Overseas Territories Debate
Full Debate: Read Full DebateRoger Gale
Main Page: Roger Gale (Conservative - Herne Bay and Sandwich)Department Debates - View all Roger Gale's debates with the Foreign, Commonwealth & Development Office
(1 year, 8 months ago)
Commons ChamberBefore we start, in order to accommodate this debate and the subsequent debate, I am placing a five-minute limit on speeches after the Front Benchers have spoken.
Order. The Opposition and Government Front Benchers and the SNP spokesman will wind up at the end of the debate, so we now move to a five-minute limit on speeches.
I entirely agree. I am glad to say that the Chief Minister of Gibraltar made a clear statement after that unfortunate comment was made, making it clear that there was no question of concern for the Government of Gibraltar as to the competence or probity of the official’s conduct. Fortunately, nothing was done to prejudice negotiations, but the raising of that did not help at that time, and it was a needless distraction. I hope therefore that we will show the same maturity as Gibraltarians have throughout the whole process.
The final thing I was going to touch on was the whole question of sovereign rate borrowing, which has already been referred to. Because of the pandemic, Gibraltar had to borrow significantly. We were grateful for the support it was given. It wants to continue to be able to borrow money at UK sovereign rates, because the sovereign rate guarantee means it can get a much more attractive rate. Given that we are already charging it more than the rest of the UK would pay for its NHS supplies—much of that went to keep its health service and economy going—surely we owe it the decency of a guarantee of 25 years’ repayment at sovereign rates on the money that was borrowed to assist it during the pandemic.
Gibraltar is a brilliant place. I hope many Members will join the all-party group, and I hope they will be at the national day again this year, joining the people of Gibraltar in reaffirming their British identity, but we need to give them practical support in the interim now.