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Portugal’s economic plans in disarray after PM resignation

Expat tax reform and privatisation of TAP airline on hold as country awaits president’s decision on what comes next

Portugal’s expat tax reform and privatisation plans have been put on hold in the wake of prime minister António Costa’s shock resignation over a sprawling corruption encompassing lithium mines.

The Socialist prime minister, in power since 2015, stepped down after prosecutors issued arrest warrants and raided government buildings in an investigation into possible corruption, malfeasance and influence peddling.

Costa denied wrongdoing but said he could not stay on given the “suspicions about [my] integrity” raised by prosecutors.

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