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Category: Current Affairs (104 articles)

Older generation more reluctant to retire abroad, study finds

Retiring abroad should not be daunting, but many Brits are put off the idea as they grow old

Most Britons who while young dream of retiring abroad are less likely to do so as they age, a recent study has found.

Retirement income specialist MGM conducted a poll of British workers and found that those approaching retirement age were increasingly less likely to want to move overseas, citing a greater awareness of the potential pitfalls that could await them…

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Author:Ian Clover 19/08/2014 [0] Comments 
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Spain unemployment drops below 25% for first time in two years

With 17.4 million Spaniards now in work, Spain's economy is at the healthiest it has been for two years

Spain’s jobless rate has ducked under 25 per cent for the first time since 2012 as the country’s economic recovery has gathered pace.

The second quarter of the year generated an extra 402,000 jobs in Spain, dragging the unemployment rate down to 24.5 per cent. During the first three months of the year the average unemployment rate hovered around 25.9 per cent…

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Author:Ian Clover 04/08/2014 [0] Comments 
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More good news for Spain economy, but when will wages rise?

Falling wages simply mean the money in Spain's economy is currently being directed elsewhere, and that has to stop

Spain’s miraculous economic turnaround in the past 12 months has largely been a result of direct government action designed to shake up the labour market.

In aiding the car manufacturing industry with its scrappage scheme, the sector rebounded to become one of the country’s key economic successes. In overhauling antiquated labour laws, companies had more freedom to fire workers, cut wages and hire fresh faces – the result being an upturn in job creation and a boost for the national GDP…

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Author:Ian Clover 29/07/2014 [0] Comments 
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Spain PM ignoring calls to raise taxes, for now

Rajoy has a plan, and he's sticking to it

Spanish Prime Minister Mariano Rajoy is set to ignore a suggestion from the International Monetary Fund (IMF) to raise taxes as he eyes re-election in 2015.

Analysts from the European Commission and the IMF have both urged Rajoy to increase indirect taxes and close fiscal loopholes in the economy, which is still tottering slowly to its feet after a double dose of recession

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Author:Ian Clover 15/07/2014 [0] Comments 
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EU slashes mobile roaming charges

Mobile roaming charges in the EU are now 55% cheaper, and could disappear altogether by 2015

One of Europe’s most antiquated, yet meekly accepted, idiosyncrasies was drastically scaled back on July 1, when mobile roaming charges in the European Union (EU) were cut by 55 per cent, and may be reduced to zero before the end of the year…

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Author:Ian Clover 08/07/2014 [0] Comments 
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Spain’s new Royal Family visit Pope Francis

Spain's new King and Queen have this week enjoyed a private audience with Pope Francis

In their first official overseas visit as King and Queen, King Felipe VI and Queen Letizia of Spain have travelled to the Vatican City for a private audience with Pope Francis.

Having been proclaimed as Spain’s new ruling monarch in late June following the abdication of his father, King Felipe, 46, has been steadily adapting to his new role as head of the Spanish Monarchy. The King arrived in Rome on Monday and was greeted by a throng of photographers eager to capture this historic occasion…
Author:Ian Clover 01/07/2014 [0] Comments 
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Kids come first for many expats, study finds

The chance to create a fun, fulfilling lifestyle for their children is one of the strongest draws for expat life

A new study by YouGov and Lloyds Bank Private Banking has found that one-in-four British people would seriously consider moving abroad if it meant that they could be closer to their children.

The results of the survey, which is likely to send shivers down the spines of 20-something flyer girls and barmen everywhere from Marbella to Ayia Napa, were recently published by the bank, and reveal that 67 per cent of Brits with children believe that a move abroad would help their family improve their quality of life…

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Author:Ian Clover 19/06/2014 [0] Comments 
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Spain prime minister promises cash boost for businesses

Mariano Rajoy has earmarked more than €6bn for Spanish businesses

Throwing money at a problem, we are told, is no guaranteed way to solve it. But the well-heeled are not down-at-heel for a very good reason, and money often has a lot to do with it.

Spain’s economy has been down at heel so often in recent years that it had begun to resemble a piece of discarded gum: flat, useless, rather unsightly and generally in a sticky situation. But in recent months it has scraped itself off the pavement and is now readying itself for fresh bouts of mastication…

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Author:Ian Clover 17/06/2014 [0] Comments 
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Spain’s 5-1 WC defeat earns one Spaniard €100,000

Not every Spaniard was left feeling glum at the weekend

It was a shocker, a horror show, a nightmare. Spain’s opening game at the World Cup on Friday will go down in history as one of the worst opening defences by a world champion ever. To lose to the Netherlands was one thing. To lose 5-1 was unthinkable.

Almost literally, it was unthinkable. Except for one masochistic Spaniard who predicted such an outrageous scoreline beforehand and woke up on Saturday €100,000 better off

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Author:Ian Clover 16/06/2014 [0] Comments 
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Spain no longer in EU’s pocket

Spain has paid down its debt to the EU by a third in the past year

What a difference a year makes: figures released this week by the Spanish Central Bank show that Spain has reduced its debt owed to the EU by almost a third in the past 12 months – with the debt owed shrinking even further in the first quarter of this year… Continue Reading

Author:Ian Clover 26/05/2014 [0] Comments 
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