General news - Blue Finessence

UK interest rates fall to 4.25% as Bank of England announces a quarter-point cut

Move follows run of downbeat economic data and looks to cushion UK from Trump’s trade war fallout Explainer: what does it mean for mortgages and savings? Business live – latest updates Bank of England policymakers have cut interest rates by a quarter point to 4.25% to cushion the

Two trade deals and a rate cut in one week … are things looking up for UK plc?

Analysts say the news boosts business confidence, helps an EU trade reset and shows the UK is a good place to invest – but it’s unlikely to turbo-charge GDP You wait three years for a trade deal and then two come along at once. As of Monday, the

Bank of England governor warns Trump tariffs have ‘blown up’ global trade system – as it happened

Rolling coverage of the latest economic and financial news, as MPs quiz the Bank of England about interest rates, and trade wars UK will slump to 1% growth next year as Trump tariffs bite, says OECD US firms say Trump trade war is hitting production as dollar nears

Inflation data shouldn’t deter us from rate cuts, says Bank policymaker

Alan Taylor voted for a 0.5-point cut last month and feels recent economic figures are led by one-off factors Business live – latest updates A member of the Bank of England’s interest rate-setting committee has warned that higher-than-expected inflation and growth figures should not distract policymakers from continuing

UK interest rates more uncertain due to Trump policies, says Bank governor

Andrew Bailey tells MPs pattern of trade deals and lower tariffs ‘blown up’ with serious impacts for global economy Business live – latest updates The Bank of England governor, Andrew Bailey, has told MPs that the future path of interest rates in the UK has become more uncertain

Bank of England governor urges deeper ties with EU to ‘minimise’ Brexit impact

Andrew Bailey says Brexit was not ‘wrong’ but welcomes the UK’s efforts to reset relations with the bloc Andrew Bailey has urged the UK government to deepen ties with the EU, as he warned a breakdown in global trade would make it harder for the Bank of England

New solution for TenneT’s capital requirements

TenneT is making the electricity grid fit for the future. Major investments will be required in the coming years to strengthen and expand the grid. This is necessary to meet growing demand for electricity, including from households and companies that want a new or higher power connection. TenneT

2025 Tax Plan: more balanced income distribution and healthy public finances

Today Folkert Idsinga, State Secretary for Tax Affairs and the Tax Administration, presented the 2025 Tax Plan to the House of Representatives. The package contains a range of measures to contribute to healthy public finances, improved purchasing power and a stronger business climate. It also includes a number

Budget Day 2024: more purchasing power and a return to fiscal discipline

Next year most people will be financially better off. It will pay more to work due to cuts in income tax, and measures on purchasing power will prevent a rise in poverty. The government will also invest heavily in our security, and the budget will absorb the recent

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,

Blog