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Brit expats leave Spain amid Brexit fears, exchange rate woes

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briton in spain

Thousand of British expats have left Spain amid fears over Brexit and the pound’s slump against the euro, it has emerged. 

About 5,000 Britons are believed to have been living in the resort of Benidorm before the 2007 financial crash – but by last year that number had fallen to 2,825.

Over the same period, almost 5,000 moved away from the Balearic islands – Ibiza, Majorca and Menorca. 

By 2017, 14,981 expats remained on the islands – down from  19,803 in 2007,..

Some fear Brexit will have a negative impact on their lives abroad while others say life on the continent has become too expensive.

Yesterday, Sterling fell to its lowest against the euro in nearly a year. It came after British Prime Minister Theresa May played down the consequences of Britain leaving the EU next year without securing a deal with the bloc



It said figures from Spain’s National Statistics Institute showed the number of residents from 15 EU-countries in Spain had fallen by a quarter but the number of British expats had fallen 40 per cent.  

Between 2012 and 2017, the number of Britons leaving Spain outnumbered those who arrived. In the previous four years, 40,454 more Britons arrived in Spain than left.

While the drop in expats was put down partly to a shake up in municipal enrollment regulations in Spain, some people told the newspaper that Britons where struggling to cope with the devaluation of the pound.

Michelle Ball, who has a shop in La Xara, Alicante having arriving in Valencia as a 14-year-old, said: ‘Many are returning because life has become incredibly expensive.

‘My mother has lost €160 a month in her pension since the Brexit referendum because of the devaluation of the pound. Now her pension is €690. And since the Spanish government made changes a few years back she also has to pay a portion for her medicines. It’s not a lot but it doesn’t help either.’

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Finance

Expect sack over N30,000 minimum wage -Governors warns

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Nigerian governors have rejected the proposed increase of N30,000 minimum wage,  unless the organised labour wants its members to be sacked.



Adding that, the 36 States rejected it because they will run bankrupt if they accept to pay the workers that amount. 

On Wednesday, The chairman of the Nigeria Governors’ summon its members on emergency meeting in Abuja calling on the Federal Government to agree to their demand by reviewing the national revenue allocation formula.

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The chairman, Alhaji Abdulaziz Yari of Zamfara State, told the newsmen that a new committee would be raised to meet with President over this issue.

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The committee members who are nominated to meet with President Muhammadu Buhari includes governor of Enugu,Bauchi,Akwa Ibom,Plateau,Kebbi,Lagos and Kaduna.

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Yari said, he hopes the committees engagement with  President will make everybody happy if an agreement is reached.

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Crime

Police arrests 19 year old in possession of human parts.

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A 19-year-old man, Sunday Owo, was on Thursday apprehended with fresh human parts at a healing home in Awka, Anambra State.

Owo was caught with genital organs, fingers and blood-filled bottle of a child suspected to have been killed by the man.



The suspect, who was apprehended at the instance of the Proprietor of the healing home, Mrs Ifeanyichukwu Ilonzo, told reporters that he hailed from Ohaukwu in Ebonyi.

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He said he was asked by one Blessing to get the human parts and bring them to a natural healing home in Awka for money ritual.

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He said that he paid Blessing N50, 000 for connecting him to the healing home.

Owo confessed that the victim whose parts he had was about four years and that he killed him in a stream in his town and threw the head and other parts into the stream.

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