Catching-up. Really?

The Spanish Government is making it really well… in order to approach the cost of living in Spain to that one of UK. Higher VAT rates and special taxes (including petrol), that increase utilities and shipping costs all along the retail supply chain (i.e. food).

Well done: that’s what economists say ‘catching-up’. There’s only a problem: when I studied it the lecturer told us it was GDP the ones approaching!!!

PS No matter why at this pace living in London will be cheaper than living in Madrid or Barcelona.

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