there lot off Pros and Cons on this one , MAC , down two the line its a Rock with lot off water around it , why Gibraltar and Spain dont get on
like school kids in payground , now i know why we pay them .
Histroy .... The British period
During the War of the Spanish Succession, British and Dutch troops, allies of Archduke Charles, the Austrian pretender to the Spanish Crown, formed a joint fleet and attacked various towns on the southern coast of Spain. On 4 August 1704, after six hours of bombardment starting at 5:00 am, the fleet, under the command of Admiral Sir George Rooke, assisted by Field Marshal Prince George of Hesse-Darmstadt, comprising some 1800 Dutch and British marines, captured the town of Gibraltar and claimed it in the name of the Archduke Charles. Terms of surrender were agreed upon, after which most of the population chose to leave Gibraltar peacefully.
The British military traditionally dominated the economy of Gibraltar, with the naval dockyard providing the bulk of economic activity. This has however diminished in the last twenty years, and it is estimated to account for only 7% of the local economy, compared to over 60% in 1984. Today, Gibraltar has an extensive service-based economy, dominated by financial services (this to end for bookies in 2010 ) and tourism. Recently, many bookmakers and online gaming operators have relocated to Gibraltar to benefit from operating in a regulated jurisdiction with a favourable corporate tax regime. However, this corporate tax regime for non-resident controlled companies is due to be phased out by 2010 . The Rock is a popular tourist attraction, particularly among British tourists and residents in the southern coast of Spain. It is also a popular shopping destination, and all goods and services are VAT free. Many of the large British high street chains have branches or franchises in Gibraltar including Marks & Spencer, Bhs, Topshop, Miss Selfridge, Dorothy Perkins, Evans, Adams, Mothercare, Early Learning Centre, Monsoon, Next, Peacocks and the supermarket Morrisons. Branches and franchises of international retailers such as Tommy Hilfiger and Sunglass Hut are also present in Gibraltar, as is the Spanish clothing company Mango.
Spain makes lot on tolls from motorway to and from the rock , E-15 .
