Gibraltar has prospered under Britain’s rule and free trade with the EU.
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Deep inside the Rock of Gibraltar is a room known as The Vault.It's a flourishing and hugely important business for Gibraltar, accounting for around 25 percent of the economy, some 40 percent of corporate tax revenues and almost 3,000 of its 26,000 jobs.Britain's looming departure from the EU, therefore, has cast a cloud over Gibraltar's future because Brexit could see it shut off from the rest of the EU.Nobody is panicking yet, and no gambling company has said it intends to leave Gibraltar while EU and British officials negotiate Brexit – in March, before calling an early general election for June 8, Prime Minister Theresa May formally triggered the two-year Brexit process.The Gibraltar government has made no secret of the importance of the EU. On its website, it still lauds the benefits of EU membership as one reason why firms should set up on The Rock. The people of Gibraltar clearly think it's important – nearly 96 percent of Gibraltarians voted to remain in the EU in last June's referendum.
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