Omega Management logo

Spain set for major economic & social change if conservatives win election

Spanish people will go to the polls on Sunday, as Socialist Prime Minister Pedro Sanchez bids to maintain power.

A few days before the elections in Spain, the campaign has intensified, but polls continue to point to a change in government.

As things stand, People’s Party (PP) leader Alberto Núñez Feijoo, is set to become the new prime minister, albeit, likely with the support of the far-right Vox party, something that has not happened since Spanish democracy began following the end of the military dictatorship in the 1970s.

Experts and political commentators are already speculating on the many changes it could bring about in the country.

Hardly any economic proposals have been discussed during the campaign, but there is widespread agreement that if there is a change of government it will be reflected in the economy.

“The opposition is very critical of the increase in taxes in recent years, also because of the increase in…

Read more…