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Brit expats leave Spain amid Brexit fears, exchange rate woes

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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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24 Hours Across Africa

Facebook suspends thousands of apps in response to Cambridge Analytica row

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Facebook Inc said, it has suspended tens of thousands of apps on the social networking platform, as part of the company’s ongoing app developer investigation it began in March 2018 in response to the Cambridge Analytica row.

The suspended apps are associated with about 400 developers, Facebook said, adding that it is not necessarily an indication that these apps were posing a threat to users.

Earlier this year, the company agreed to pay a record-breaking $5 billion fine to the U.S. Federal Trade Commission (FTC) to resolve a government probe into its privacy practices.

The FTC privacy probe was triggered last year by allegations that Facebook violated a 2012 consent decree and inappropriately shared information of 87 million users with British political consulting firm Cambridge Analytica.

Facebook has since agreed to boost safeguards on user data and has put curbs on the amount of information that third-party developers can request from platform users.

“… We’re making progress. We won’t catch everything, and some of what we do catch will be with help from others outside Facebook,” the company said in a blogpost.

Source: Reuters

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24 Hours Across Africa

Female robber escaping through a window at the bank

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A female robber trying to escaping through the window after robbing a bank in Adum area of Kumasi in Ghana.

In the video, the lady threw the money down from the window and jumped down to get the money, but she was caught and arrested by the bank’s security operatives.

The details of the lady is still unknown as at the time of filling this report

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