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Van Dijkhuizen Committee: lower tax rates with a very long first bracket, fewer tax deductibles and simpler benefits will lead to more jobs

The Van Dijkhuizen Committee advises the government to opt for an improved tax system with lower rates and a very long first bracket, fewer deductible items and simpler benefits. According to the CPB Netherlands Economic Bureau for Economic Policy Analysis, these structural reforms will lead in the long

Government wishes to sell shares in URENCO

The Dutch government wishes to sell its interest in URENCO, which provides uranium enrichment services for nuclear power producers. The Cabinet has agreed to this intention. The sale of the Dutch shares in URENCO can only take place, when the public interest in terms of non-proliferation, nuclear safety

Dutch minister of Finance makes offer for compensation due to the nationalisation of SNS REAAL

The Dutch minister of Finance makes an offer for compensation due to the expropriation of shares and subordinated debt of SNS REAAL and SNS Bank. The offer amounts to €0,- for both the expropriated shares as well as the subordinated debt. Source

State of the Netherlands nationalises SNS REAAL

The Minister of Finance, in close consultation with De Nederlandsche Bank (DNB), has nationalised SNS Reaal. Savings deposits of clients are secure and the service provision of SNS REAAL has been safeguarded. The intervention has averted grave threats to financial stability and the economy. Source

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

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

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

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

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

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

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