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Half of Britain’s new businesses shut within five years

highstreetMore than half of all new businesses started in Britain fail to last beyond five years.

Survival rates are lower than before the banking crisis, research by commercial insurer RSA found.

Algarve lifeguards fined in summer beach clampdown

albufeirabeachIllegal trading and the parking vehicles in the sand dunes were the main offences registered on the Algarve’s beaches this summer.

The regional commander of the Southern Marine Police, Paulo Isabel, reported that by the end of September there had been 144 violations ranging from people selling food, jewelry or clothing without a license which attracts fines of between €25 and €500, to dogs being in the wrong place at the wrong time.

Faro’s street animals to be sterilised

catFaro council and the Associação Animais de Rua (Association of Street Animals) have established an agreement that kicks off a campaign for the registration, vaccination and sterilisation of the stray and wandering animal population, focusing on those around Faro beach.

This is the second phase of the sterilisation project that studies and treats stray animals in the Faro area and which is due to run until November 1.

Britain evolves into a nation of renters

councilhousesOut of all Britain’s housing stock, one in five houses is now a buy-to-let property.

Two million private landlords own and rent out five million properties.

Warning of fake Finanças email

financaslogoThe Tax and Customs Authority said today that a fake, or 'Phishing' email is doing the rounds enticing recipients to click on a link which will download and install malicious software.

The email should be deleted by anyone receiving any communication that asks taxpayers to click to find out more or to access any files - they do not exist.

Financial Times hints at debt pardon for Portugal

ftIn an interview today with Económico, Chris Giles, the economics editor of the Financial Times commented that a restructuring of debt for Portugal seems inevitable given the high indebtedness of the country.

Giles said that the restructuring is not needed immediately but that the high level of debt of Portugal means that sooner or later deals will have to be done with the country's lenders.

Embassy warns benefit cheats

fraudThe British Embassy in Lisbon has warned that expats who make fraudulent benefit claims will be found and prosecuted.

 “The daughter of a deceased benefit claimant, who was living in Portugal, has been sentenced to 12 months in prison in the UK after falsely claiming over £73,500 in benefits.

Lonely Planet puts Portugal in top ten for quality and price

alqueivaPortugal is once again among the top worldwide destinations recommended by Lonely planet for having an impressive quality:price ratio.

The latest edition of the iconic travel guide puts Portugal among the top 10 sites to visit in 2015 without trashing the budget.