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The Chief Minister says dialogue will continue with the UK Treasury with the hope of ameliorating the online gaming tax measures announced in the budget.
Fabian Picardo told GBC he believes there are opportunities for things to be done in a way that might not be "quite so catastrophic" to Gibraltar.
Mr Picardo said during his recent trip to London for the Joint Ministerial Council, he met with Dan Tomlinson, the Exchequer Secretary to the Treasury, to explain to him the effect these tax measures had had on the Rock.