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Subject

Gibraltar and Brexit.

Significance

Brexit means that Gibraltar is set to leave the EU single market. This threatens the employment of the 10,000 Spanish workers who commute daily to Gibraltar for work in basic services, as well as affecting the industries which rely on those workers and the local economy’s access to Spanish goods, services and money. Brexit could also damage crucial industries such as e-gaming, with firms looking to relocate to continue having access to the EU market.

Impacts

A hard border in Gibraltar would likely trigger social unrest in the Spanish commuter town of La Linea.

With London set to become an EU economic competitor post-Brexit, Brussels's and Madrid’s positions on Gibraltar could harden.

A new UK-Spanish tax treaty will make it harder for citizens and businesses to use Gibraltar solely for tax purposes.

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