Category: Hike
-
Rachel Reeves faces £25bn tax hike to avoid austerity, says IFS
•
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…
-
Bank of Japan rate hike plans “face political curve ball”
•
We’ve followed the political machinations in Japan as they work to fend off the Bank of Japan’s interest rate hike plans. Reuters published this article late last week, ICYMI, and I updated it today. Worth reading for a summary of Japan’s interest rate hike policy: Bank of Japan Governor Kazuo…
-
Bank of Japan rate hike plans “face political curve ball”
•
We’ve followed the political machinations in Japan as they work to fend off the Bank of Japan’s interest rate hike plans. Reuters published this article late last week, ICYMI, and I updated it today. Worth reading for a summary of Japan’s interest rate hike policy: Bank of Japan Governor Kazuo…
-
Japan’s business mood steady in July-Sept, keeps BOJ rate hike chance alive By Reuters
•
Written by Makiko Yamazaki and Laika Kihara TOKYO (Reuters) – Japanese business sentiment stabilized in the three months through September, a closely watched survey showed, a sign that the economy remains on track toward a moderate recovery that leaves room for the central bank to raise interest rates further. But…
-
Japan PM hopeful Ishiba sees ‘room’ for corporate tax hike, Kyodo reports By Reuters
•
TOKYO (Reuters) – There is “room for raising” corporate taxes, former Japanese defence minister Shigeru Ishiba, a leading candidate in the ruling party leadership race, was quoted as saying late on Saturday by Kyodo News. “There are still companies that can bear the tax burden. I would like them to…
-
Russia discussing hefty hike in ‘exit tax’ for foreign firms, RBC reports By Reuters
•
MOSCOW (Reuters) – Russian authorities are discussing increasing the one-time contribution foreign companies leaving the country must make to the state budget to 40 percent from 15 percent, the RBC daily reported on Friday, citing four sources. Russia has steadily tightened exit requirements for foreign companies since Western sanctions were…
-
Room to hike Kors prices seen in Tapestry-Capri merger, executive testifies By Reuters
•
Written by Siddharth Kavali NEW YORK (Reuters) – Fashion retailer Tapestry Holdings Inc has room to raise prices and cut discounts on rival Capri’s Michael Kors brand if the two companies merge, a top executive at the company said on Tuesday, as regulators seek to block the $8.5 billion deal.…
-
Boeing reaches labor deal with 25% pay hike, new plane commitment By Reuters
•
By Alison Lambert and David Shepardson Boeing Co said Sunday it has reached a tentative agreement with a union representing more than 32,000 workers in the U.S. Pacific Northwest, in a deal that could help avert a potential strike that could begin on Sept. 13. The proposed four-year deal, which…
-
Four million pensioners face council tax hike as single-person discount under threat
•
Millions of pensioners living alone could face higher council tax bills if Housing Minister Angela Rayner scraps the 25% single occupant discount, potentially exacerbating financial pressures as they also face losing winter fuel payments. The analysis reveals that around half of the 8.4 million people affected by the potential abolition…
-
Landlords rush to sell amid fears of capital gains tax hike
•
The proportion of rental properties entering the sale market has reached a record high, driven by landlords’ concerns about a potential rise in capital gains tax in the upcoming Budget, according to property website Rightmove. Currently, 18% of properties previously listed for sale have been rented, compared with just 8%…
-
Treasury mulls plan to hike VAT to 18.5%
•
The government has already agreed to raise VAT to 18% from January 1, 2025 as part of a special budget passed after the war began. Israel’s Finance Ministry is considering a plan to raise VAT to 18.5% from its current 17%, if necessary, a source familiar with the matter told…
-
Treasury mulls plan to hike VAT to 18.5%
•
The government has already agreed to raise VAT to 18% from January 1, 2025 as part of a special budget passed after the war began. Israel’s Finance Ministry is considering a plan to raise VAT to 18.5% from its current 17%, if necessary, a source familiar with the matter told…
-
BOJ maintains rate hike outlook despite yen surge — MUFG
•
USDJPY Daily Mitsubishi UFJ Financial Group highlights that the Bank of Japan continues to signal a potential rate hike despite the recent strength of the yen, as higher yields are expected to limit appetite for selling the yen. Key points: Bank of Japan’s position: The Bank of Japan did not…
-
BOJ maintains rate hike outlook despite yen surge — MUFG
•
USDJPY Daily Mitsubishi UFJ Financial Group highlights that the Bank of Japan continues to signal a potential rate hike despite the recent strength of the yen, as higher yields are expected to limit appetite for selling the yen. Key points: Bank of Japan’s position: The Bank of Japan did not…
-
Dollar edges higher,yen falls after BOJ rules out another rate hike, for now By Investing.com
•
Investing.com – The U.S. dollar rose slightly on Wednesday, while the Japanese yen fell after the Bank of Japan tried to calm troubled waters by signaling it would not raise interest rates again while markets remain volatile. At 04:25 ET (09:25 GMT), the dollar index, which tracks the greenback against…
-
Dollar slips ahead of Fed decision; yen soars after BOJ hike By Investing.com
•
Investing.com – The U.S. dollar fell on Wednesday ahead of the conclusion of the Federal Reserve’s latest interest rate-setting meeting, while the Japanese yen rose after the Bank of Japan tightened monetary policy. At 05:20 ET (09:20 GMT), the dollar index, which tracks the greenback against a basket of six…
-
Cooler Core Inflation In Australia Reduced RBA Rate Hike Odds
•
Australian Bureau of Statistics data showed that inflation in Australia maintained its quarterly growth of 1.0% in the second quarter of 2024, which was driven by price increases in food, clothing, alcohol and tobacco products. On an annual basis, the pace of price increases accelerated from 3.6% to 3.8% in…
-
Here’s a forecast for a 25bp RBA rate hike next week – citing inflation not falling
•
ING Bank’s response to today’s inflation data from Australia: If you want a reason to keep rates unchanged at the August 6 meeting, today’s core numbers somewhat support the “let’s give the economy the benefit of the doubt” argument. The decision taken in August is certainly more balanced today than…
-
“Bank of Japan to outline bond taper plan, debate rate hike timing”
•
Reuters Post a piece with a good explanation if you want another preview. previously: Bank of America expects BoJ rate hike today… see USD/JPY (finally) at 145 Bank of Japan Decision Day: Will Interest Rates Rise or Stay Steady? There was a leak overnight: Bank of Japan Discusses Raising Interest…