Thursday 10Th December 2020

Total Page:16

File Type:pdf, Size:1020Kb

Thursday 10Th December 2020 P R O C E E D I N G S O F T H E G I B R A L T A R P A R L I A M E N T AFTERNOON SESSION: 3.30 p.m. – 8.02 p.m. Gibraltar, Thursday, 10th December 2020 Contents Prayer ............................................................................................................................................... 3 Suspension of Standing Orders ........................................................................................................ 3 Standing Order 7(1) suspended to proceed with laying of papers ........................................... 3 Papers to be laid ............................................................................................................................... 3 Suspension of Standing Orders ........................................................................................................ 4 Standing Order 7(1) suspended to proceed with Government Statements ............................ 4 Ongoing negotiations for a future relationship with the EU – Statement by the Chief Minister ..................................................................................................................................... 4 New £500 million facility with NatWest – Statement by the Chief Minister ......................... 11 BEAT 4.0 – Statement by the Chief Minister .......................................................................... 27 Suspension of Standing Orders ...................................................................................................... 35 Standing Order 7(1) suspended to proceed with Government Bills ...................................... 35 The House recessed at 6.20 p.m. and resumed its sitting at 6.35 p.m. .................................. 35 Order of the Day .................................................................................................................. 35 Bills ................................................................................................................................................. 35 First and Second Reading ............................................................................................................... 35 Nature Protection (Amendment) Bill 2020 – First Reading approved.................................... 35 Nature Protection (Amendment) Bill 2020 – Second Reading approved ............................... 36 Nature Protection (Amendment) Bill 2020 – Committee Stage and Third Reading to be taken at this sitting ........................................................................................................................... 38 _______________________________________________________________________________ Published by © The Gibraltar Parliament, 2020 GIBRALTAR PARLIAMENT, THURSDAY, 10th DECEMBER 2020 Intellectual Property (Copyright and Related Rights) (Amendment) Bill 2020 – First Reading approved ................................................................................................................................ 39 Intellectual Property (Copyright and Related Rights) (Amendment) Bill 2020 – Second Reading approved .................................................................................................................. 39 Intellectual Property (Copyright and Related Rights) (Amendment) Bill 2020 – Committee Stage and Third Reading to be taken at this sitting ............................................................... 40 Trade Marks and Patents (Miscellaneous Amendments) Bill 2020 – First Reading approved ................................................................................................................................................ 40 Trade Marks and Patents (Miscellaneous Amendments) Bill 2020 – Second Reading approved ................................................................................................................................ 40 Trade Marks and Patents (Miscellaneous Amendments) Bill 2020 – Committee Stage and Third Reading to be taken at this sitting ................................................................................ 42 Competition Bill 2020 – First Reading approved .................................................................... 42 Competition Bill 2020 – Second Reading approved ............................................................... 43 Competition Bill 2020 – Committee Stage and Third Reading to be taken at this sitting ..... 53 Committee Stage and Third Reading ............................................................................................. 53 Nature Protection (Amendment) Bill 2020 – Clauses considered and approved .................. 54 Intellectual Property (Copyright and Related Rights) (Amendment) Bill 2020 – Clauses considered and approved ...................................................................................................... 55 Trade Marks and Patents (Miscellaneous Amendments) Bill 2020 – Clauses considered and approved ................................................................................................................................ 55 Competition Bill 2020 – Clauses considered and approved ................................................... 55 Nature Protection (Amendment) Bill 2020 – Intellectual Property (Copyright and Related Rights) (Amendment) Bill 2020 – Trade Marks and Patents (Miscellaneous Amendments) Bill 2020 – Competition Bill 2020 – Third Reading approved: Bills passed .................................. 57 The House adjourned at 8.02 p.m. ......................................................................................... 58 ________________________________________________________________________ 2 GIBRALTAR PARLIAMENT, THURSDAY, 10th DECEMBER 2020 The Gibraltar Parliament The Parliament met at 3.30 p.m. [MR SPEAKER: Hon. M L Farrell BEM GMD RD JP in the Chair] [CLERK TO THE PARLIAMENT: P E Martinez Esq in attendance] PRAYER Mr Speaker SUSPENSION OF STANDING ORDERS Standing Order 7(1) suspended to proceed with laying of papers Clerk: Thursday, 10th December 2020. Meeting of Parliament. Suspension of Standing Orders – the Hon. the Chief Minister. Chief Minister (Hon. F R Picardo): Mr Speaker, I beg to move, under Standing Order 7(3), to suspend Standing Order 7(1) in order to proceed with the laying of documents on the table. Mr Speaker: Those in favour? (Members: Aye.) Those against? Carried. PAPERS TO BE LAID Clerk: (vi) Papers to be laid – the Hon. the Chief Minister. 5 Chief Minister (Hon. F R Picardo): Mr Speaker, I have the honour to lay on the table: pursuant to section 12 of the Public Finance (Borrowing Powers) Act, the revolving facility agreement for £500 million sterling for Her Majesty’s Government of Gibraltar, as borrower, arranged by National Westminster Bank PLC and the Royal Bank of Scotland International Ltd, trading as NatWest International, with National Westminster Bank PLC acting as agent, dated 3rd December 10 2020; the Income Tax (Allowances, Deductions and Exemptions) (Amendment No. 2) Rules 2018, published as Legal Notice 282/2018; and the Electric Vehicle Charger (Deductions) Rules 2018, which was published as Legal Notice 283/2018. Mr Speaker: Ordered to lie. 15 Clerk: The Hon. the Minister for the Health Authority, Justice, Multiculturalism, Equality and Community Affairs. Minister for the Health Authority, Justice, Multiculturalism, Equality and Community Affairs 20 (Hon. Miss S J Sacramento): Mr Speaker, I have the honour to lay on the table a Command Paper ________________________________________________________________________ 3 GIBRALTAR PARLIAMENT, THURSDAY, 10th DECEMBER 2020 on a draft Bill for an Act to make provision in relation to domestic abuse and for connected purposes. Mr Speaker: Ordered to lie. SUSPENSION OF STANDING ORDERS Standing Order 7(1) suspended to proceed with Government Statements 25 Clerk: Suspension of Standing Orders – the Hon. the Chief Minister. Chief Minister (Hon. F R Picardo): Mr Speaker, I beg to move, under Standing Order 7(3), to suspend Standing Order 7(1) in order to proceed with Government Statements. Mr Speaker: Those in favour? (Members: Aye.) Those against? Carried. Ongoing negotiations for a future relationship with the EU – Statement by the Chief Minister Chief Minister (Hon. F R Picardo): Mr Speaker, I want to thank you and the House for its 30 indulgence in recent months as we have conducted the detailed and intensive negotiations on our future relationship with the European Union. We have asked colleagues, on a number of occasions, to adjourn the House without dealing with business. We have been unable to deal with ordinary business on the ordinary timetable that we would wish to be adhering to and to the rhythm that we introduced after our first election nine years ago. The work of Select Committees 35 has not been able to get underway in earnest, either. This is obviously something that we very much regret on this side of the House. Members are aware of the reasons for the need for such unusual and repeated adjournments. I am grateful to Members on both sides of the House for the latitude that they have shown us in that respect. All hon. Members and all citizens will, no doubt, have been following the rolling news channels 40 reporting on the state of the current negotiations between the United Kingdom and the European Union on ‘the future relationship’, as it is known. Given that we have always been clear in our views in this House – and the overwhelming result of the referendum in 2016 was certainly, if nothing else, very clear – I think it is equally
Recommended publications
  • THE CHIEF MINISTER's BUDGET ADDRESS 2017 Her Majesty's
    Chief Minister’s Budget Address 2017 THE CHIEF MINISTER’S BUDGET ADDRESS 2017 Her Majesty’s Government of Gibraltar 6 Convent Place Gibraltar Mr Speaker I have the honour to move that the Bill now be read a second time. 2. INTRODUCTION 3. Mr Speaker, this is my sixth budget address as Chief Minister. 4. It is in fact my second budget address since our re-election to Government in November 2015 with a huge vote of confidence from our people, and I now have the honour to present the Government’s revenue and expenditure estimates for the financial year ending 31 st March 2018. 5. During the course of this address, I will also report to the House on the Government’s revenue and expenditure out-turn for the financial year ended 31 st March 2017, which was the fifth full year of a Socialist Liberal Administration since we took office on a warm autumn day in December 2011. 6. Mr Speaker, as has been traditional now for almost thirty years since the first GSLP Chief Minister delivered the first GSLP Budget in 1988, my address will of course be NOT JUST my report to the House on the Public Finances of our nation and the state of the economy generally, but also a Parliamentary ‘State of the Nation’ review of the economic and political future facing Gibraltar. 7. There could be no better way, Mr Speaker for the GSLP to celebrate its fortieth anniversary than with the honour of a second GSLP Chief Minister delivering a Socialist Budget for Gibraltar.
    [Show full text]
  • Tuesday 11Th June 2019
    P R O C E E D I N G S O F T H E G I B R A L T A R P A R L I A M E N T AFTERNOON SESSION: 3.04 p.m. – 5.45 p.m. Gibraltar, Tuesday, 11th June 2019 Contents Appropriation Bill 2019 – For Second Reading – Debate continued ........................................ 2 The House adjourned at 5.45 p.m. .......................................................................................... 39 _______________________________________________________________________________ Published by © The Gibraltar Parliament, 2019 GIBRALTAR PARLIAMENT, TUESDAY, 11th JUNE 2019 The Gibraltar Parliament The Parliament met at 3.04 p.m. [MR SPEAKER: Hon. A J Canepa CMG GMH OBE in the Chair] [CLERK TO THE PARLIAMENT: P E Martinez Esq in attendance] Appropriation Bill 2019 – For Second Reading – Debate continued Mr Speaker: The Hon. Trevor Hammond. Hon. T N Hammond: Mr Speaker, I am delighted to have another opportunity to deliver a 5 Budget speech, my first in an election year. I would like to begin with the environment. This year saw this House pass unanimously a motion recognising that our planet faces a climate emergency. While there are still many people who would deny this fact, it is true to say that none sit in this House. I congratulate the Minister for showing leadership in bringing the motion and Government as a whole for seeing the 10 wisdom of accepting a minor amendment which would allow its unanimous passage. There is no doubt that all of us seated here understand the urgency of the global crisis being faced and appreciate the need for urgency and continued unanimity in mapping out our community’s future.
    [Show full text]
  • Minding Gibraltar’S Business Intouch 1 CONTENTS
    Issue 22 - Winter 2013 iMindingntouch Gibraltar’s Business Interview with the Minister for Financial Services Frontier Issues Centre of Digital Innovation & Incubation Small Business Saturdays Developing Local Media Health & Safety Seminar www.gfsb.gi Minding Gibraltar’s Business intouch 1 CONTENTS Issue 22 - Winter 2013 iMindingntouch Gibraltar’s Business Contents InTouch | Issue 22 | Winter 2013 GFSB Editor’s Notes 05 Meet the Board 06 Chairman’s Notes 07 GFSB’s Chair Gemma Vasquez interviews the Minister for www.gfsb.gi 08 Minding Gibraltar’s Business intouch 1 Financial Services, Albert Isola Zen and the art of Gibraltar frontier queuing 12 Federation of Small Businesses The UK’s Leading Business Organisation Frontier issues 14 Cross-border group signs ‘historical declaration’ against 15 frontier problems Developing Gibraltar’s first centre of Digital Innovation 16 & Incubation GFSB launches Small Business Saturdays 18 Glocon - wearable technology of the future 20 New to Gibraltar - Aphrodite Beauty Academy 22 intouch Greenarc goes green! 24 Editorial Director Medport Shipping - Making a name for themselves 26 Julian Byrne Content is King- Truth or Myth? 28 Designed by Piranha Designs Gibraltar An Effective Workplace 30 www.piranhadesigns.com Developing local media 32 Published by Economic benefits from filming locations and tourism 34 The GFSB Health & Safety seminar highlights need for risk assessments 36 122 Irish Town Gibraltar Calentita: GFSB Rockchef stall 38 Tel: +350 200 47722 Fax: +350 200 47733 Email: [email protected] www.gfsb.gi Disclaimer No part of this publication may be reproduced without the wirtten permission of the publishers. The Publishers and the Editor have made every effort to ensure that all of the information within this publication is accurate, but emphasise that they cannot accept responsibility for any errors or omissions.
    [Show full text]
  • Investment Manager of the Applicant
    GIBRALTFebA/March/RApril 2015 I NTER NATIONAL F I N A N C E n I N V E S T M E N T n B U S I N E S S Listing on GSX, Gibraltar’s new stock exchange www.gibraltarinternational.com Sponsors Gibraltar International Magazine is grateful for the support of the finance industry and allied services (with the encouragement of the Finance Council) in the form of committed sponsorship. We would like to thank the following sponsors: GIBRALTAR FINANCE Tel: + (350) 200 50011 • [email protected] www.gibraltarfinance.gi DELOITTE QUEST INSURANCE MANAGEMENT LTD. Tel: + (350) 200 41200 • [email protected] Tel: + (350) 200 74570 • [email protected] www.deloitte.gi www.quest.gi EUROPA TRUST COMPANY LIMITED ISOLAS / FIDUCIARY GROUP Tel: + (350) 200 79013 • [email protected] Tel: + (350) 2000 1892 • [email protected] www.europa.gi Tel: + (350) 200 76651 • [email protected] www.gibraltarlawyers.com HASSANS www.fiduciarygroup.com Tel: + (350) 200 79000 • [email protected] www.gibraltarlaw.com GIBTELECOM Tel: + (350) 200 52200 • [email protected] GRANT THORNTON www.gibtele.com Tel: + (350) 200 45502 • [email protected] www.grantthornton.gi KPMG Tel: + (350) 200 48600 • [email protected] EY LIMITED www.kpmg.gi Tel: + (350) 200 13200 • [email protected] www.ey.com/gi SAPPHIRE NETWORKS Tel: + (350) 200 47200 • [email protected] PIRANHA DESIGNS www.sapphire.gi Tel: + (350) 200 45599 • [email protected] www.pdg.gi TRIAY & TRIAY / T&T MANAGEMENT GIBRALTAR INSURANCE ASSOCIATION (GIA) SERVICES LTD Tel: + (350) 58452000 • [email protected] Tel: + (350) 200 72020 • [email protected] www.gia.gi
    [Show full text]
  • GSD Manifesto 2019
    GIBRALTAR SOCIAL DEMOCRATS / ELECTION MANIFESTO 2019 4 Gibraltar Social Democrats - Manifesto 2019 OUR CORE COMMITMENTS GIBRALTAR 2050 A 30 Year Strategic Plan for Planning & Development so that there is a long term vision for a sustainable environmental and economic future. QUALITY OF YOUR LIFE – OUR ENVIRONMENT An enduring commitment to act to combat the Climate Change Emergency. A committed Green approach to your future that will protect our natural, urban and cultural environment. More rental housing to unblock the Housing Waiting Lists. A phased plan to regenerate the Dockyard from the old North Gate to the Southern End at Rosia. A review of the Victoria Keys Development and publication of all contractual arrangements entered into by the GSLP Government. No further development of the Queensway Quay basin. The sensitive regeneration of Rosia Bay and Little Bay for leisure use. A sustainable Town on the Eastside with zones for mixed use, residential and commercial. Get developers to deliver planning gains for the benefit of the community in exchange for developing land. An independent Public Health Study on the causes, effects and action to redress 5 environmental issues like pollution. A new North Mole Industrial Park. A new Central Town Park at the Rooke site. FAIRNESS & OPPORTUNITY A strategic approach to transport and We will make sure contracts are properly parking that is sensitive to the environment. awarded, supervised and that there is no waste of your money or abuse. BETTER SERVICES FOR YOU & YOUR A strong programme for workers and FAMILIES employees that protects and enhances workers’ rights. A radical and comprehensive Mental Health Strategy that works.
    [Show full text]
  • Press Release
    PRESS RELEASE No: 591/2016 Date: 20th October 2016 Chief Minister reshuffles the Cabinet The Chief Minister Fabian Picardo, in consultation with the Deputy Chief Minister Dr Joseph Garcia, has today carried out a ministerial reallocation of responsibilities. The GSLP/Liberal Government was first elected in December 2011. There was a Cabinet reshuffle on 9 December 2014 on the third anniversary date of that election. Following last general election of 26 November 2015, there were a number of changes made to some Ministerial portfolios affecting mainly the Chief Minister and the Deputy Chief Minister. It was made clear at that time that a more extensive reshuffle would follow in 2016. This is therefore the second Cabinet reshuffle since December 2011 and the first major one since the general election of 26 November 2015. Summary of new portfolios 1. The Deputy Chief Minister Hon Dr Joseph Garcia The Deputy Chief Minister becomes the Minister for Brexit as well as Europe, given the ever increasing volume of work in this area. 2. The Minister for the Environment, Energy, Climate Change and Education - Hon Dr John Cortes The Hon Dr John Cortes takes on responsibility for Education, Heritage, Urban Renewal and the maintenance, administration and operation of tourist sites and beaches. 3. The Minister for Tourism, Employment, Commercial Aviation and The Port – Hon Gilbert Licudi The Hon Gilbert Licudi takes on responsibility for Tourism, Commercial Aviation, the Port, Maritime Services and Employment. HM Government of Gibraltar • 6 Convent Place • Gibraltar GX11 1AA t +350 20070071 f +350 20076396 e [email protected] w gibraltar.gov.gi 4.
    [Show full text]
  • The Chief Minister's Budget Address 2018
    THE CHIEF MINISTER’S BUDGET ADDRESS 2018 Her Majesty’s Government of Gibraltar 6 Convent Place Gibraltar Mr Speaker, I have the honour to move that the Bill now be read a second time. Introduction 1. Mr Speaker, this is my fifteenth budget address as a Member of this Parliament. 2. It is my seventh budget address as Chief Minister. 3. And in delivering it, Mr Speaker, I am already facing my fourth leader of the Opposition! 4. Mr Speaker, as part of my address on this second reading of the Appropriation Bill, I have the honour to present the estimates of Government’s revenue and expenditure for the year ending 31st March 2019. 5. I also have the honour to present the out-turn for Government’s revenue and expenditure for the year ended 31st March 2018, which 2 was the sixth full financial year of a Socialist Liberal Government since we took office in December 2011. 6. Mr Speaker, this address comes twenty four months after the decision of the British people in referendum to leave the European Union. 7. In that respect, Mr Speaker, and given that it is now increasingly likely that the United Kingdom will leave the European Union on the 29th of March next year, this is, sadly, the last Budget Address that will ever be delivered in this House by a Chief Minister whilst we are members of the EU. 8. And in the context of that international political backdrop, Mr Speaker, as is now traditional, my budget address to this House is very much a ‘State of the Nation Address’ and I will also report to the House on the state of our Public Finances as well as on our nation’s economic outlook.
    [Show full text]
  • MONDAY 24Th JUNE 2013 CHIEF
    MONDAY 24th JUNE 2013 CHIEF MINISTER’S BUDGET ADDRESS 2013 Mr Speaker, This is my tenth budget session as a member of this Parliament and second budget address as Chief Minister and I now have the honour to present the Government’s revenue and expenditure estimates for the year ending 31st March 2014. Mr Speaker, this debate on the second reading of the Appropriation Bill has traditionally also been not just about economics, it is also a State of the Nation address touching areas beyond the numbers in the schedule to the Bill. I will nonetheless also of course report to this House on the state of the economy and public finances and on the revenue and expenditure out-turn for the previous financial year, which was the first full financial year under the Socialist Liberal Government. Mr Speaker, I will end my address to the House by outlining some of the more specific budget measures that the Government will introduce this year, in pursuance of manifesto commitments and new measures designed to address the social and business needs of the Community. Mr Speaker, this debate on the second reading will be historic in many ways. The substance of the economic points I will make will be, of course, the highlights of this debate. But one historic innovation today is the fact that the debate is being transmitted not just in audio, but also in video. Today, I believe, these proceedings are finally being broadcast on Parliament’s own website, on television by the public broadcaster and on the websites of such other national media outlets as may request it.
    [Show full text]
  • Particular Directions Under Section 46
    PARTICULAR DIRECTIONS UNDER SECTION 46 LN. 2019/206 Commencement 22.10.2019 Made under section 46(1) of the Gibraltar Constitution Order 2006 In exercise of the powers conferred on him by section 46(1) of the Constitution and of all other enabling powers, and acting in accordance with the advice of the Chief Minister, the Governor has charged the Ministers specified in the Schedule hereto with responsibility for the business of the Government specified in relation to those Ministers. MINISTER BUSINESS Chief Minister: The Economy The Hon Fabian Picardo Public Finance and the Treasury International representation of Gibraltar and its people International Treaties The child-friendly city Personal status including immigration, residence & adoption Taxation including Coordination of International Exchange of Information Elections Industrial Relations The Civil Service and the public sector as a whole, including state-owned enterprises Customs Matters related to Armed Forces Veterans and relationship with the MOD Chairman, inter-ministerial committee on the prevention of drugs misuse, including substance abuse and rehabilitation Chairman, Borders and Coastguard Agency Chairman, Gibraltar Development Corporation Chairman, Gibtelecom The administration of Government departments charged with the aforesaid, overall responsibility and supervision of Government departments and public administration. 1 Deputy Chief Minister: Working in close partnership with the Chief The Hon Dr Joseph Garcia Minister in his exercise of overall responsibility for
    [Show full text]
  • Enger Vessels, Oil Platforms, Port Or Maritime Agencies Personnel, Delegates of Associations of Wives Or Families of Seafarers, Volunteers in Seafarers Centres
    The Church in the Maritime World Pontifical Council for the Pastoral Care of Migrants and Itinerant People N. 93, 2006/IV Logo of the XXII World Congress of the Apostleship of the Sea (Gdynia, Poland, 24th—29th June 2007) Inside ... - XXII World Congress of the Apostleship of the Sea Page 3 - Annual Report from Japan 5 - Report to the Plenary Assembly of the Conference of Catholic Bishops of Canada 6 - Varia XXII WORLD CONGRESS OF THE APOSTLESHIP OF THE SEA The logo on the front page has been proposed and designed by AOS-Australia. Their project has been selected among several others which were sent by various Regions and it will be our official logo for the XXII World Congress. We thank all the Regions for their contributions and suggestions. Unfortunately, we cannot reproduce the colours on the Bulletin but you will find them on the AOS International Website. + Archbishop Agositno Marchetto Secretary Explanation of the logo: • The Logo is centred around the Cross. The circle in the logo represents our world with seafarers coming from the deepest darkest blue of the ocean into the lighter shades, which ends with the Church as the brilliant part of the Cross. • At the foot of the Cross is the red, which represents the great sacrifice of Christ for us all. • The solid block on the right top corner, not only represents the national colours of Poland, but also the four corners of the Compass. • The box behind this, also with the national colours of Poland, encom- passes everything and symbolises solidarity. • The anchor, the maritime symbol par excellence and also the symbol of our faith and hope, reaches around the world embracing all nations, races and creeds.
    [Show full text]
  • Second Supplement to the Gibraltar Gazette
    SECOND SUPPLEMENT TO THE GIBRALTAR GAZETTE No. 4755 GIBRALTAR Tuesday 25th August 2020 LEGAL NOTICE NO. 294 OF 2020 THE CONSTITUTION OF GIBRALTAR PARTICULAR DIRECTIONS UNDER SECTION 46 In exercise of the powers conferred on him by section 46(1) of the Constitution and of all other enabling powers, and acting in accordance with the advice of the Chief Minister, the Governor has charged the Ministers specified in the Schedule hereto with responsibility for the business of the Government specified in relation to those Ministers. The Directions under section 46(1) of the Constitution of 22nd October 2019 are amended accordingly. MINISTER BUSINESS Minister for the Environment, • Education Sustainability, Climate Change and • The University of Gibraltar Education: • Green Gibraltar The Hon Prof John Cortes • The Environment • Climate change, conservation and sustainability • Upper Rock • Marine resources • Maintenance, administration and operation of tourist sites and beaches • Pollution prevention and control • Public health • Environmental health • Urban Renewal • Refuse collection and disposal • Heritage • Culture • The administration of Government departments charged with the aforesaid. Minister for Digital, Financial Services • Financial Services and Public Utilities: • Gaming The Hon Albert Isola • Broadcasting and Digital Services • IT, e-Government and e-commerce • Cyber-Security • Data protection • Town Planning • Public Utilities • The administration of Government departments charged with the aforesaid. Gibraltar Gazette No. 4755,
    [Show full text]
  • No: 555/2021 Date: 22Nd July 2021 the HON ALBERT ISOLA MP
    No: 555/2021 Date: 22nd July 2021 THE HON ALBERT ISOLA MP - BUDGET SPEECH BUDGET SPEECH 2021 Mr Speaker, I believe it is absolutely remarkable, that after these last two years of horror, I should be standing here telling you how well and resilient the businesses in my areas of responsibility are doing. Brexit was without question the biggest chal- lenge to our Gaming and Financial Services firms – that was until Covid 19 came along. Yet, quite incredibly, both of these sectors have adjusted, planned and executed their structural changes, and got on with what they do best – running their businesses. Travel Insurance firms and Bureaux were the most impacted by the pandemic. Today, despite all the European business having been lost by our Gaming firms, we still have some 3400 jobs in this sector and growing. I am pleased to report that we have new applications en route and our firms continue to employ here which is most welcome. In Financial Services, having lost the European Passporting rights, we secured passporting rights to the United King- dom – the only piece of land in the entire world to have achieved this. Not bad for a “bad” Brexit deal. As a consequence of this excellent work delivered by the UK’s confidence and trust in our regulatory and legal sys- tems, and the quite extraordinary skills of our Brexit negotiating teams led by my friends the Chief Minister and the Deputy Chief Minister, I can report that in the last half of 2020 the GFSC had the highest number of applications in its history, and the numbers of Cat 2’s and HEPSS in Q1 of 2021 are also at record levels.
    [Show full text]