Category: Hike
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Bitcoin Price At Risk Amid Bank Of Japan’s Interest Rate Hike
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While the cryptocurrency market eagerly awaits the inauguration of US President-elect Donald Trump on January 20, another important event in the following week could impact the market’s trajectory. Economists point out that the expected interest rate hike by the Bank of Japan (BOJ) may weaken Bitcoin’s bullish momentum. Will the…
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Japan’s Household Spending Falls, Weighing on BOJ Rate Hike Path
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Breadcrumb links BMN Business Japanese households cut consumption for a fourth month as inflation continues to weigh on their purchasing power, showing economic fragility that is likely to make the Bank of Japan cautious about raising interest rates further. Article writer: Bloomberg News Yoshiaki Nohara Published on January 9, 2025…
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Tesla only EV in Israel to raise prices after tax hike
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The wave of car price hikes began in Israel, after the Knesset approved changes to the car tax at the last minute. After increasing the purchase tax on electric cars from 35% to 45% and reducing the ceiling on tax benefits, car importers publish updated price lists for 2025, which…
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‘no overnight fix’ amid fresh tax hike fears
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Sir Keir Starmer warned on Monday that the prospect of a rapid economic recovery remains elusive, as official figures confirmed the UK economy stagnated in the third quarter. Downing Street stopped short of denying the possibility of a tax increase, raising concerns among businesses that the government’s package of fiscal…
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Landlords defy tax hike as buy-to-let share of market edges higher
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Landlords appear to be ignoring the Government’s latest tax rises, according to new data suggesting buy-to-let investors now account for a larger share of property purchases than before the Chancellor’s latest reforms. The analysis, conducted by the Hamptons real estate agency on transaction data from its parent company, Countrywide, shows…
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Smotrich reduces hike on EV purchase tax
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Finance Minister Bezalel Smotrich has instructed officials to halt the sharp increase in the purchase tax on electric cars, which was scheduled to take effect next month, the Finance Ministry announced today. Instead of raising the tax from 35% to 83%, the tax will now rise to only 45%. The…
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Business lobby groups criticised for failing to block national insurance hike
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Britain’s largest business lobby groups, known collectively as the B5, have faced criticism for failing to prevent a major rise in employers’ National Insurance contributions, announced in Rachel Reeves’ October Budget. The £25 billion increase has sparked widespread business backlash, with some questioning the effectiveness of the Confederation of British…
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Business lobby groups criticised for failing to block national insurance hike
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Britain’s largest business lobby groups, known collectively as the B5, have faced criticism for failing to prevent a major rise in employers’ National Insurance contributions, announced in Rachel Reeves’ October Budget. The £25 billion increase has sparked widespread business backlash, with some questioning the effectiveness of the Confederation of British…
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The Entertainer halts new store plans due to budget’s national insurance hike
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The Entertainer, one of the UK’s largest toy retailers, has abandoned plans to open two new stores following the government’s decision to increase National Insurance (NI) contributions for employers. CEO Andrew Murphy explained that rising costs had also led to a hiring freeze at the company’s head office. The decision…
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M&S warns of possible price hikes as national insurance hike impacts costs
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Marks & Spencer has warned it cannot rule out a price hike after absorbing an extra £120 million in costs resulting from Chancellor Rachel Reeves’ National Insurance changes and upcoming pay rises. Chief executive Stuart Machin said the retailer would “do everything we can” to avoid passing these costs on…
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Record £40bn tax hike set to slow UK economic growth, warns OBR
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Chancellor Rachel Reeves introduced a record £40bn tax rise in her first Budget, which the Office for Budget Responsibility (OBR) warns could stifle economic growth in the long term. According to the Office for Budget Responsibility, the UK economy will expand by just over 1% this year, peaking at 2%…
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£40bn tax hike through NIC and Capital Gains Tax leaves businesses on edge
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In her first Budget, Chancellor Rachel Reeves introduced £40bn in tax rises, largely focused on increasing National Insurance contributions for employers and implementing a temporary repatriation facility for non-resident individuals. According to Nimesh Shah, CEO of Blake Rotenberg, while pre-Budget rumors pointed to sweeping tax changes, the actual announcements were…
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Boeing Proposes 35% Wage Hike in New Bid to End Lengthy Strike
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(Bloomberg) — Boeing Co. and the union representing 33,000 striking workers have reached a new agreement to end a work stoppage that has crippled the company’s aircraft manufacturing for more than a month and squeezed its finances. Most read from Bloomberg The proposal reached overnight in Seattle includes a 35%…
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Boeing Proposes 35% Wage Hike in New Bid to End Lengthy Strike
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(Bloomberg) — Boeing Co. and the union representing 33,000 striking workers have reached a new agreement to end a work stoppage that has crippled the company’s aircraft manufacturing for more than a month and squeezed its finances. Most read from Bloomberg The proposal reached overnight in Seattle includes a 35%…
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Boeing Proposes 35% Wage Hike in New Bid to End Lengthy Strike
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(Bloomberg) — Boeing Co. and the union representing 33,000 striking workers have reached a new agreement to end a work stoppage that has crippled the company’s aircraft manufacturing for more than a month and squeezed its finances. Most read from Bloomberg The proposal reached overnight in Seattle includes a 35%…
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Boeing Proposes 35% Wage Hike in New Bid to End Lengthy Strike
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(Bloomberg) — Boeing Co. and the union representing 33,000 striking workers have reached a new agreement to end a work stoppage that has crippled the company’s aircraft manufacturing for more than a month and squeezed its finances. Most read from Bloomberg The proposal reached overnight in Seattle includes a 35%…
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Boeing strike: union reaches new deal on wage hike, 401k
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Boeing and the union representing 33,000 striking workers have reached a new agreement to end a work stoppage that has paralyzed the company’s aircraft manufacturing business for more than a month and strained its finances. The proposal reached overnight in Seattle includes a 35% pay increase spread over four years,…
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Boeing strike: union reaches new deal on wage hike, 401k
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Boeing and the union representing 33,000 striking workers have reached a new agreement to end a work stoppage that has paralyzed the company’s aircraft manufacturing business for more than a month and strained its finances. The proposal reached overnight in Seattle includes a 35% pay increase spread over four years,…
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Lobby group urges Rachel Reeves to rethink non-dom tax hike to prevent exodus of wealthy residents
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Chancellor Rachel Reeves is facing pressure from lobbyists representing 74,000 non-UK residents to scale back planned tax changes, ahead of her next Budget. The newly formed group, called Foreign Investors for Britain, is due to meet government officials this week to urge a reconsideration of Reeves’ proposed overhaul of the…
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Rachel Reeves faces £25bn tax hike to avoid austerity, says IFS
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Rachel Reeves, the Chancellor of the Exchequer, is expected to introduce a £25bn tax rise in this month’s budget to avoid plunging Britain back into austerity, according to the Institute for Fiscal Studies (IFS). The Financial Services Institute has warned that tax rises would need to be double those introduced…