Gibraltar: Economic Situation and Overseas Trade

(asked on 15th March 2024) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Minister of State, Foreign, Commonwealth and Development Office, what steps he is taking with Cabinet colleagues to help (a) support the economy of and (b) increase trade between the UK and Gibraltar.


Answered by
Leo Docherty Portrait
Leo Docherty
Minister of State (Ministry of Defence) (Minister for the Armed Forces)
This question was answered on 25th March 2024

The UK is committed to supporting Gibraltar, its people and its economy. We are working side-by-side with the Government of Gibraltar to conclude a UK-EU treaty which can secure the future prosperity of Gibraltar and the region. We continue to collaborate on shared prosperity goals. For example, the UK's £500 million Loan Guarantee to support Gibraltar's economy was extended in 2023 for a further three years and the implementation of the Gibraltar Authorisation Regime will facilitate financial services business between the two jurisdictions on a permanent basis.

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