Balearic President slams economic policies of British government

Brett DennisThe next couple of years are going to be interesting, challenging everywhere. This lady needs to see to her own house in order first . Particularly with a large cost sensitive single industry the Balearics are dependent on. Any barriers to trade will need to be prevented be it taxation, regulations or unnecessarily cost pressure. But yet the Balearics look to limit its opinions . Reports this week 5 year residency Limits before property can be purchased . That will depress that market particularly the high value end. Hitting the building industry and higher net worth value individual support functions.Looks like a bias toward hotel and rental trade. The digital nomad . Well they need to see “definitions” of nomad. They don’t do 5 year commitments. 90 day third nation nationals who don’t want to be residents mainly holiday home owners , eu citizens who want a retirement or holiday home but not reside permanently, are they going to be totally excluded from property purchase. That’s a sizeable % of the housing market. So depressing existing property values. If the island wants to reduce heads visiting. And go up market. Then the holiday hotel and house letting in the main season needs to be restricted. Also airline flight and seat numbers. That business model has to maximise occupancy during the holiday season.resultant in peak overcrowding June through to September. Policy and stated ambition often seem at opposition to each other. The two main countries for holidays on the islands Germany & U.K. have different but significant economic challenges in the coming years., There will be reason enough for decline in holiday spending Be it Stephen’s EES ,tourism tax, exchange rates , increased food costs, rents , mortgages increase, inflation or just being skint. This lady will have sufficient bumps on her own economic road without looking at someone else’s to comment on.

I really do think the Balearic president should clean up her own government before castigating other's. Spain does not encourage small business and self-employment the way UK does and only wants big business to operate, leaving those unemployed by the conglomerates grovelling around for economic scraps. She is only saying this as a political stance against the PP who will probably be victorious next election and she is running scared.

Who cares what this idiot thinks? She's not exactly done a great job herself the last few years, and I hope to god she's gone next year come the general election.

Your having a laugh, Majorca and the EU is bankrupt and corrupt thank goodness the UK left this mess. With Rishi in power the UK will surge ahead and cut taxes as soon as the books are balanced from our excellent furlough and Business Bounce Back Schemes, while the Majorcan people were left with nothing. So just as Majorca is trying to recover the EU introduces its new EES entry and exit scheme in May next year which will bring long delays next year making the baggage chaos this year seem small fry. What Majorca and the EU needs is it’s own Rishi. Just wait a few tourists until April then once the new EES gets going nobody will visit so it’s adios and off to Turkey we go.

That is the reason I found the mini budget in my favour as I am not a top world economist, or a globalist, but a low income pensioner. I think you are looking through rose coloured specs, as the Spanish tax system is far more punitive if you are honest than the UK system. You might like to take into consideration that in the past 50 years the worlds top economists have said many things that have not happened, and disaster has befallen those that follow, and their track record is pretty poor for being correct. As I said, the mini budget failed because the top world economists, globalists and MSM did not want it to succeed, so spread fear with gloom and doom frightening Liz Truss into submission, and having done that they were and are in control.

Nigel MaudeYou must know more about finance than all the world's top economists then, as all of them said the budget was a total disaster, to the point there was talk of the IMF having to bail out the UK. Luckily we have a sensible government in Spain and the Baleares that seem to understand these things.

It is very obvious she does not like Brexit. However, like many with their heads in a "dark place", could not see the mini budget would help just about everyone in the UK, however, Liz Truss' mistake was the way it was presented, but that is politics. As anyone taxed in Spain will know, UK taxing of income is a far fairer system, hence the reason of never becoming a Resident.