At the turn of the year it is traditional to look back at the
year just past – and to look ahead at the 12 months in
prospect. I note, with some amazement, that this is the eleventh
time I have performed this feat for The Gibraltar
Magazine, so is this time round any different to similar
pieces I have penned over the last ten years? I venture to suggest
that there may be some new things to say – and genuinely
grounds for optimism. Read on.
Before I set out my thoughts on 2018, we must rake over
financial coals of the last 12 months. As the economy continued to
improve or at least stabilise across Europe, UK interest rates
– which also apply in Gibraltar – doubled to half of
one per cent from the historic low rate set in the aftermath of the
EU referendum in June 2016.
