Netherlands 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
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Late data from one business means UK wage growth may need to be revised, says ONS
Caveat from statistics agency is latest sign of its problems collecting reliable economic data Britain’s main measure of wage growth may need to be revised after a large employer failed to supply earnings data on time, the country’s troubled statistics agency has warned. In the latest sign of
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
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UK inflation falls to 2.8% in boost for Rachel Reeves before spring statement
Bigger-than-forecast decline in annual rate in February is positive news for chancellor in run-up to Commons address UK inflation has fallen back to 2.8%, giving Rachel Reeves some positive news before she makes her spring statement. The Office for National Statistics said annual inflation as measured by the
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
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The Guardian view on Rachel Reeves’s spending cuts: a choice, not an economic necessity | Editorial
The spring statement casts austerity as unavoidable, but Labour is clinging to economic myths while ignoring the tools of power The chancellor’s spring statement arrives with the sombre tone of inevitability. Britain, we’re told, must tighten its belt. Welfare payments for the sick and disabled will be shrunk.
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Labour’s economic strategy is outdated. I can fix that | Jagjit Chadha
The last thing we need from Wednesday’s spring statement are incremental changes to tax and spending. Let’s have a clear plan Jagjit Chadha is professor of economics at Cambridge University and a former academic adviser to HM Treasury, the Bank of England and the Treasury select committee Britain
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Bank of England in no hurry on interest rates – but cuts will come
Despite the decision to hold at 4.5%, businesses and households can take a confident view of the UK’s prospects Bank of England says companies freezing hiring plans as it keeps interest rates on hold Bank of England policymakers might be on a “go-slow” as they look forward to
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
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Netherlands earmarks €2.5 billion for support to Ukraine in 2023
In 2023 the Netherlands will make €2.5 billion available to support Ukraine. The government expects that this amount will be necessary to provide military aid, support essential repair and reconstruction activities and contribute financially to efforts to combat impunity. The Dutch Cabinet approved the proposal by ministers Liesje
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