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Back|The Popular Party presents a decalogue of economic reforms for Spain
The Popular Party presents a decalogue of economic reforms for Spain
Politics
20minutos·1 hour ago·Politics·2 min read·🇪🇸Spain·

The Popular Party presents a decalogue of economic reforms for Spain

The formation proposes building a million homes in four years and lowering taxes to combat economic stagnation

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The Popular Party proposes an economic plan that includes the construction of one million homes in four years, tax cuts and the extension of the useful life of nuclear power plants to reverse the current economic situation in Spain.

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Why It Matters

The Popular Party criticizes the economic management of the coalition government since 2018, citing a 42% increase in shopping basket prices.

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The Popular Party has proposed a decalogue of economic reforms to improve the disposable income of families, facilitate access to housing, with objectives such as building one million homes in 4 years, and increasing the productivity of the Spanish economy.

The objective, as the PP explains, is to "remove Spain from the stagnation and decline" into which "socialist policies and the absence of reforms" have put it and "whose consequences are beginning to be seen in the population."

In the specific case of housing, which the popular people describe as "the great Spanish regulatory failure" after "eight years of sanchismo", the objective is for Spain to "return to being a country of small owners where everyone can access the purchase or rent of a home."

"To achieve this, we must create the conditions to build a million homes in 4 years, offer legal security to owners and tenants, develop an anti-squatting law, streamline administrative procedures by favoring positive silence and fiscal measures for young people, through a home piggy bank or public guarantees of up to 95 or 100% and tax reductions of up to 60%.

"The loss of purchasing power of families, constant inflation, the sharp increase in taxes and the non-updating of the personal income tax rate, the loss of productivity and competitiveness or the distancing of neighboring countries are just some of the problems that the left-wing coalition government has transferred to Spanish society,"

Likewise, and with the aim of Spain regaining its place as one of the "most advanced economies in the OECD", the popular ones advocate lowering taxes to promote growth, increase productivity and competitiveness, return purchasing power to families and reduce regulation, among other initiatives.

It must be remembered that the increase in prices reaches 42% in the shopping basket and on average exceeds 27% since Sánchez's arrival to the Government in 2018, well above the increase in salaries, so the purchasing power of families has fallen among other things due to the non-updating of salaries according to personal income tax, "a tax increase through the back door that has impoverished citizens."

In the field of energy, the popular parties insist on requesting the extension of the useful life of nuclear power plants, repealing the nuclear closure schedule and guaranteeing the profitability of these facilities.

They are also committed to eliminating the electricity generation tax and drawing up a shock plan to "unclog" access to the network that they attribute to "erroneous planning and an inability to manage" and that is leaving business projects and "thousands of homes without the possibility of connecting to the network."

Open Questions

  • ?How will the construction of the million homes be financed?
  • ?What budget impact would the proposed tax reductions have?

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This article was originally published by 20minutos.

Quick Look

The Popular Party proposes an economic plan that includes the construction of one million homes in four years, tax cuts and the extension of the useful life of nuclear power plants to reverse the current economic situation in Spain.

AI-generated summary

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popular party
housing
economy
popular party
Pedro Sanchez
People's Party
OECD
Spain
housing
economy
taxes
energy
inflation

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