tv The Alex Salmond Show RT July 12, 2018 1:30pm-2:00pm EDT
thanks so much for messaging us finally if you and i sez as ever interesting and informative desperately need more of the alex well thanks to you if you're not and now back to alex and self and gibraltar. over the last quarter century the rock has been very much the colony in transition from a military based economy to a service based economy and joining me now is see that quickly local business woman you've experienced at least a lot of part of that change how do you find this moving to the services of gibraltar is engaged i think such a resilient place and so like you said going from being when i came here there was still an element of being in garrison town you would see the soldiers sort of walking their military gear and you never see that anymore and it's some he was so slow really happened over the years and with that with the economy having been so deeply dependent on the m eighty things had to change in the financial services sector continues to change it continues to evolve all the time we're heavily
heavily based in gaming sector now but it's moving on and on and on the promise of the new service because the pillows of calculus financial services the gaming industry tourism of course and the property market how do you see that that you compositional the gibralter standing up to the test of time they are the four main components that we have here and each one is kind of. increasing in its own way the invested very heavily in the tourism product here basically we've had the sky will just open recently we've got some really interesting kind of rope bridge think people to go all in the caves. in there forever and they didn't know how many times you go in there amazing citrus product is one for himself and the government's investing heavily into promoting but essentially our economy it hangs very heavily on gaming and. it was so near the financial services sector because the fragility
of gaming exists worldwide some people worry about it here and worry about the impact the price it will have so much just say for the sake of argument new regulation introduced. in the u.k. saying that all gaming companies are to be headquartered in the u.k. . taxation and balance. of economic shocks in the future i think to be honest i think we're already preparing we're preparing for that at the end of the day gaming is heavily influenced by political will and that in itself means it's incredibly vulnerable no matter where it is or motor or whatever so it is heavily influenced by that so we're already preparing for that we're already creating new products and particularly the so d. l. t. space at the forefront of that and then i personally have been involved in helping with the branding and marketing for i.c.l. launches and so once they were already. sharing your skin moving on to new new
things i think really as a community and attempt to. do it even when you're short of. real estate space to build a five star hotel that will get one floor. wanting to make three so it is a sort of innovative approach that is going to start. well i think the history of gibraltar speaks for itself i mean it's been it's been understood to protect the u.k. but it is the resilience of the people as well here for three hundred plus years that they think they call about their own destiny and i think that that will continue to be the case. to grow as a significant financial center which is of the financial awfully you see as the brought offering up. a unique selling point and a very strong so and. i definitely think that the l.t. sector is is one of our. strongest products at the moment because we've been
forefront in creating legislation here. of competence you're able to do what exactly what it means that if somebody wants to. be here or. they they have it in there in a structure in a framework which invalidates them more than anywhere else in the world and so that has been heavily crafted here by credit the incredible legal teams and there are several sort of major legal firms here they're represented all over the world but they work very hard to do that that's part of the resilience i was talking about which i think is an incredible entrepreneurial group and there's an incredible group of entrepreneurial minds here to do because this competence death to frame up a system of legislation which. well particularly i think the as well.
the financial services structure that we have here has been rigorously tested as well over a long period of time with any kind of of showed your sticks in your under incredible scrutiny so it's really important and if you know that the legal firms the accountancy firms and so on they've worked very hard to ensure that they have a clean product to bring to market and and that's something that i think she was quite proud of really one. way of estimating the success of a. regional economy a few years ago was. the tallest building and the number of trades. if you did. things were pretty robust is that an accurate description of the real estate side. i would say yes i mean you can you can hear the building were going on you can see the bill building where. going on here some of the projects i've been
involved with in my work you know over the last. three four years of you know in the in the realms of sort of four hundred fifty million pounds worth of investment into developments here likely when you look at that that is testimony to the confidence that the rest of the world has and will show us well and i think that the us i think is well placed i think that people see the resilience that is here and they have confidence that no matter what the money is well spent every now and then you get sort of somebody who says i'm waiting for the bubble to burst but you know i've been hearing that for the past fifteen years and i haven't seen a significant correction in the market characteristics. i think positioning i think the fact that we have such strong links to the u.k. the fact that we have. the same legal system. it's you know for a lot of a lot of people they want to be in an english based environment and they have. i
would also say rule to work people with open arms but it's not to say that it's not just stunning. to do business here but nonetheless it's a very welcoming framework within which to to set up and there's still so much opportunity yes you've mentioned terrorism and and and property in the financial services sector and obviously gaming. but there's still so much more growth to be had and somebody that comes here that has an entrepreneurial spirit i think senses that and feels it and i will say i believe that if you if you have a little bit of talent and you're prepared to work very very hard as you the opportunity to build the. business and politics much power to the present moment things are going to move in the in the right direction i would say that the reasons may be. a bit of
a discrepancy there is is not a lack of will because certainly in my experience i haven't found my gender has placed any. discrimination against in any position but the reality is that maybe there just aren't enough women putting themselves forward prepared to take those risks and maybe dare i say prepared to take certain sacrifices as well that come with being. successful within business so the opportunities are there if you're a woman you're prepared to take them and put the the same level of work in that you would if you were a man then the opportunity is there certainly i wouldn't say it's discriminatory. to long into the future to see perhaps the first. well i'm sure that will be one of those one of the leaders in that area yes. i will look into the future various.
change you do so you feel confident. precious. is not just a sound bite to say that it's withstood worse in the past it really isn't any house and yeah there may be corrections ahead and so on but i think with the collective of experience the collective of. that has to mention before the entrepreneurial spirit is here. and be comfortable environment for business to grow and we just adapt adoption improve. the future background. knowledge some and quit that is no longer. of course. thank you very much. if you want five start
a competition in gibraltar you don't find the land you fight the sea well at least in the harbor i'm not joined by moscow the general manager of the floating five star accommodation the sudden bull market is a pretty ingenious idea when you're short allowed to put your five star hotel in the harbor exactly well you know kind of relatively real estate scarce environment this is a perfect example of you know a hotel that serves a purpose in an area which actually as you mentioned earlier truly needed it and here we came the son born to came to the rescue now you find a substantial could be other than hospitality it was a range of the great wood tales in the world but to just think you'd be about floating you know i didn't you know it was but when i came across it about two years ago i said absolutely i'm going to jump on this literally there's no chance of the sun born of a steaming gibraltar's of the world's morrocco and i say this here for the good of
it it's here yes it's stationary i've had guests come to me and say that hey mark hey i have a great idea for a week we could do for our guests at five o'clock every day we could go out for a sunset cruise and i said well that would be a really great idea but what about all of our guests that are going to be coming back to the to their room and what are we going to do with them then so we just decided we're going to keep it here stationary but just as a part of it just out of the agents of the food walking all of the pepsi it actually can can propel itself and we can turn on the engine and. all about but honestly it's better to keep it quiet from your experience and the hospitality what is the key attraction of gibraltar for people thinking of coming to visit what would you say was the the the unique selling point yeah well i think that really the unique thing is here is that we are situated between three countries and we have morocco. we have spain we have portugal behind us and then we are.
there so when we're standing on this peak of this rock and you can see all of these from here and on top of it you think about the history. you know you just met one of our guests who served in the military forty years ago and now returning so there's a great deal of history and the nature as well. in terms of the future of gibraltar called it is the role could you to fit in fun fun dishes i believe so i truly do i mean business is booming in the last two years that i've been here. you know there's been more and more companies coming to establish themselves. and market is great. thank you so much so my pleasure thank you thank you we'll see you after the break.
across europe municipalities are taking their water supply back from private companies to meet people this is the simple song alone even some company elsewhere they invite private companies to take over the utilities anybody. actually she got she got on the pill might be cool. just because. of where you live bill brought up locals are ready to stand up for the basic human rights of access to water it's about water but it's called school much more than water it's about the hurt and the regis tribute. there are
dead dollars reward. now. there's leads. to. welcome back the sovereignty of gibraltar remains a major point of contention and uncle spanish relations despite the fact that the majority of gibraltarian separatists it isn't with british passports spain refuses to relinquish a claim over the territory that is the geographical logic to the spanish position
albeit that gibraltar states are stress on an international treaty which ended the war of spanish succession in seven hundred thirteen however gibraltarians overwhelmingly rejected proposals for spanish sovereignty and the one nine hundred sixty seven referendum and even the idea of shared sovereignty into size and into and under the gibraltar constitution of two thousand and six the turkey that governs its own affairs although some powers such as defense and foreign relations remain the responsibility of the u.k. government. former tory party leader michael howard once said britain would be ready to go to war with spain to defend the posts from many of walking memories of the one thousand eight hundred two war with argentina over the falklands but despite all this fighting talk spain continues to nocca to go to store and for the most part gibraltar chooses to ignore its overtures the charity has evolved to the point where it now has a separate legal jurisdiction from the u.k. and also enjoys a different tax system it has become
a significant offshore financial center attracting various financial institutions with its attractive tax and regulatory regime in many respects some might argue that it has the best of all worlds but can the lucky status be maintained prospects it today to both economy is part by two dozen gaming financial services and cargo ship refueling alex wanted to find out more about how the territories economy continues to grow at an impressively. we commissioned a study of what impact the g. broader economy had on the spanish economy we commissioned an independent study and it proved that to actually gibraltar economies hugely beneficial to the economy when the cea with the second biggest employer in the in the local region we create one in four jobs. and we literally contribute hundreds of millions of pounds a spanish economy just in highlanders as president of the chamber of commerce you
must be studying closely looking for economic impacts but exit on gibraltar yes that's right our economic model was based on access to the e.u. we voted overwhelmingly to remain in the e.u. and now we have to see what effect a hard drugs it could have in the gibraltar economy. so it's very much a a watching game yet to too many balls up in the air for us to make an analysis but looking around the rock is flushing little screens all over the place building what's going on there not much sign of uncertainty there that's right but the reality is we've had a hard break that scenario at the still in the e.u. we're still functioning as we were doing twenty sixteen we're a small number diversified economy so we adapt and we're trying to that. is the key difficulty that gibraltar could have access to the huge labor supply that comes and
on a daily basis from spain or tentatively is that the impact of perhaps not having access to the single market i think it's more a labor issue on the single market over ninety percent of the business that you're both adults in the u.k. facing we already have a commitment from the u.k. government that we will continue to have unfettered access to the u.k. market for those businesses the problem we have is that we create a lot more employment that we are able to supply locally so i think it's in a region of fifteen thousand people a day cr. i sing over from spain to work and your brother and i go we want to see that passionately but your predecessors in the chamber of commerce and franco close the borders all these years ago they must have seen a huge impact even at that correct and in one nine hundred sixty nine the border closed almost overnight thousands of banished workers were prevented to come from coming to the rock to work and the time we had to be. inventive we had to look think outside the box and at the time we look to morocco to temple that labor and
in fact a lot of those americans that came to gibraltar to work in our members of the community and have been here for fifty years they must of course allies your closest neighbors in spain the workers who come across every day they want want to see a situation where where their government is is attempting to restrict or travel that's absolutely correct. i cross the border and they're in the come play which is the media the sanity of your broker there is a lot of corporation we think is one we have a fax machine was one of the founding members all across from t. group which is a gibraltar spanish group comprised of trade unions and business organizations we speak with one voice and that voice pretty much says we want from to fluidity we want to move post-breakfast transition. and i tell local level we haven't really got any problems with the spanish neighbors so crystal as you can surprised by some of the political debate this taking place in the u.k. which seems to be focused on the customs union as opposed to the primacy of access
to european economic elite which are both the snow and the customs union the year seven is a prosperous free access to the european marketplace that's right we've built a very successful economic model on the basis that we provide services to europe we are outside the customs union and we've always been outside the cuts in the union because that is the model that suited your growth so when the u.k. became a member of the european community back then. so we've always been outside the v.a. free zone but we've always been able to provide services and to europe and that is a model that works very well for us would you say that might be a lesson here for the politicians in london looking for a solution to this breaks that let them of the perhaps the actual ability brought us position as opposed to trying to change growth or as a structures are so oh absolutely absolutely i have. most of my clients come out of the u.k. they come out of the city of london mainly and when i talk to my colleagues there
they are of the same view about their main priority for there is freedom to provide services and not so much freedom of movement of goods they would be quite happy to stay out of the customs union so crystal from the chamber of commerce point of view if you could have a message to these or me the the prime minister paul would it be from a broader perspective two things. the first most important thing is that we want to have the same deal that the u.k. negotiates for itself we don't want to be. extricated for all for many deals because of spanish political pressure so that's actually absolutely crucial for us and the second point is that we would want to be able to continue providing services into europe kristen hondas and i can we have a war and make sure you listen to in london how i can give you and i like some and sure quick and you know the drill some of your are very competitively priced in the clear plastic when you're close friends and thank you so much thank you very much
believed to be in a pleasure thank you. very things about gibraltar being such a confined space and you never know who you're going to bump into until they are bumped into jobs gone from from he'll is celebrating his forty six wedding anniversary by someone who was stationed here back in the seventy's charged welcome alex salmond's your thank you to tell us about but yourself than they are yeah they're in the seventy's when i was possible here in august one thousand nine hundred sixty like the first and then develop what can i actually rescued. launches into protests. it was i'll be honest when i arrived i was disappointed because the first thing on north to split was what these red bull and i wanted to be overseas and this seemed like britain in the song and you wonder what we have yes i mean yes but a different have the top note and like so so you always said then it was logically a military base that taught to me that the boston vault the edge of both the spending world was based on the ministry of the fancy of course the army yes it's
quite definite one of the biggest change you've noticed is the building that's going on around the new reclaimed land where i was actually walked in it's now a concept. that used to be water. i was on the camp this morning which is no gibraltar very few air force very few navy and i don't know if there's an army regiment of advantage of roles in that we used to be a fool i mean regiment and that was awful also got to the. posting and overlays of radiation off the top posting elsewhere like throughout time the ascent of the affluence more death and you didn't you want to. know i was ever so hot for the job for them as well because they didn't know a lot of the gotten from the navy and stuff like a lot of saddam or the old bean gibraltar. and i didn't what comp when the with here i sweated a lot but that was the summer so having come back after forty five years yes i got
to come back again very much so i mean i know it's changed i know it's high high rise but when you get into the center of gibraltar the house is exactly the same as it was in the seventy's and the seventy's it's just exactly the same as it was and what shows money from when but then it's actually work a number in cost and the people i mean that people are more british than britain and i think we could learn a lot about nationalism from my dad but right yes i do think a lot of people say that was for. frankenweenie close to you what he had just. bought yet the part that was had just recently closed for you to come out and then they can increase that on than we thought it would open. and very much they wanted to print and they didn't always be british before. thank you thank you thank you alex. serious with gibraltar the tenor of which two years ago seemed most. confident about the future this new
economy of the role based on financial services on to those among the gaming industry may not be as stable as the the pillars of hercules one of these say this was to go a don't know get into trouble that the. gibraltarians would find another half and the price to move into one thing's for sure and these uncertain times the rock is standing tall i'm strong. so from those made up myself and i want to show it's good bye for now.
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