Spanish ruling coalition proposes windfall tax on utilities and banks
The tax will only apply to companies with a turnover of at least 1 billion euros in 2019.Spain

Balearic inflation spiked in August.
Balearic inflation spiked in August.

European Central Bank Vice President Luis de Guindos
European Central Bank Vice President Luis de Guindos.
Spanish economy could take $5 bln blow from temporary taxes, think-tank warns
The banking sector expects to lose 35,000 jobs, or around a fifth of its total.
Supermarket giant accused of short-changing consumers with 30 euro food basket
Spain's government has already committed 30 billion euros to measures aimed at high energy costs such as with fuel rebates and VAT reductions for gas and electricity.
Balearic alert as Britons start to put the brakes on international holidays
UK travel agents have already seen sales dropping.
Spain wants to cap the prices of basic foodstuffs
“Spanish employers have to be up to the task: they have to revalue wages".
Europe heading for recession as cost of living crisis deepens
Forecasts of a bitter winter as businesses and households are battered by sky-high energy prices.
Balearics being outpriced by Turkey and Bulgaria
"Prices have risen sharply in some destinations and fallen significantly in others."

The Second Vice-President and Minister of Employment and Social Economy, Yolanda Díaz.
The Second Vice-President and Minister of Employment and Social Economy, Yolanda Díaz.
Balearic unions call on tourist sector to splash the cash after record season
Unions claim better wages will help improve the quality of services.

Some restaurant have taken roast chicken off the menu.
Some restaurant have taken roast chicken off the menu.
Chicken being taken off the menu in Mallorca
Restaurant simply taking expensive dishes off the menu to avoid raising prices.
Price of sunflower oil rises by 75 percent, eggs 31 percent
Price of eggs rises by 31 percent

Cost of living is surging in Mallorca.
Cost of living is surging in Mallorca.
UK joins Spain as inflation hits double digits
Spain is battling a major surge in inflation.
Inflation changing consumer habits in the Balearics
Inflation in Spain is running at its fastest pace in three decades.
Spain to raise inflation forecast after prices climb -economy minister
Inflation has surpassed 10% for the first time in 37 years.
- Ryanair changes its hand luggage and check-in rules
- Open letter: Please do not come on holiday to Mallorca
- Tourist replies to our open letter calling on holidaymakers to stay at home
- EU sues Spain for discriminatory tax treatment of non-residents
- "We must be very careful with the things we say"; Mallorca transport operators' concern about messages to tourists
Comment
The cost of living crisis - “How ****** much?”
The concept of CASH seems to be making a welcome comeback.
Frank Leavers12/08/2022 11:17