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May vows energy price cap if re-elected: Wednesday, May 10 2017 See Inside 1.10€ · Founded 1962 · N.16273 · Passeig de 9 A, Palma 07011

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CIUTADELLA 24 Today CALA SAN VICENTE 12 POLLENSA MAÓ ALCALCÚDIAÚDIA 24 14 24 SSÓLLERÓLLER 13 ibraltar is preparing for a post-Brexit 22 12 INCA SON SERVERA 26 12 PALMA 23 setup in which its firms will no longer MAGALLUF 14 24 24 SANTA 11 23 13 PONSA 14 CALA D’OR 26 have access to the European Union mar- 12 SANTANYSANTANYÍÍ Wind SANT 23 N ANTONI 14 23 EIVISSAA Nw Ne 15 ket but will maintain a preferential re- 23 15 W E

G Sw Se lationship with Britain, a top Gibraltar financial Gibraltar S official said yesterday. The tiny British enclave on ’s southern tip, with a population of 30,000, TODAY´S is home to around 15,000 companies and is a ma- WEATHER jor provider of insurance and gambling services. “We are currently planning for a hard Brexit,” prepares to James Tipping, director at Gibraltar’s government LABOUR LEADER body for financial promotion, told EU lawmakers in a hearing in Brussels. He said Gibraltar did not Corbyn´s expect to obtain a “special status” and was re- divorce signed to lose its access to the EU market after Britain leaves the EU at the end of a process trig- deal leave the gered in March by British prime minister Theresa ● Opposition leader May. This would mark a shift in Gibraltar’s stated Jeremy Corbyn said policy of seeking extraordinary arrangements yesterday his Labour with the EU after Brexit . Many companies have Party would negotiate a so far been attracted to Gibraltar by the prospect divorce deal with the of being able to operate in all 28 EU countries EU to secure tariff-free European trade if it won power from a territory with low tax rates and business- friendly regulations. The loss of the access to the next month, but de- EU market, granted to EU member states by so- clined to say whether called passporting rules, may reduce firms’ appe- he would lead Britain tite to establish their headquarters in the British out of the bloc no mat- Union enclave. ter what.