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Bank ‘should cut UK interest rates to at least 4% in May amid tariff turmoil’

Ex-Bank of England deputy governor Charlie Bean says cut of 0.5 points needed because of ‘crazy situation’ in US The Bank of England should use its meeting next month to cut interest rates by at least half a percentage point to 4% in response to the financial turmoil

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,

UK savers could have up to £110,000 protected under regulator’s new plan

Rise from current limit of £85,000 would be first big change to protection scheme since 2008 banking crisis Business live – latest updates UK savers would have up to £110,000 of their deposits protected if their bank or building society goes bust under proposals put forward by the

The 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

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

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

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

Cocaine 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

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.

Additional €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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