Thursday, February 24, 2005

UK caves in over Finance Centre, says MEP

Neil Parish MEP for the South West and Gibraltar has accused the UK Government of caving in to the European Commission over the tax exempt company regime in Gibraltar.

I am very disappointed that the government has capitulated under pressure from the European Commission. Again Gibraltarians interests have not been looked after. Nearly 40% of Gibraltar's income comes from the financial services sector yet the Labour Government seem intent on ruining their income," he said.

The GSLP (Gibraltar Socialist Labour Party) has been invited to attend a one day conference organised by the South West Region of the Labour Party, which is taking place in Bristol on Saturday 26th February 2005. Lucio Randall, the Opposition spokesman for Traffic, Telecommunications and Government Services will be representing the GSLP at the conference. The theme of the conference is 'Politics for a Third Term'. Lucio Randall will take part in the Workshop that will be chaired by Glyn Ford MEP on 'European Forum'. Dawn Primarolo, the Chairperson of the Primarolo Group in the EU who dealt with the subject of Exempt Companies, and Jack Dromey, the Deputy General Secretary of the TGWU, will also be attending the conference.

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