In true form, the ending of Theresa May’s last-minute snap election ended in a rather unexpected hung parliament, with the Conservatives planning to team up with Northern Ireland’s DUP party to form a majority government.
The election marked shock losses for the Conservatives. Out of 650 seats, the Tories finished with 318 seats – eight short of the figure needed to win – with Labour on 262, the SNP on 35 and Liberal Democrats on 12.
When an expat moves from their homeland to a new destination, either for work or education, they become a potentially valuable addition to that country. Such expats may go on to become an integral part of the country, which is why the rights of EU expats living in Britain has been one of the hot topics during Brexit negotiations.
Theresa May's pre-election refusal to guarantee the rights of migrant workers appeared to have a negative impact on many UK job sectors employing top flight individuals. It's a problem the media highlighted as a Brexit 'brain drain'.
Living on the Costa del Sol comes with many benefits. But it's not just the warm weather which makes it attractive to British expats or the fact that Blacktower has a team of expert financial advisers located in Marbella. No, there's plenty more to Spain than it's Sunshine Coast.
And in order to fully enjoy your life beside the beaches of Marbella, Malaga and Fuengirola why not drop into our offices to see one of our financial advisers?
It's always crucial to have your finances in order as these are uncertain times for expats, and the full impact that Brexit will have is still not known. However, receiving professional advice about the best way to manage your finances will help prepare you for whatever the future has in store. Our financial advisers in Marbella will provide you with nothing but the best guidance on how to manage your money.
Remember saying “Ready or not here I come”?
Well, a substantial number of my generation have forgotten the rules.
I was quietly having a cappuccino in Starbucks in Cascais, minding my own business and reading the weekend Financial Times, but I couldn’t help myself from listening to the people on the table next to me, a loud elderly crowd speaking in English.
In the first quarter of 2017, Spain's Gross Domestic Product (GPD) grew by 0.8 per cent, according to preliminary figures from the Spanish Statistical Institute (INE), which was marginally higher than the previous three months' growth of 0.7 per cent.
The was a larger expansion than many had predicted, causing the Prime Minister, Mariano Rajoy, to update the country's economic growth forecast for 2017 from 2.5 per cent to 2.7 per cent.
"Recent data for the first quarter of the year, as well as national and international forecasts, have pushed us to revise our growth forecast," the Prime Minister said.
Although the country may not have had much success in this year's Eurovision Song Contest, Spain has many other reasons to celebrate.
For instance, there is one very strong factor that makes Spain such a popular destination for many holidaymakers and expats (other than its music scene): it is home to many glorious beaches.
On Thursday the Bank of England (BOE) rate committee met to discuss interest rates, and, even though inflation is growing, yet again they have decided to leave the base rate at 0.25%. They obviously feel this is the best option as they assess the extent of any consumer slowdown and while they continue to play the waiting game regarding how the EU Brexit divorce negotiations pan out. The BOE seems to be playing a deliberate wait and see game, and with economic news continuing to be negative in the last few weeks, it now seems likely that the base rate could stay at this level until at least 2019.
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