber urges Government to rethink increases in social insurance to protect jobs and safeguard economic recovery

The recent announcement of huge increases in social insurance payments highlights the precarious state of the Government’s finances in the wake of not only the Covid Pandemic but also years of rampant recurrent and capital expenditure. It also demonstrates the inconsistent approach which the Government takes on consulting on matters affecting the business community. It beggars belief that these measures have been announced without consultation and without notice to those most affected. When social insurance costs were increased in 2017, the Government said it had to impose a double...

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Chamber welcomes extension to BEAT measures

The Gibraltar Chamber of Commerce welcomes the Government announcement that the rental discount scheme for commercial tenants in the retail, leisure and hospitality sectors has been extended for a further month until the end of June following further representations from the Chamber. These representations were made in light of the persistently weak trading environment for many businesses in these sectors over the last three months. The Chamber also welcomes the moratorium on rental increases to commercial tenants of Government-owned premises until 31st  December 2021. Similarly,...

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Chamber appeals to Government on June rent discounts

The Chamber is disappointed that the Government has not responded to its request to extend the discount scheme on commercial rents or the import duty waiver until the end of June. In mid March the Chamber raised the issue of extending the BEAT measures for the whole of the second quarter with the Government.  This was because it was clear that many local businesses were suffering from a lack of customers and particularly tourists.  With few flights and empty hotels, local businesses in the retail, hospitality and leisure sectors had very thin trading levels during the first...

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Chamber to meet with Government on Q2 rent discounts

Further to our statement earlier today, the Gibraltar Chamber of Commerce will be meeting with the Government on Wednesday 14th April to discuss discounts for commercial rents in the coming months. The Chamber will make a fuller statement subject to the outcome of this meeting.

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Amendment to Q2 BEAT measures

The Gibraltar Chamber of Commerce welcomed the announcement on the 8th April by the Government that the BEAT measures to assist businesses were being extended for a further three months until the end of June. In the Government’s statement on 8th April there was no mention of measures relating to the extension of discounts for commercial rents.  The Chamber sought clarification from the Government on this. Before the Chamber issued its statement on Friday 9th April, the Government had confirmed verbally to the Chamber that existing rental discounts would also be extended for the...

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Chamber welcomes continued support for local business

The Gibraltar Chamber of Commerce welcomes the announcement by the Government that the BEAT measures to assist businesses have been extended for a further three months until the end of June. The Chamber has been working closely with the Government since March 2020 on the various Beat measures and it is gratifying that the Chief Minister acknowledges that these measures have been extended as a direct result of the Chamber’s incessant lobbying. This is what our members expect.  This is what the Chamber will continue to do on behalf of all of its members. The Government has also...

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