Gibraltar Plans for Hard Brexit, End of Access to EU Market
Gibraltar is preparing for a post-Brexit setup in which its firms will have no longer access to the European Union market but will maintain a preferential relationship with Britain, a top Gibraltar financial official said on Tuesday. The tiny British enclave on Spain’s southern tip, with a population of 30,000, is home to around 15,000 companies and is a major provider of insurance and gambling services. “We are currently planning for a hard Brexit,” James Tipping, director at Gibraltar’s government body for financial promotion, told EU lawmakers in a hearing in Brussels. He said Gibraltar did not expect to obtain …