2023: a better financial outcome, despite turbulent economic times
With the world in flux, 2023 was an economically turbulent year. Inflation was high, interest rates rose and the Netherlands saw virtually no economic growth. The war in Ukraine sent energy prices soaring. The Dutch government took a range of extra measures to prevent a rise in poverty,
Read More
Trump tariffs likely to drag down weak UK growth, Bank policymaker warns
Sarah Breedon says too early to judge impact on inflation of ‘most significant change in trade policy in a century’ Business live – latest updates UK economic growth will be hit by US tariffs, which are the biggest trade policy change in a century, a senior Bank of
Read More
Barclays cuts rates on some mortgages to below 4% amid US tariffs turmoil
Bank is largest UK lender to cut rates in apparent response to turbulence, and experts predict others will follow Business live – latest updates Barclays has become the largest UK lender so far to cut its mortgage rates in apparent response to the financial turmoil sparked by the
Read MoreThe Netherlands to invest €2.5 billion to strengthen business climate for chip industry in Brainport Eindhoven
Found in objects from telephones to solar panels and medical equipment, microchips play a crucial role in everyday life. Dutch businesses and knowledge institutions lead the way in the global chip industry. But in the Brainport Eindhoven region they’re coming up against limits in terms of personnel, space
Read MoreNetherlands and Bangladesh sign new tax treaty in Dhaka
Dutch State Secretary for Tax Affairs Van Rij and Minister Abdul Hassan Mahmood Ali of Bangladesh put their signatures to a new bilateral tax treaty in Dhaka on 12 March. The aim of the treaty is to avoid double taxation and further Dutch and Bangladeshi economic interests. Source
Read More
Bank of England says AI software could create market crisis for profit
Concern grows over programs deployed to act with autonomy that may ‘exploit weaknesses’ Business live – latest updates Increasingly autonomous AI programs could end up manipulating markets and intentionally creating crises in order to boost profits for banks and traders, the Bank of England has warned. Artificial intelligence’s
Read MoreCocaine seizures by Customs see sharp rise in 2023
In 2023, Dutch Customs seized almost 60,000 kg of cocaine. This is a sharp increase compared to 2022, when more than 51,000 kg of cocaine was seized. The largest seizures were in the ports of Rotterdam and Vlissingen. At airports, more than twice as much cocaine was seized
Read MoreAdditional €2 billion to fight poverty
The government will make an additional €2 billion a year available on a structural basis to support vulnerable households. This measure will prevent a rise in the number of people living in poverty and reduce the number of children growing up in poverty. Most of this expenditure will
Read More2024 Tax Plan: essential steps for society and for the tax system
Today Marnix van Rij (State Secretary for Tax Affairs and the Tax Administration) presented the 2024 Tax Plan to the House of Representatives. The package contains essential measures for society and the tax system. These include measures to support purchasing power and fight poverty, to improve and simplify
Read More
Trump tariffs threaten global growth and raise risk of ‘severe shocks’, says Bank of England
Levies have heaped pressure on government finances and increased chance of ‘further sharp correction’, report warns Trump imposes new tariffs on dozens of partners, sparking fresh market turmoil Business live – latest updates Donald Trump’s sweeping tariffs have put global growth at risk, the Bank of England has
Read More