Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
Friday 24 June 2016 2:42 pm

Gibraltar will never pay the price of being Spanish for access to the single market, says chief minister

By: Hayley Kirton

Add as a preferred source on Google

Gibraltar is not willing to become sovereign to Spain, even in light of the UK's decision to leave the EU, the British overseas territory's chief minister said today. 

"Let people make irrelevant noises about flying flags over a rock if they want to waste their breath," said Fabian Picardo in a speech to the Gibraltar parliament today. "Such ideas will never prosper. Gibraltar will never pay a sovereignty price for access to a market. Gibraltar will never be Spanish in whole, in part or at all. So I ask all our citizens to ignore these noises."

Gibraltar, which was the first counting area to declare for yesterday's referendum, voted overwhelmingly in favour of remain. A mere 4.1 per cent of voters opt to tick the box for Leave.

[custom id="161"]

However, given the size of the territory, Picardo admitted that its contribution did not "even move the needle". 

Sir Paul Jenkins, a barrister at Matrix Chambers and former government chief legal official told City PM that Gibraltar’s remain vote was unsurprising, considering “it's a fair bet to say that the Spaniards will try to throw Gibraltar issues into the overall pot” during the UK's negotiations to leave the EU.

“[Gibraltar is] in danger of being a pawn in the negotiations…Spain on their own could not block a deal but there are going to be other countries wanting special deals and it only takes a couple of biggies to gang up on us,” he added.

Earlier today, AFP reported that Spanish foreign minister Jose Manuel Garcia-Margallo had proposed the idea of British-Spanish co-sovereignty for Gibraltar, with the idea that Spain would gain full sovereignty after a period of time. 

Meanwhile, a statement from the Gibraltar Chamber of Commerce read:

Despite the overwhelming support from voters in Gibraltar to remain part of the EU, the Gibraltar Chamber of Commerce is disappointed by the final decision in the UK to leave the European Union. Gibraltar is bound by the UK’s decision.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Politics

Trending Articles

  • Nottingham Forest owner Marinakis announces £210m stadium plans

  • Harry Styles at Wembley Stadium review: running through the grief

  • I’ve taken the best train trips in the world. Here are my 5 favourites

  • Nothing fails to file accounts months after dissolution threat

  • Burnham tax plans spark investor rush to bank capital gains

More from City PM

  • BetVictor World Cup Offer: England To Win at 100/1 for 2026

    Betting
    BetVictor World Cup promotion showcasing Englands 1001 odds to win, highlighting betting offer for the tournament.
  • Exclusive: Reynolds never met Thames Water investors before rejecting rescue deal

    Water
    Emma Reynolds speaking at a business conference podium, engaging audience with insights on industry trends and strategies.
  • ‘Why single out banks?’: Santander chief hits out at UK tax regime

    Banking
    Ana Botín, CEO of Santander, speaking at a business conference, addressing financial strategies and global market trends.
  • Betfred New Customer Offer – £50 in Free Bets for New UK Users

    Betting
    Betfred sign-up offer banner featuring promotional details for new customers on a vibrant, attention-grabbing background
  • ‘Safe’ version of Anthropic’s Mythos model hits market

    Tech
    Anthropics AI technology showcased at a tech conference, highlighting innovative advancements in artificial intelligence
  • Waypoint Trading Solutions to Expand European Exchange Connectivity with Equinix MD6 Deployment in Madrid

    Business Wire
  • Kroll chief Jacob Silverman: AI won’t kill ‘mission critical’ advisory work

    Advisory
    Kroll
  • ‘Corbyn was spot on’: The radical MP shaping Burnham’s economic agenda

    Politics
    Miatta Fahnbulleh speaking at a conference podium with a backdrop of international flags and an attentive audience

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy