POLL : Will Spain's cost of living still be attractive if the UK leaves the EU?
Thursday, June 2, 2016 @ 1:14 PM
DOUBLE POLL
FIRSTLY:
When it comes to retirement and even part-year living in a foreign country the cost of living is the determining factor most of the time. People compare everything from a tin of beans to an apartment on the beach and a three course meal. Some think Spain isn't what it used to be and others find it considerably cheaper than the UK still. I thought it might be interesting to get a general more up to date feel for this subject amongst the EOS members. So does Spain still offer a low cost of living or has it become more expensive, to such a point that it isn't that attractive anymore?
SECONDLY:
If so, do you think it will be just as attractive if the UK was to leave the EU?
The pound has slumped to a seven-year low against the dollar after David Cameron fired the starting gun on a four-month battle to determine the UK’s future in Europe. Ratings agency Moody’s has also warned that Britain’s strong credit score would be at risk if the public vote to leave the EU.
On financial markets, investors are gearing up for choppy trading between now and the 23 June vote. Investors are worried about the UK’s economic prospects if it leaves the EU and so they are more reluctant to hold sterling-denominated assets. Even before the referendum outcome is known the economy could suffer, say economists. Businesses do not like uncertainty and so exports, investment and overall growth could all be hampered, they say. Economists are not unanimous about a Brexit being negative for the economy, with some making the point that the UK could end up better off in the long term....
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