73% of British companies see a bad climate for business in Spain

23/11/2020 11:52Updated: 11/23/2020 12:06 PM

United Kingdom stayed in the first semester of the year As the second country that has invested the most in Spain Despite the Covid crisis and Brexit, with 1,004 million euros, only behind Switzerland, although British investment in Spain decreased by 68% in the first six months of the year compared to 3,125 million last year.

In addition, 44% of British companies plan to reduce their investments this year in Spain and 45% to maintain them in 2021, while a 73% see bad or average weather to do business.

This is clear from the results of the VI Barometer on climate and prospects for British investment in Spain, presented this Monday by the British Chamber of Commerce in Spain and developed jointly with Analistas Financieros Internacionales (Afi), which highlights that despite the lower investment, the positive records of British foreign direct investment (FDI) in Spain continue.

E. Sanz

A figure that represents just over 1% of GDP, according to data from addmeet.com, a portal specializing in auctions and private online sales of plots and buildings.

Only in two of the last 15 years has British FDI in Spain registered more divestments than investments, which has allowed the United Kingdom to go from being the sixth largest investor in Spain in 2015 to the second today.

In addition, in the 16 quarters since the Brexit referendum, these British investment flows to Spain have amounted to 14,665 million euros and represented 13% of all foreign investment received by Spain.

Until June, Switzerland (2,963 million) led foreign direct investment in Spain, followed by the United Kingdom (1,004 million), France (766 million), Japan (514 million), Germany (465 million), USA (316 million) ) and the Netherlands (172 million).

In the first half of 2020, demarcation most benefited by British FDI was Madrid, with an investment of 773.1 million that almost multiplied by five those of the second classified, Catalonia, with 165.7 million, and by thirty those of the third, Andalusia, with 26.1 million.

Regarding the regions that have benefited the most from British investment in the recovery period since 2014, Madrid, with 10,671 million, once again leads a ranking completed by Catalonia (2,164.8 million) and the Basque Country (1,871.8 millions).

During the presentation of the barometer, the UK Ambassador to Spain Hugh Elliott, stressed that the data is an “excellent example of the strong commercial relationship between the United Kingdom and Spain”. “The United Kingdom is the main investor of the European Union in Spain, this close economic and friendly relationship will continue after the transition period,” he predicted.

For his part, the Mayor of Madrid, José Luis Martínez-Almeida, has underlined “the stability of the relationship between Spain and the United Kingdom, and how 34% of the foreign investment made from the Community of Madrid is also directed to the British country”.

Almeida has guaranteed that the Community and the Madrid City Council will continue “with the model of the last decades, of openness, low fiscal pressure and continuous effort for the sake of regulatory simplification to provide the region with a framework of conditions and sufficient stability so that those who want to invest in Madrid can continue to do so. “

British installed investment reaches a new record

In 2018, the last year for which the stocks of foreign direct investment in Spain, United Kingdom was the second most important investor for the fourth consecutive time, continuing the uninterrupted growth of this stock since 2013 and placing it at a record figure of 63,225 million euros, which represents 14% of total FDI in Spain, only exceeded by the United States (17%) and ahead of France (12%), Germany (10%) and Italy (9%).

By sectors, this stock it is distributed above all by energy, with 10,745 million of installed investment, four times more than in 2016, that of telecommunications (8,917 million), tobacco (6,177 million) and the manufacture of basic products of iron, steel and ferro-alloys (4,982 million).

The president of the British Chamber of Commerce in Spain, Luis Pardo, has highlighted that the British stock is “markedly productive and supports 235,600 jobs, 60% direct”, a figure that together with others “prove the good health of the company. bilateral relationship between the two countries even in a context impacted by a global pandemic and the increasingly imminent outcome of Brexit. “

Most see bad or regular business climate

On the other hand, the VI Barometer on climate and prospects for British investment in Spain of the British Chamber of Commerce in Spain also incorporates a survey conducted between the months of July and October this year to the more than 1,550 companies active in Spain with British majority capital.

The survey reflects a “notable deterioration” in the perception of the climate for doing business due to the collateral effects of the Covid crisis, since if a year ago only 19% of those surveyed called regulating the business climate in Spain and none They considered it bad, today 73% opt for those two options, a figure similar to that of those who in 2019 believed that it was good or acceptable (81%).

The climate data is also obtained averaging nine themes and the nine have worsened their scores compared to last year, including those related to political risk, the labor market or the degree of digitization of our economy.

In addition, prior to the covid crisis, 58% believed that it would grow in 2020, while in the post-Covid-19 world, 93% expect it to fall this year, and 47% that it will continue to do so in 2021.

Regarding their investment prospects in Spain, 44% of British companies plan to reduce them compared to 2019. Looking ahead to 2021, their maintenance predominates (45%) and, both this year and next, their main focus will be be taking advantage of opportunities derived from the pandemic.

Finally, there continues to be a low impact of Brexit on the investment disposition of British companies in Spain, since only 20% attribute the decrease in their investments this year to the United Kingdom’s exit from the European Union, a decision that they impart especially fears of the appearance of regulatory requirements or barriers (62%) or of tariff costs (43%).


Climate as a natural deity

Life in the city often leads us to forget that everything has a natural origin and that new technology is not always necessary, keeping us glued to our smartphones or computer screens.

The many towns that we have in Mexico can still teach us a lot about a way of life far from what a screen says, a clear example being predicting the weather without the need to consult meteorology applications.

In many places the climate is taken as a natural deity and they have their own ways of knowing what the day will be like, being a fundamental point in the agricultural subsistence and for the correct social development in these areas.

In principle, the senses are used to predict the weather. Sight, smell and touch they detect signals through the color, shape and size of clouds, as well as stars such as the moon and stars. In this way, frost, rains and other phenomena can be predicted in order to protect the corn.

The climate is also associated with the animals in the field, as ants, birds, coyotes and other species they emit songs, flights and behavior that can predict hot, cold and rainy conditions.

We must not forget that for these communities the weather or the storm are deities that maintain the Natural balance, to which they must have a lot of respect and worship.


Donald Trump | Washington Post critic talks about politics and Donald Trump’s books – US and Canada – International

In mid-March 2017, a presenter on Fox television asked Donald Trump a question about his reading habits. The president’s response gave more than one comment. Well, you know, I love to read. In fact, I’m looking at a book, I’m reading a book, I’m trying to start it, ”he said. He clarified that every time I advance half a page “I get a call about an emergency, this or that.”

(Read also: What awaits Colombia with Trump or with Biden).

The truth seems to be another. Those who have worked closely with the current president of the United States say that the written word is not his thing, with the exception of the 280 characters that are allowed on Twitter. Even the short reports that you receive on different topics in the usual way are not usually browsed by someone else given to being informed by the small screen.

For that reason, it is truly ironic that the number of books on the White House tenant is the highest of all time. According to the accounts of Time magazine, about 1,500 have been published – an average of almost one per day since the magnate took office., double that in the time of Barack Obama.

The justification leaves no doubt. What is written about him or his administration arouses great interest, whether among supporters or enemies. The text of his niece Mary Trump (Too Much and Never Enough: How My Family Created the World’s Most Dangerous Man) sold 950,000 copies on the first day it hit bookstores early this July, according to publisher Simon & Schuster.

(Can read: Trump suffered emotional abuse from his father, according to his niece)

Other titles on the same subject have also quickly entered the category of best sellers, with print runs that exceed one million units. So much so that The Economist magazine pointed out that the controversial leader ended up being a kind of blessing for publishing houses and more so in the midst of the pandemic.

What is said on that large number of pages? The most complete answer comes from Carlos Lozada, a nonfiction book critic for the Washington Post who won the prestigious 2019 Pulitzer Prize in this category.

Born in Peru and nationalized in the United States, this slow-talking Lima native is receiving multiple accolades for an effort that helps close the circle. The reason is the publication of your book What We Were Thinking: A Brief Intellectual History of the Trump Era that arose from the reading of more than 150 volumes related to the character, over five years.

(Too: Who is winning the US presidency according to the polls?)

Far from being a compendium of reviews, the writing puts into perspective a series of facets related to someone who shook American politics to its foundations. The chapters are arranged thematically and range from the explanation of the coming to power of a candidate who was seen as a kind of joke to the internal tensions of an administration that behaves impulsively and surprises locals and strangers.

Kabbalahs and lessons

No one is completely certain what the result will be next Tuesday, even if the polls favor Joe Biden by a wide margin. Carlos Lozada answers with a forceful “I have no idea” when asked about the possible outcome.

Opting for the prudence line is reasonable. If there is any lesson from what happened in November 2016, it is that polls can be wrong by a wide margin. The defeat of Hillary Clinton in the electoral college, despite having triumphed in the popular vote, was something that very few believed. Although the scenario of a failure for the Democrats seems less feasible now, it is better to wait until the results of the vote are known.

(Further: Democrats and the ghost of the 2016 election)

Looking at what happened since then is a worthwhile exercise. There are a few who think with desire and think that if Donald Trump is defeated, in a matter of time it will be nothing more than a bad memory, a kind of anomaly of democracy.
Others, on the contrary – encompassing Lozada himself – think otherwise. Thus, the current president of the United States was no longer an ideologue with a defined project, his triumph broke with schemes and tacit consensuses that will tend to be copied in the future and not only in the North American territory.

Beyond the fact that the millionaire dedicates himself to playing golf at the end of January and spends his days in his mansion in Mar A Lago in Florida, the forces that he unleashed may have permanent consequences on the way of doing politics and the spirit of polarizing the societies.

The reflection is valid in the light of the world situation. There is no doubt that the pandemic, with its effects on the health, the economy and the well-being of societies, will have sequels on multiple fronts.

(Further: The states that will define the White House).

If the imbalances from before and the presence of social networks explain –among other factors– the emergence of populism in different latitudes, it is not unreasonable to say that the script written by Trump inspires more than one candidate on any of the five continents. To go no further, part of Jair Bolsonaro’s tactics, adapted to the Brazilian reality, have a clear “Trumpian” component.

What we have learned here applies to many democracies and is that they are more fragile than we thought. (…) The system depends on how closely the leaders adhere to the rules of conduct.

Consequently, the first lesson of Lozada’s book is that it is not advisable to belittle anyone. For the author, the current president was imposed in 2016 “because nobody thought it was possible.”

Understanding what happened is something that still reveals to analysts. “The answer to why you won is never so simpleBut deep down there is the feeling of many people who felt that there was no place for them in the political field and that makes a candidate who says he is going to destroy everything attractive, ”says the Washington Post critic.

No less interesting is the claim that the divisions in American society were there and what Trump did was expose them. The existence of two different countries – one urban and one more rural, one with higher levels of education and another hit by globalization. It was already notorious and does not necessarily respond to the color of traditional communities, but to the indifference of the former and the frustrations of the latter.

(We recommend: The United States enters the elections with extreme polarization)

Also striking is the criticism of those who have written from the side of the opposition, those who fainted when a millionaire with a questionable reputation in business, who managed to become popular thanks to a television program, sat in the same chair they occupied. Washington and Lincoln. Instead of understanding why the electoral surprise happened, the usual response was to entrench themselves and belittle the other side.

“That was a missed opportunity to try to create different communities and that is why the resistance books were among the most disappointing”, Lozada notes. “Instead of reassessing what others were thinking, they did not even try to give other perspectives a chance, something that is a sign of a lack of imagination or curiosity to understand what had happened,” he adds. Especially striking is the simplification and contempt to the contrary, which questions even the intelligence of the other.

Due to this circumstance, the current divisions are even deeper than four years ago. Proof of this is that the use of the mask to protect against the pandemic ended up having political color (the Democrats wear it more than the Republicans), when its use is advised by health professionals.

Pretexts, not principles

Another lesson that stands out is the propensity to make proposals that arise not necessarily from ideological principles, but from convenience. A typical example is the idea of ​​building a wall on the border between Mexico and the United States that would be paid for by the Latin American country.

In the relevant books highlighted by Lozada it is obvious that the initiative arose as a way to organize the speeches of the then candidate and highlight his experience as a builder. When the crowd reacted with enthusiasm, the issue of immigration became the main theme of the campaign and the applicant used it in every intervention.

(Can read: ‘If Latinos go out to vote, the distribution of power will change’)

Implicitly Trump struck a chord for many voters who long for a bygone age, in which diversity was less apparent. “Much of the support received in rural areas, in white areas, has to do with the rejection of the other, who is different. Nobody cares if the Canadians come in, ”says Lozada.

Nor is the use of fake news less, with which the deployment of lies for political purposes has become an accepted tool. It was the White House press secretary who coined the term “alternative facts” to give a different look to reality.

Behind that offensive there is also a deep intention. If no one is telling the truth, any journalistic investigation or revelation is questionable.
As a result, it is the messenger that matters, not the message. “The American public does not know what to believe or only believes in the people that each supports politically“Says the author of What we were thinking.

But perhaps the most disturbing thing about Lozada’s editorial findings can be summed up in a few sentences. “What we have learned here applies to many democracies and is that they are fragile, more fragile than we thought. The reason is that these are governed not only by laws or constitutions, but by norms and customs that can be discarded ”. Conclusion, “the system depends on how closely leaders adhere to the rules of conduct”, Adds the critic.

Such a verdict should sound like a warning bell for what the future may bring. Given the impoverishment of millions of people and the deterioration in the quality of life of countless families due to the pandemic, betting on the politics of rabies and breaking with multiple schemes becomes attractive and possible, especially in countries with weaker institutions.

Polarization, then, is very useful especially for a person who sees power as an end in itself, not as a means to achieve transformations.. ‘Divide and you will reign’, goes the adage, a strategy that some dictators use but that collides with the search for the common welfare.

(We recommend: ‘If we do not abandon the metaphors of war, we will not dialogue’)

The alarm noise derived from this style of politics should be heard in Colombia, where the gaps that exist between different sectors of opinion seem irreconcilable. Choosing who represents these extremes and seeks to overwhelm their opponents, instead of summoning them to find meeting points, is frankly dangerous in light of what has been seen so far.

Back in the United States, it is possible that if Biden becomes president, the winds of reform will blow to strengthen the system of checks and balances or prevent justice from becoming politicized. However, all that remains to be seen, not least because its own electoral base is also fragmented.

(Further: ‘Trump will be the first president to lose reelection since 1992’)

In the meantime, the eyes of the world will be focused on next Tuesday’s count. For Lozada, what happened in 2016 could be summed up as “we weren’t even thinking that Trump was going to be like we already knew Trump was.”

It remains to be seen whether this time American citizens exercise the right to choose differently. But even if they decide mostly in favor of the Democrats, the winds that were unleashed will continue to blow and can give rise to more than one storm and not only in North American territory. Because, as the well-known saying goes, “the bad example spreads”.

Senior analyst
Special for THE TIME
Twitter: @ravilapinto


Young people live badly because of the elderly or infinite fatigue

Generating outrage is a strategy that works. It is enough to issue a forceful thesis that opposesga apart of the population to another so that, between refutations and adhesions, the idea begins to circulate. This may be the case of the ‘plug generation’, in which a recent book affects of Josep Sala and Cullell, which delves into this type of exhausting controversy, since it rains on wet.

The quarrels in the neighborhood yard

One of the criticisms that have been made most frequently of the current left, and of course I have joined that line, is its limited capacity to understand the whole, what has been called the system, for, instead, provoke sterile confrontations between population groups, whose obvious result was to settle the transformations that the same system was carrying out. A good part of the last political troubles, banal and hostile, but finally relevant, have been woven thanks to this type of argument that entertained us with the fights between the neighbors of the first and those of the fifth while the building deteriorated by the weight of the structural vices.

Now we have a new cultural problem, the old ones steal from us. As always when they arise, the thesis rests on a real part that exaggerates

But it didn’t matter, because we had something to discuss. This chorra progressivism was quickly followed by an equally regrettable right wing, which plunged us into sterile but entertaining discussions. Polarization consists above all in this, in confronting people who are part of the same in a way that they fight for power, recognition and available resources, which are few, instead of trying to change the framework so that the most benefit number of people possible.

Now we have a new cultural problem, the old ones steal from us. As always when these stories arise, the thesis rests on a part that is real. Previous generations have lived better than ours, at least part of their life. Because you have to understand what the working conditions were in Spain in the 50s and 60s, the hardships and difficulties that most of the people had to face, the unfortunate conditions they endured and the amount of sacrifices they had to make to reach a certain stability, to understand the mapa full. Let’s abstract, yes, that these are the generations that have died in residences during the coronavirus.

Pensions are a problem

But it is true that these generations were able to own an apartment that was paid for in ten years, that it was easier for them to access a stable job, whether in the public function, in state-owned companies, in large companies or in small businesses, than They were able to send their children to university because they had resources and help for it, and that they have retired in conditions that we will never have. But it might be wiser to fight to make these conditions last or improve rather than stir up resentment against them. Because if the problem is that the elderly collect pensions of a thousand euros and a house they own maybe the solution is not to cut their pensions in half and take away their house.

The old are a wild card: they are the culprits of Brexit and Trump, those who do not adapt to digitalization, those who adopt reactionary ideas

Another interesting thing about this type of polarization is that it tends to work, in part because one group feels attacked and another is reflected. Many people, and not just the young, but people in their late thirties or forties, are likely to see their possibilities limited, live in frustration, and find an easy target to blame. They think of the enormous merits that they treasure without being recognized enough, or of the insufficient salary conditions, or of the short route they see, and they find someone to hold responsible. Anyway, this is a lot like what those kinds of people criticize of populism, easy solutions. The old, in addition, have become a wild card: they are the culprits of Brexit and Trump, those who do not adapt to digitization, those who have reactionary ideas. But in addition to all this, they tell us, they are the ones who have the power in their hands.

Spanish elites

It is also true that in recent decades, circulation among Spanish elites, but also in many other countries, has been limited. Anyway, that’s how things usually work: those who come to power try to keep it as long as possible. In the Spanish case, they have succeeded to a large extent thanks to a generalized strategy, also outside: the people who ascend reach a certain limit, just before reaching the top of everything; at that moment, they are fired or moved sideways. It has happened to generations before Josep’s Room, is happening to yours and will probably happen to the following.

This is what lThe may to name in many ways, the system, capitalism, the desire for power, but not “the old ones”. It is part of a state of affairs, of a type of operation of contemporary companies and institutions, and If you don’t like it, which you probably don’t, you would do well to try changing it instead of blaming a group of people, many of whom have been fired so that their positions are filled by people with less age and lower salary. They cook beans everywhere, to use an old expression.

They pit the veterans against the rookies, the young against the old, the blacks against the whites, to keep us all in our place

This, deep down, it is nothing more than the ‘reality’ strategy. You take a few people, you put them in a closed space, you put them to compete, they fight each other, and the viewer looks through the screens and takes sides for one or the other. It is also easy to get emotionally involved, because there are more assholes and fewer participants, and sympathizing with some and rejecting others is the usual thing. But, engrossed in these troubles, it rarely realizes that everything is organized to do so. To cite the current example, couples with a specific personality are chosen, which are known to play a role, and all the wickers are used so that tensions explode. People fight in the program, they discuss them in ad hoc gatherings, the viewers comment on it through networks and the result is that someone makes money with all that noise. These political troubles they work the same: there are fiery statements, hostility, positions for or against, but until the next controversy arrives. Paul Schrader, director and screenwriter, offered a vision of who makes money in his film ‘Blue Collar’: “They pit the veterans against the newbies, the young against the old, the blacks against the whites, to keep us all in our place.” Well that’s it.


‘The New York Times’ attack on Donald Trump – USA and Canada – International

With an unusual display, ‘The New York Times’, one of the most influential newspapers in the United States, published yesterday in its printed version a harsh attack on US President Donald Trump, a few weeks before the date of the elections in which he seeks his re-election.

(You may be interested: Reconstruction of the alliance with Colombia will be one of my priorities)

The special, which had already been advanced on Friday on the web, and which did not require subscription, drew attention for a devastating opinion article entitled ‘End our national crisis’ in which it is assured that “Trump’s re-election campaign represents the greatest threat to American democracy since World War II ”.

The text, signed by the Editorial Board, a group of journalists defined as separate from the Editorial Board, continue with phrases like:

“Trump’s ruinous term has already severely damaged America at home and around the world. He has abused the power of his office and denied the legitimacy of his political opponents, breaking the norms that have united the nation for generations. Has subordinated the public interest to the profitability of its commercial and political interests. He has shown impressive disregard for the lives and liberties of Americans. He is a man unworthy of the position he occupies (…)”.

Trump’s reelection campaign represents the greatest threat to American democracy since World War II.

The pronouncement was accompanied by several essays that touch on controversial issues of his mandate, such as corruption, demagoguery, populism, environment, the rights of women, immigration and racial discrimination, among others, signed by prestigious pens and that headed several pages of the form.

(Of interest to you: Colombia is in the middle of the US presidential campaign.)

The text concludes with a phrase that shows what is at stake: “November 3 could be a turning point. This is a choice about the future of the country and which path its citizens want to choose ”.


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What does the editorial that The New York Times published against Trump say – United States Elections 2020 – International

The New York Times newspaper published a harsh editorial on Friday against the president of the United States, Donald Trump, in which it says that the president’s re-election campaign means “The greatest threat to American democracy since World War II.”

(Also read: The key points of Trump and Biden in their separate gatherings)

“Trump’s ruinous term has seriously damaged America at home and around the world. He has abused the power of his office and has denied the legitimacy of his political opponents, breaking the rules that have united the nation for generations, ”the text says.

(It may interest you: The key points of Trump and Biden in their separate gatherings)

Donald Trump will contest the White House with Democrat Joe Biden.

The opinion piece states that the president has shown disregard for the lives and liberties of americans and points out that he is “a man unworthy of the position he occupies.”

In addition, the newspaper recalls that it has condemned the “divisive rhetoric of the president and his attacks on other” Americans. The Times also says that November 3, the day of the presidential elections, may be a “turning point.” “This is a choice about the future of the country and which path its citizens want to choose.”

(Also read: How likely is Donald Trump to be re-elected in the US?)

On the other hand, Trump traveled this Friday to Florida, a key state, and Georgia, an old Republican stronghold. Democrat Joe Biden, for his part, He spent the day in Michigan, a northern state that the Republican narrowly won in the 2016 election.

With AFP *

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