Unilever Stopped and They’re Not Moving to The Netherlands Now – What Happened?

During the past few days, the news regarding Unilever has been talked about in most of the economics circles around the world. This decision has caught everyone’s attention and it’s starting to worry about a lot of business people. If you don’t quite understand what this is all about, in here we give you the necessary info to know what’s going on:

Unilever


Unilever is a British-Dutch transnational famous for owning over 400 brands, such as Dove, Axe, Ben & Jerry’s, Hellmann’s, Rexona, among others. Nowadays, it’s the third biggest British firm in the market. Its main offices are located in Rotterdam and London.

The Moving

Last March, the company made the decision of moving its office from Britain to the Netherlands. According to official sources, this decision was made in order to abolish the dividend tax. In simple words: Big companies will avoid paying a huge amount of money in taxes.

However, last Friday it was announced that the moving stopped due to the increasing pressure applied by British stockholders. This measure is only temporary, though, as it can change whenever the company finishes evaluating the most convenient choice to make.

Why Are British Stockholders Interested In Unilever?


The British stockholders claim that if big companies, such as Unilever, maintain their offices in the United Kingdom, they will help the nation overcome the consequences of the Brexit. If the companies move away, London will not be the global financial center anymore, which will harm international economic systems.

In fact, worldwide financial organizations such as the International Monetary Fund claim that if the Brexit turns out to be harder than it is expected, one of the economic allied countries that will suffer the most is the Netherlands.

If Unilever decides to keep its offices in London, this will get more important companies to trust the United Kingdom as a global financial center.


Spanish Housing is Getting Really Expensive by Europe’s Standards

Buying a house is one of the first things to do when you are an adult who wants to start their own family. Houses and flats are expensive, and not all of us came from high-class families. But by saving enough money or getting some loans from the bank, you can afford to buy one!

However, in countries who are members of the European Union doing this is becoming more and more complicated. In Spain and Germany, the real estate market is starting to increase a lot. So much that many economists and statistics experts are starting to worry about it.

Increasing Rates in Spain


After the community statistics office, Eurostat published the updated proportion of Spain’s real estate market a few days ago, and many countries have begun to pay attention to it. It increased over two points, more than a whole point over the European Union general rate.

Spain’s rates are getting way higher than those of other countries. Countries like Germany, Ireland, Portugal, Netherlands, Malta, Romania, and Slovenia are getting closer to Spain’s rates, but they are not quite there yet.

Low Rates Everywhere Else


However, in the European Union, there are also countries which have been lowering their rates since 2016. These countries are France, Italy, and Sweden. It’s important to clarify that these rates are not dropping in incredible amounts, they just decrease a bit, but when compared to other countries, you can see the huge differences.

These kinds of changes in the global economy make everyone go crazy. It’s important to pay attention to the increase in rates, to check in which markets you should invest, and many others. Keep updated on it by constantly reading this blog. What is wrong with becoming a keen follower of European economic news? Enjoy all the knowledge you can get and put it in practice when looking a place for yourself.