Weekender Alicante North Issue 117

22 FRIDAY 15TH NOVEMBER 2019
www.weekender.news
Business & Money
UK economy stalls
BRITAIN'S economy has
grown at the slowest annual
rate in almost a
decade, as the Brexit
uncertainty continues, according
to official figures.
Year-on-year growth in
the three months to end-September
slowed to 1% from
1.3% in the second quarter,
the Office for National Statistics
said.
An ONS spokesman said:
"Looking at the picture over
the last year, growth slowed
to its lowest rate in almost
a decade."
But the economy avoided a
recession by growing 0.3% in
the third quarter.
The economy had shrunk
in the second quarter and
two quarters of contraction
would have technically signalled
a recession.
Ruth Gregory, senior UK
economist at Capital Economics,
said that while the
economy avoided a recession
in the third quarter, the
by Alex Trelinski
the eastern end of the town
and will be about half a kilometre
long.
economy was "pretty soft".
Tej Parikh, chief economist
at the Institute of Directors,
said that "a return to
growth is welcome news, but
narrowly avoiding a recession
is nothing to celebrate".
"The UK economy has
been in stop-start mode all
year, with growth punctuated
by the various Brexit
deadlines," he added.
The Chancellor, Sajid Javid,
said the figures were
"another welcome sign that
the fundamentals of the UK
economy are strong. Under
the Conservatives, we've
seen nine consecutive years
of growth".
But John McDonnell, the
shadow chancellor, said:
"The fact that the government
will be celebrating
0.1% growth in the last six
months is a sign of how low
their hopes and expectations
for our economy are."
Plans to connect
station underway
BENISSA has been granted
just over €120,000 in
aid from the provincial
government to start construction
of a pedestrianised
walkway at the
town’s train station.
The Diputacion confirmed
the grant this week, saying
it would improve safety
for both people on foot and
drivers.
The work will start where
Calle dels Fuster intersects
with Avenida de l’Estacio on
by Simon Russell
Ultimately the plan is to
connect the station with the
main town centre, to benefit
both visitors and local
residents alike.
We all pay for the thieves
THEFT from retailers in
Spain adds up to just under
2 billion euros a year,
adding an average of
€100 per household per
annum as these losses
are built into the price of
goods.
Not all are shoplifting, a
surprising amount of goods
are stolen in transit while
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by Simon Russell
Hotel finally
gets the
green light
A CONTROVERSIAL hotel
project in Valencia City
that has been under discussion
for 15 years appears
to have finally been
given the go-ahead by the
city planners.
The 60 to 80 room building
is to be located in the Eixarchs
Palace close to the Central
Market which is designated
by Simon Russell
an Asset of Local Relevance
and so requires the approval
of the Heritage Commission
as well as the planners.
This has now been given
and, providing it is rubber
stamped at the Ministry of
almost a quarter of all thefts
are by shop staff and other
employees such as warehouse
workers.
The total is equivalent to
just under 1% of all goods
produced for sale and the figures
show that stealing from
large retailers is not a “victimless
crime” but impacts
all customers, with the poor
and large families suffering
disproportionately as prices
increase.
There are also concerns
from retailers about the
steady rise of digital crime,
although it is still small compared
to more conventional
thefts.
Culture, construction work
should start soon.
Some locals have complained
about the project,
both about the disruption
that will be caused by the
works and the idea of building
at such a culturally sensitive
spot.
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Beware Black Friday
flight bargains
by Simon Russell
THE UK’s largest independent
consumer watchdog
Which? has warned consumers
that many Black
Friday travel deals are not
all they seem.
They say that offers from
the likes of Ryanair and Tui
are “either exaggerated or
non-existent”, giving the
example of Ryanair “offers”
which were no cheaper on
Black Friday with very limited
availability another
problem.
One flight, from Stansted
to Barcelona at the seeming
bargain price of £4.88 “did
not appear to exist at all” according
to the Which? report.
The watchdog is urging
people to think twice about
buying flights advertised
as a Black Friday deal, still
a relatively new concept in
Europe and even more so for
travel discounts.
Which? believed there is
an element of some firms
jumping on the bandwagon,
taking advantage of the publicity
generated by Black Friday,
in the US traditionally
the last Friday in November
and usually the biggest sale
day of the year.