Overseas Territories

Roger Gale Excerpts
Thursday 11th May 2023

(1 year ago)

Commons Chamber
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[Relevant documents: oral evidence taken before the European Scrutiny Committee on 24 November 2021, on Negotiations with the European Union in respect of Gibraltar, HC 703; and oral evidence taken before the European Scrutiny Committee on 19 October 2022, on The UK’s EU representation: what has changed and how is it working?, HC 123.]
Roger Gale Portrait Mr Deputy Speaker (Sir Roger Gale)
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Before we start, in order to accommodate this debate and the subsequent debate, I am placing a five-minute limit on speeches after the Front Benchers have spoken.

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None Portrait Several hon. Members rose—
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Roger Gale Portrait Mr Deputy Speaker (Sir Roger Gale)
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Order. The Opposition and Government Front Benchers and the SNP spokesman will wind up at the end of the debate, so we now move to a five-minute limit on speeches.

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Robert Neill Portrait Sir Robert Neill
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I entirely agree. I am glad to say that the Chief Minister of Gibraltar made a clear statement after that unfortunate comment was made, making it clear that there was no question of concern for the Government of Gibraltar as to the competence or probity of the official’s conduct. Fortunately, nothing was done to prejudice negotiations, but the raising of that did not help at that time, and it was a needless distraction. I hope therefore that we will show the same maturity as Gibraltarians have throughout the whole process.

The final thing I was going to touch on was the whole question of sovereign rate borrowing, which has already been referred to. Because of the pandemic, Gibraltar had to borrow significantly. We were grateful for the support it was given. It wants to continue to be able to borrow money at UK sovereign rates, because the sovereign rate guarantee means it can get a much more attractive rate. Given that we are already charging it more than the rest of the UK would pay for its NHS supplies—much of that went to keep its health service and economy going—surely we owe it the decency of a guarantee of 25 years’ repayment at sovereign rates on the money that was borrowed to assist it during the pandemic.

Gibraltar is a brilliant place. I hope many Members will join the all-party group, and I hope they will be at the national day again this year, joining the people of Gibraltar in reaffirming their British identity, but we need to give them practical support in the interim now.

Roger Gale Portrait Mr Deputy Speaker (Sir Roger Gale)
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I call the SNP spokesperson.