Shoe shop chain Barratts Priceless makes 1,600 staff redundant

 The high street gloom deepened on Friday as more than 1,600 workers at shoe chain Barratts Priceless were made redundant and 400 jobs were put at risk following the collapse of toy chain Hawkin's Bazaar. Barratts' administrators Deloitte said the 1,610 full- and part-time staff who manned its 371 concessions in stores such as Dorothy Perkins would be paid up until the end of Saturday. The Bradford-based shoe group collapsed this month when...

two years of crisis and bank debt in Europe, the roaring euro party is over.

  Greeks are emptying their bank accounts, Italians are proposing that the Roman Catholic Church begin to pay nearly $1 billion in property taxes on lucrative hotels and businesses, and in the UK, protesters sans jobs have settled near 10 Downing in the wake of the nation’s biggest general strike in years. Spain has seen well-dressed panhandlers in Madrid. The Netherlands report higher bankruptcies and lower exports. French banks are cutting...

two years of crisis and bank debt in Europe, the roaring euro party is over.

  Greeks are emptying their bank accounts, Italians are proposing that the Roman Catholic Church begin to pay nearly $1 billion in property taxes on lucrative hotels and businesses, and in the UK, protesters sans jobs have settled near 10 Downing in the wake of the nation’s biggest general strike in years. Spain has seen well-dressed panhandlers in Madrid. The Netherlands report higher bankruptcies and lower exports. French banks are cutting...

Brits who invested their savings in their adopted countries may not be able to withdraw cash and could even lose their homes if banks call in loans

Marbella, Andalusia, Spain (pic: Getty)EMERGENCY evacuation plans for Brits living in Spain and Portugal are being drawn up amid fears of the euro collapsing.Advertisement >>The drastic proposals emerged as a former Security Minister warned expats could be left stranded and...

Brits who invested their savings in their adopted countries may not be able to withdraw cash and could even lose their homes if banks call in loans

Marbella, Andalusia, Spain (pic: Getty)EMERGENCY evacuation plans for Brits living in Spain and Portugal are being drawn up amid fears of the euro collapsing.Advertisement >>The drastic proposals emerged as a former Security Minister warned expats could be left stranded and...

Spanish king forced son-in-law to quit job in 2006

  King Juan Carlos told his son-in-law in 2006 to cut ties with a company now mired in corruption allegations, an official at Spain's royal palace said Sunday. Authorities are probing the activities of a non-profit company run by Inaki Urdangarin between 2004 and 2006. "(The king) ordered him to stand down from his activities and he sold his shares," said the official, who works at the royal palace's press office, confirming reports in...

Spanish king forced son-in-law to quit job in 2006

  King Juan Carlos told his son-in-law in 2006 to cut ties with a company now mired in corruption allegations, an official at Spain's royal palace said Sunday. Authorities are probing the activities of a non-profit company run by Inaki Urdangarin between 2004 and 2006. "(The king) ordered him to stand down from his activities and he sold his shares," said the official, who works at the royal palace's press office, confirming reports in...

Spain's longest-serving inmate received a government pardon yesterday that saw him and his family convinced that he would walk free immediately

After 35 years in jail and eight successful breakout attempts, Spain's longest-serving inmate received a government pardon yesterday that saw him and his family convinced that he would walk free immediately – only for him to remain behind bars.Since 1976, Spanish courts have found Miguel Angel Montes Neiro guilty of more than 30 robberies and armed burglaries, many committed while on the run. But even as a spokesman for the Spanish government, Jose...

Spain's longest-serving inmate received a government pardon yesterday that saw him and his family convinced that he would walk free immediately

After 35 years in jail and eight successful breakout attempts, Spain's longest-serving inmate received a government pardon yesterday that saw him and his family convinced that he would walk free immediately – only for him to remain behind bars.Since 1976, Spanish courts have found Miguel Angel Montes Neiro guilty of more than 30 robberies and armed burglaries, many committed while on the run. But even as a spokesman for the Spanish government, Jose...

Spanish, Italian police smash drug smuggling ring

 Spanish and Italian police made five arrests while busting a drug-trafficking ring that for years smuggled cocaine from South America to Europe, investigators said on Friday. The group arranged for narcotics to be put on merchant ships headed to Europe. Just before the vessels arrived at their destination, the smugglers would dump cocaine packages overboard, Spanish police said in a statement. Members of the gang waiting in inflatable boats...

Spanish, Italian police smash drug smuggling ring

 Spanish and Italian police made five arrests while busting a drug-trafficking ring that for years smuggled cocaine from South America to Europe, investigators said on Friday. The group arranged for narcotics to be put on merchant ships headed to Europe. Just before the vessels arrived at their destination, the smugglers would dump cocaine packages overboard, Spanish police said in a statement. Members of the gang waiting in inflatable boats...

The top ranks of the Government are now coming to the conclusion that the break-up of the euro is inevitable.

  I understand that Hague, like the Chancellor, now believes this will happen soon. Osborne told Cabinet colleagues on Monday that the Merkel-Sarkozy plan for greater fiscal discipline within the eurozone was no solution to the current  crisis. Rather, he said, ‘it was like standing over a man having a heart attack and telling him that to avoid one in future he should do more exercise and cut down on cholesterol’. This view that...

The top ranks of the Government are now coming to the conclusion that the break-up of the euro is inevitable.

  I understand that Hague, like the Chancellor, now believes this will happen soon. Osborne told Cabinet colleagues on Monday that the Merkel-Sarkozy plan for greater fiscal discipline within the eurozone was no solution to the current  crisis. Rather, he said, ‘it was like standing over a man having a heart attack and telling him that to avoid one in future he should do more exercise and cut down on cholesterol’. This view that...

In line with other Costa del Sol towns, Marbella has decided to stop paying for lighting along the A-7

 In line with other Costa del Sol towns, Marbella has decided to stop paying for lighting along the A-7, claiming that national highways should be paid for by the central government. From December 1st, only bills for the electricity needed for the stretch between Puerto Banús and Guadalmina are still being met by the corporation, the explanation being that this road runs through a town, San Pedro, and also that it would be dangerous to leave...

The alleged members of the Dominican-based Trinitarios gang all face charges of racketeering, narcotics conspiracy and gun trafficking

Suspects accused of selling guns and drugs.Authorities collared 38 Bronx and upper Manhattan gangbangers Wednesday after a two-year probe into a notorious crew, officials said.The alleged members of the Dominican-based Trinitarios gang all face charges of racketeering, narcotics...

Glenn Mulcaire, the private eye at the centre of the News of the World phone hacking scandal, has been arrested

 Glenn Mulcaire, the private eye at the centre of the News of the World phone hacking scandal, has been arrested by Scotland Yard detectives pursuing a fresh investigation into phone intercepts, according to a person familiar with the inquiry. Officers working on Operation Weeting – the Metropolitan Police’s second probe into phone hacking at News International, which owned the now-defunct Sunday tabloid – announced on Wednesday that they had...

Spain Makes Banks Pay Double To Deposit Guarantee Fund

 The Spanish government Friday said it has approved a decree that will make banks more than double their contribution to the Spanish deposit guarantee fund, a measure aimed at getting lenders to shoulder a bigger part of the cost of financial sector restructuring. Under the new legislation, banks will have to pay an annual fee of 0.2% of the deposits they hold into the deposit guarantee fund, up from between 0.06% and 0.1% now. Finance Minister...

Spain Makes Banks Pay Double To Deposit Guarantee Fund

 The Spanish government Friday said it has approved a decree that will make banks more than double their contribution to the Spanish deposit guarantee fund, a measure aimed at getting lenders to shoulder a bigger part of the cost of financial sector restructuring. Under the new legislation, banks will have to pay an annual fee of 0.2% of the deposits they hold into the deposit guarantee fund, up from between 0.06% and 0.1% now. Finance Minister...

Hundred million euro plan to expand Marbella port gets go ahead

 109 million euro plan to expand Marbella’s fishing port has finally been given the green light. The long planned transformation of La Bajadilla into one of the most luxurious marinas on the Mediterranean can now take shape after the Junta de Andalucia, Marbella town hall and The Nasir Bin Abdullah & Sons Consortium signed a contract allowing construction to begin. The move comes just weeks after the Andalucian High Court overruled objections...

Hundred million euro plan to expand Marbella port gets go ahead

 109 million euro plan to expand Marbella’s fishing port has finally been given the green light. The long planned transformation of La Bajadilla into one of the most luxurious marinas on the Mediterranean can now take shape after the Junta de Andalucia, Marbella town hall and The Nasir Bin Abdullah & Sons Consortium signed a contract allowing construction to begin. The move comes just weeks after the Andalucian High Court overruled objections...

Marbella has suffered from a scandal that has blighted the town for a decade.

Eighteen thousand homes were built illegally by developers during the boom years up to 2006 and thousands of people bought them in good faith. The Marbella administration has sought to resolve the issue by fining the developers and devising a plan that effectively legalises 17,500...

Marbella has suffered from a scandal that has blighted the town for a decade.

Eighteen thousand homes were built illegally by developers during the boom years up to 2006 and thousands of people bought them in good faith. The Marbella administration has sought to resolve the issue by fining the developers and devising a plan that effectively legalises 17,500...

Wife found Gary Speed's body, inquest hears

 Wales football manager Gary Speed was found hanged at his home by his wife, an inquest was told today. The 42-year-old father-of-two was found dead at his Cheshire home on Sunday morning. Detective Inspector Peter Lawless, of Cheshire Police, told Cheshire coroner Nicholas Rheinberg that Speed's body was found by his wife Louise just before 7am. He said there appeared to be no suspicious circumstances and a post mortem examination found...

TWO families are rejoicing after two men held in a Spanish prison were set free after four-and-a-half months

 Kyle Thain, 24, and James Harris, 29, have been released on bail from Font Calent jail in Alicante.This has left family members and friends overwhelmed – and they haven’t given up hope of getting them back to Britain for Christmas.Kyle’s brother Jay, 29, said: “This is the best I have felt in a long while. It’'s amazing news.”Sharon Harris, 56, Kyle’s mother, and husband Dave, 58, sold their Southend home to help fund the legal fight.Yesterday,...