Newstatesman Gibraltar 4 July 2014 Weekly round-up: politics, business and news from Gibraltar A selection of the key headlines about politics, economics and life on the Rock this week. @MeteoGib Sign UpGet the New Statesman\'s Morning Call email. Sign-up UK must be “more robust” with Spain, MPs say BBC reports: “Britain should set out a "more robust" response to Spanish incursions into British waters in Gibraltar and consider legal action against the Madrid government, MPs have said. The Foreign Affairs Committee said Spanish behaviour in the long dispute over UK sovereignty was unacceptable.” The FAC’s new report is called “Gibraltar: Time to get off the fence” and can be read here. Europe Minister Lidington visits Gibraltar Your Gibraltar TV reports: “UK Minister for Europe David Lidington this week visited Gibraltar in an effort to verse himself on the struggles faced by Gibraltarians during the ongoing dispute with Spain. During the visit, the Minister reiterated the UK Government's support for Gibraltar, adding that he wished for a relatively quick outcome for the “outrageous” behaviour of the Spanish authorities. He went on to say that it is for the European Commission to take “effective action and get Spain to revert to what they're entitled to do under the treaties, which is proportionate checks.'” Picardo's budget reply - jobs, growth and buoyant mood GBC News reports: “The Chief Minister brought this year's Budget session to a close this afternoon. Fabian Picardo told Parliament Ministers have made their speeches very much "in the thick of delivering manifesto commitments". He said with huge growth in the gaming industry and more jobs for Gibraltarians, the nation is in a “buoyant” mood.” Gibraltar lowers tax rates in 2014 budget Following the recent budget commitments, Lowtax.net reports: “Gibraltar has announced a barrage of tax cuts following its highest ever budget surplus of GBP65m (USD111m) and gross domestic product (GDP) growth of ten percent during the financial year 2013/14.” Areas affected include income tax, first-time home buyers and property tax for start-up businesses. Lincoln Red Imps draw first Champions League match BBC reports: “Joseph Chipolina scored the first goal by a Gibraltar club in a European club competition as Lincoln Red Imps drew their opening Champions League match. The champions of Gibraltar for the past 12 seasons were held 1-1 at home by Faroe Islands club HB Torshavn in the first qualifying round first leg. Chipolina put the home side ahead from the penalty spot before Levi Hanssen equalised in the second half.” University of Gibraltar set to open in 2015 Gibraltar Chronicle reports: “Plans to create a University of Gibraltar continue on track and it is envisaged that the University will open for business for September 2015.” Gibraltar recently sought advice from the Seychelles government on establishing a university in a small place. › Study shows people prefer pain to their own thoughts – except it doesn’t Subscribe For more great writing from our award-winning journalists subscribe for just £1 per month!