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Wednesday, August 10, 2022

Gamarra reckons tax on banks and energy companies will hit customers: ‘These are the market rules’

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He sees the high inflation as “the prelude to a harder September slope” and certifies that Sánchez’s economic “band-aid” is a “failure”.


PP Secretary General Cuca Gamarra believes that the new tax on banks and energy companies proposed by Pedro Sánchez’s government will have an impact on consumers because, as she has stressed, “the rules of the market are the rules of the market”. He has also warned that high inflation is the “prelude to a much tougher September climb”.

“Today we only have band-aids that make us fail,” Gamarra said in an interview with Europa Press, where he complained that Feijóo’s government had not accepted economic proposals, such as lowering the IRPF’s tariff, with which he’s trying to “give his shoulder so the Spaniards can do better”.


Gamarra has no doubt that the two new taxes “will affect Spaniards as consumers”, although the proposed law, registered by the PSOE and United We Can, seeks to rule out this possibility.

“We’ve seen this before,” he argued, pointing out that “when property transfer tax came in and everything mortgage-related, the government said it wasn’t going to pass it on to consumers, and it did also.” “The rules of the market are always the rules of the market,” he summarized.

He also stressed that “the way is not to create taxes and collect taxes” and accused Sánchez of “wanting to mislead populism” by insinuating “the economic policies” of United We Can.

“The way is not to create different taxes on sectors of the economy that already pay taxes and pay higher taxes than those dealing with other sectors,” he explained, noting that experts have already warned that the new tax “can lead to a reduction in lending business” and therefore have “negative effects on the domestic economy” and on the economic and business fabric.


With inflation picking up – the CPI rose to 10.8% for electricity and food in July, the highest level since 1984 – Gamarra has assured that it is “clear” that if prices continue from “galloping”. while this is happening, it is confirmed that the government’s measures “are not working” and are a “mistake that impoverishes Spaniards more and more every day”.

“These data reflect that Spaniards are almost 11% poorer than a year ago, and this affects essentially those who have the most and the least difficulties, which also means more inequality,” Gamarra said.

Asked if she thinks that with the return of summer the uneasiness will be felt in the streets, the PP leader said that “this figure is without a doubt the prelude to a much tougher September hill for the Spaniards than a year ago and therefore more difficulties with a government that does not take measures that the Spaniards can end up doing a little better”.

Alberto Núñez Feijóo’s “Number Two” has indicated that a “responsible” government should be dedicated to approving “solutions” such as deflating the personal income tax rate, which his party has raised in the sub-€40,000 brackets. “They refuse to do it for all Spaniards while they support it in the Basque Country and Navarre,” he criticized.


Given that unemployment had fallen by 255,300 people by June, Gamarra has stressed that this quarter includes data for Easter and the beginning of summer and that there has “always” been employment growth due to “the seasonality itself” and by “sectors” in which have a lot of weight in the economy, like tourism”.

Gamarra has “welcomed” every job created, but stressed that “Spain is in fact the European country with the highest youth unemployment, the highest female unemployment and the highest unemployment in general”.

“That’s why we’re not on the right track. And we must not forget that of the 27 EU countries, we are one of the four that have not yet achieved pre-pandemic growth,” he insisted, adding that Spain “is”. worse off” and is due to an “incorrect and failing economic policy”.

Asked whether the PP alleges that the government is making up for the unemployment figures with discontinuous fixed lines, she stressed that “it is clear that there is a mirage” as “due to legal necessity the fixed-term contract has disappeared and transformed into has the solid discontinuity”. According to him, in this way “a distortion of reality is created” and “the government plays confusion”.

Source europapress.es

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