Díaz proposes a "structural, deep and comprehensive" tax reform

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The vice president of Labor and candidate for Sumar, Yolanda Díaz, announced today a "structural, deep and comprehensive" tax reform, although without specifying the exact measures. Within the framework of the APIE seminar at the UIMP in Santander, the politician has assured that "the debate is not about raising or lowering taxes but about eliminating privileges." In her opinion, "the Spanish tax system is deeply unfair." On specific measures such as his wealth tax strategy, he has not provided details. Not even about whether it would lower taxes. "The priorities are to increase fiscal progressivity through revenues," he stated. Asked about Vice President Nadia Calviño's demand that the bank raise the remuneration of deposits, Díaz responded that we must focus on mortgages and recalled her proposal made a few days ago to launch a bond so that those mortgaged at a fixed rate can deal with increases in fees.

The proposal - which would cost 1,000 million and would be financed with the bank tax - would be 1,000 euros per person for mortgages of up to 250,000 euros and a minimum of 10 years. During question time, he Russia Mobile Number List once again defended the need to launch an observatory of business margins. In his view, it is profits and not wages that contribute to rising prices. In the colloquium, Díaz was in favor of changing the way in which parliamentary debates are carried out in these elections: "the Spain of two men debating has passed," he said. Díaz has defended his party's proposal to confront different ideas. Díaz has claimed the increases in the minimum interprofessional wage (SMI) and has pointed out that the President of the Government and leader of the PSOE, Pedro Sánchez, "has fallen short" with his proposal to guarantee by law the increase of the SMI to 60% of the average wage.



The Bank of England raised interest rates to 5 percent, a surprise half-point increase that shows the central bank is stepping up its fight against persistent inflation. Voting seven to two in favor of the larger-than-expected increase, the BoE's Monetary Policy Committee said on Thursday it was responding to "important news" in recent data showing stronger inflation pressures in the UK economy. The BoE hopes its decisive move, taking rates to their highest level since 2008, will demonstrate its determination to rein in inflation, which remained stagnant at 8.7 percent in May. “We know this is difficult – many people with mortgages or loans will be understandably concerned about what this means for them,” said Governor Andrew Bailey. “But if we don't raise rates now, it could be worse later. “We are committed to returning inflation to the 2 percent target and will take the necessary decisions to achieve this.