Business & Finance

Hopes for a clean-break Brexit boost GBP/EUR exchange rates

THE pound has been strongly influenced by Brexit over the past two weeks, making tentative gains against the euro, but having a harder time against the US dollar. The GBP/EUR rate has improved over the last fortnight, opening at 1.10 euros, and hitting 1.12 last week; the pairing has, most recently, fallen back to 1.11. […]

Courts clash over late mortgage repayments

By Mariano Zunino THE lack of legal criteria, establishing when the clauses on late-payment interest in mortgage loans are abusive, has led the Spanish First and High Courts to apply different decisions. Consequently, it has led to legal uncertainty, and an arbitrary difference of treatment for consumers. To end this disparity, and also end the […]

GBP/EUR slides to 2018 worst levels, as Brexit jitters pile on!

THE pound’s August tumble versus the euro could be set to continue, as fresh comments from high-ranking officials, both in the UK and EU, keep alive fears of a possible “no-deal” Brexit. Over the past fortnight, GBP/EUR has seen significant losses, tumbling from 1.12 euros to 1.10. EUR/GBP, on the other hand, has climbed to […]

UK taxman hunts Spanish dodgers

THE British government has informed taxpayers, including those living in Spain or Tenerife, that they must declare their earnings on overseas assets by 30th September, or face fines. The UK’s tax-collecting authority, HM Revenue and Customs (HMRC), say the call is aimed at those who have not informed officials of assets and earnings outside the […]

Our house, our refuge, our castle… in short, our home

NOT everyone knows that taking out a home policy isn’t mandatory, except when the house is mortgaged. It’s the only situation that requires a person to have a policy which protects their home in Spain. However, it is worth saying that, although it is not mandatory, it is advisable and necessary to be prepared for […]

Political uncertainties help GBP/EUR stand firm

THE pound had plummeted to new, multi-month lows against both the euro and US dollar, in the past couple of weeks, although it has managed to claw its way back higher, as UK political tensions began to ease. GBP/EUR has slumped from 1.13 euros to 1.12, over the last two weeks, and EUR/GBP has climbed […]

Irate Ryanair staff spell out conditions

RYANAIR staff have taken to social media during the current strikes by cabin crew, pilots ground staff, to underscore their working conditions. They are striking for two days following the break-down of talks between the unions and Ryanair broke down. The hashtag #RyanairMustChange was trending before last weekend, with angered staff revealing their grievances. The […]

The 2018 Spanish budget is finally approved

THE Spanish budget for 2018 was meant to have been approved in September 2017, but, because of political instability in Spain, and the lack of sufficient support to pass the budget, it had to be postponed. With no 2018 budget confirmed at the start of the year, the 2017 budget was automatically extended until the […]

Sanchez offering licence to spend!

PEDRO Sánchez has given regional governments licence to spend extra cash this year by relaxing debt limits. It will make Spain’s new Prime Minister extremely popular with councils because increasing regions’ deficit margins, from 0.1% of their GDP to 0.3%, will free up another 2.4bn euros across the board. It means that long-shelved plans, such […]

UK political tensions weigh on pound exchange rates

SIGNS that the UK economy picked up speed in the second quarter encouraged the pound, even as domestic politics gave rise to fresh uncertainty and Brexit worries. The pound-to-euro exchange rate has struggled to find much momentum in recent weeks, hitting a high of 1.13, before dropping back to 1.12. Things have been a little […]

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