Business
Hospitality doesn’t have a VAT problem. It has a profitability problem
Every few years, the hospitality industry returns to the same debate: reduce VAT, cut tax and save restaurants. A lower rate of VAT would undoubtedly help many businesses, but after operating…
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EC, shareholders approve Tui bailout worth €1.25 bn
Brussels (Brussels Morning) Tui shareholders voted to allow the German government to purchase a 25% stake in the ailing tourism…
Spain’s tourism revenue down more than 75% in 2020
Brussels (Brussels Morning) Spain's tourism revenues in 2020 are down more than 75%, making last year the worst since the…
Eurozone growth beyond expectations but still in the red
Brussels (Brussels Morning) While economic performance of the eurozone looks to exceed expectations in December, it is still in the…
UK aid budget could decrease by legislation
London (Brussels Morning) The UK government could pass new legislation to bypass its commitment to spend 0.7 percent of its…
The collaborative economy changes EU’s single market
Brussels (Brussels Morning) Services such as ordering meals and transport online are helping create a growth sector of digitally-driven jobs,…
The FInCec scandal and Europe’s institutional failure to regulate banks
The FinCen scandal suggests that Europe’s failure to deal with money laundering is institutional and political. That is the conclusion…
British house prices surge in biggest rise since 2016
House prices experienced their highest annual rise since 2016 last month, a 1.6 percent increase on August, which itself reached…
Gibraltar industry group warns of a ‘cliff-edge’ for businesses
The Gibraltar Catering Association (GCA) has said businesses in the restaurant industry are on a "cliff-edge" due to a shortfall…