#AceNewsReport – Oct.22: Rocked by Brexit vote, Gibraltar lays plans for new kind of EU relationship
But Spain’s readiness to play hardball on UK sovereignty means negotiating a prosperous future for the territory’s businesses will not be a simple matter
According to more than one member of Gibraltar’s business community, it felt “like someone had died”. The day after Britain’s #Brexit vote, this outpost of Albion on Spain’s southern tip was in shock.
The Rock’s residents voted 96% to remain. Its flourishing economy, built around financial services, e-commerce and online gaming, is based on the single market and free movement: every day, nearly half its entire workforce – 12,000 Spanish and other EU nationals – commute across the border daily ….
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