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
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‘Greedflation’ fears rise as Bank official warns firms against price hikes
Bank of England’s Catherine Mann wary of ‘pricing power’, with companies looking to rebuild profit margins by hiking prices Business live – latest updates Businesses will need to show they are keeping a lid on prices before there can be further interest rate cuts, according to the Bank
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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
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UK mortgage lending at four-year high amid rush to avoid stamp duty rise
Figures show a 290% rise in mortgage borrowing, but approvals for new home purchases fell for the third month A rush to get property purchases over the line before last month’s stamp duty rise pushed UK mortgage lending to a four-year high in March, official data shows. Bank
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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
Read More2025 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
Read MoreBudget 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
Read More2023: 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 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
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