UK government borrowing costs have reached their highest levels in years, driven by rising bond yields and economic uncertainty. The implications for citizens include potential spending cuts by the government, increased tax burdens, and volatility in the mortgage market. With…
UK borrowing costs are at their highest in years due to rising bond yields, affected by global economic uncertainties and domestic inflation. The government’s increased borrowing expenses may lead to spending cuts and tax increases, impacting public services and personal…
The global economy is bracing for a year of modest growth in 2025, shaped by inflationary pressures and the threat of new tariffs under Donald Trump’s potential policies. With an International Monetary Fund growth forecast of 3.2%, rising tariffs could…
François Villeroy de Galhau, Governor of the Bank of France, reported a decline in mortgage interest rates, dropping below 3.4% in November 2024 from 4% in January. This reduction results from decreasing inflation, which he expects to stabilize around 1.5%…
The DAX faces downward pressure following a strong rally, as recent robust US economic data stirs inflation fears among investors, prompting potential profit-taking. The index is down 0.1% at 20,317 points, approaching its record high of 20,522 points. Meanwhile, Asian…
In 2024, the prices in Switzerland increased by 1.1 percent compared to the previous year, as reported by the Federal Statistical Office. SRF economic editor Nora Meuli explains the implications of this inflation rate. The rise reflects broader cost pressures…
In his first address after being officially elected as President of the United States, Donald Trump announced significant economic changes starting January 20. He highlighted the current high levels of inflation, stating that the U.S. economy would ‘take off like…
Despite hopes for a return to normal inflation rates in 2024, the Netherlands is grappling with an inflation rate of 4.1 percent, significantly higher than the eurozone average of 2.4 percent. Contributing factors include increased rents, higher taxes on certain…
The real estate market in France is showing signs of recovery, with a 20% increase in transactions at the end of 2024, as reported by Century 21. Factors like declining inflation, reduced home prices, and lower borrowing rates have contributed…
Consumer prices in France increased by 1.3% in December year-on-year, unchanged from November, according to the National Institute of Statistics and Economic Studies (Insee). While energy prices experienced a slight rebound, this was offset by falling prices for manufactured goods…
Next, the High Street retailer, has announced an impending 1% price increase to address a £73 million rise in staff wages and taxes. This decision comes in response to higher National Insurance payments and an increase in the National Living…
During an interview on ERTNews, journalist Thodoros Vgenis outlined the Greek government’s key policies targeting tax evasion, increasing investments, and enhancing incomes. Goals include raising annual revenue from tax enforcement to €2.5 billion by 2027 and aiming for a reduction…
