What a falling inflation rate means for your finances

Falling inflation and rising wages ease cost of living pressures for some, (...)

Interest rates expected to be held after small economic growth

Higher borrowing costs are weighing on the UK, say analysts, after the economy (...)

John Lewis joins M&S and Tesco in cutting price of period pants

The price of the garments will fall by the current rate of VAT at John Lewis (...)

UK faces ‘heightened recession risks’ as interest rates bite

The UK economy is set to shrink between July and September and risks a downturn, (...)

Italian banks hit with surprise windfall tax

The potential one-off tax on the profits banks earn from higher interest rates (...)

US jobs market holds steady despite rate rises

Employers added 187,000 jobs in July raising hopes that the economy will avoid (...)

Travel recovery to boost global economy, says IMF

World economy expected to grow 3% this year but inflation and interest rates (...)

UK inflation and interest rates high - how do other economies compare?

UK inflation and interest rates are high but if you include growth, jobs and (...)

US economy stronger than reported at start of 2023

The new data could bolster the case for higher interest rates.

Kwasi Kwarteng U-turns on plans to scrap 45p tax rate

Kwasi Kwarteng says the proposal was "drowning out a strong package" to boost (...)

Keir Starmer: Labour would reverse cut to top income tax rate

Scrapping the 45% rate is the "wrong choice" during a cost-of living crisis, (...)

Labour conference: Rachel Reeves pledges to spend top rate tax on more nurses

The shadow chancellor says Labour is now the party of economic responsibility (...)

Income tax to be cut by 1p from April

The basic rate of income tax will fall by 1p from April with most people paying (...)

House price growth at 10% a year despite squeeze on finances

Rising mortgage rates mean price growth is likely to ease, according to the (...)

US economy shrinks again sparking recession fears

The US economy contracted at an annual rate of 0.9% in the three months to (...)

US economy shrinks again sparking recession fears

The US economy contracted at an annual rate of 0.9% in the three months to (...)

Two million more people paying higher rate tax

The number of workers in higher income tax bands has risen by almost two million (...)

Global inflation: Five ways US rate rise will affect you

The impact of higher interest rates in the US will cascade through the global (...)

China cuts interest rates as economic growth slows

Compared to a year earlier, the economy grew 4% in the last three months of (...)

Interest rates: What are they and why do they matter?

The Bank Rate is one of the main tools used to keep the economy growing steadily. (...)

How the interest rate rise affects you

Few people face an immediate impact on their finances, but the rising Bank (...)

Interest rates rise for first time in three years

Policymakers increase rates from their historic low despite fears that Omicron (...)

What an interest rate rise would mean for your finances

Few people face an immediate impact on their finances, but a rising Bank rate (...)

G20: World leaders agree to historic corporate tax deal

Leaders at the G20 in Rome endorse a proposal that sets a minimum tax rate (...)

Budget 2021: Price rises could hit highest rate in 30 years, says forecaster

The economy is set to return to pre-Covid levels at the end of the year, but (...)

Nations agree to 15% minimum corporate tax rate

The historic deal is designed to make big corporations pay a fairer share (...)

South Korea becomes first major Asian economy to raise interest rates

The move comes as central banks around the world prepare to exit emergency (...)

US economy adds more jobs than expected in July

US employers added 943,000 jobs in July, while the unemployment rate fell (...)

G20 finance ministers back deal to tax companies

The plan aims to make companies pay their "fair share" by setting a minimum (...)

Global tax overhaul backed by 130 countries

The OECD, which led the talks, announces that many have backed plans for a (...)

Small businesses urgently call for more Covid support

Payments on VAT and loans kick in from next week but many companies cannot (...)

Inaccurate gas and electricity bills criticised

The problem puts an extra strain on finances already affected by the pandemic, (...)

UK economy set to grow at fastest rate in more than 70 years

Economy expected to grow by 7.25% in 2021 as lockdown restrictions are eased, (...)

US economy accelerates as recovery continues

The economy grew strongly in the first quarter of 2021 helped by heavy government (...)

Consumption Tax Trends: Key findings for Portugal

The Portuguese standard VAT rate is 23.0%, which is above the OECD average. (...)

House prices up 8.5% in 2020 amid tax holiday

Prices climbed at their fastest annual rate since October 2014, official figures (...)

Amazon criticised in paying lower rates than shops

Amazon has been accused of paying less business rates tax than British bricks (...)

Covid: Labour attacks Sunak over strategy to help economy

The shadow chancellor claims her Tory counterpart has called the crisis wrong (...)

Capital gains tax: Rate should double, says government review

The chancellor commissioned the report in July as part of efforts to cover (...)

Rising virus rates threaten economy, warns Bank

Bank of England says a no-deal Brexit is another risk as it keeps interest (...)

Coronavirus: US economy sees sharpest contraction in decades

The impact of the pandemic meant the annual rate of growth in the second quarter (...)

WRAPUP 2-U.S. homebuilding rises moderately; jump in permits hints at green shoots

U.S. homebuilding increased less than expected in May, but a strong rebound (...)

UPDATE 1-Bank of Israel leaves rates unchanged, sees less economic damage in 2020

The Bank of Israel left its benchmark interest rate at 0.1% on Monday, saying economic (...)

Could you have to pay your bank to save money?

As countries take extreme measures keep the economy afloat, could we see negative (...)

Russian central bank chief sees no need for negative real interest rates

Russian central bank governor Elvira Nabiullina said on Friday the board (...)

UPDATE 2-Fed debates longer-term crisis-fighting plan, minutes show

Federal Reserve policymakers, still working to fully roll out a multi-trillion-dollar (...)

UPDATE 1-Bank of England not ruling out negative rates in future: Tenreyro

Bank of England official Silvana Tenreyro on Monday talked up the benefits (...)

UPDATE 3-Britain heading for sub-zero rates club, money markets bet

Money markets ramped up expectations that the United Kingdom could cut interest (...)

UPDATE 1-Bank of England, facing COVID slump, revives negative rates talk

A chorus of comments from top officials at the Bank of England about negative (...)

Bank of England not ruling out negative rates in future - Tenreyro

Bank of England official Silvana Tenreyro on Monday talked up the benefits (...)

Bank of England, facing COVID slump, revives negative rates talk

A chorus of comments from top officials at the Bank of England about negative (...)

Britain heading for sub-zero rates club, money markets bet

Money markets ramped up expectations that the United Kingdom could cut interest (...)

Coronavirus hits UK households hard again in May - survey

The financial health of British households has deteriorated sharply this month, (...)

Money markets raise bets that British interest rates will drop below zero

Money markets ramped up expectations of negative interest rates in the United (...)

Coronavirus: Pandemic sends US jobless rate to 14.7%

US unemployment rises to its highest level since the 1930s as coronavirus (...)

Coronavirus: Eurozone economy shrinks at record rate

Single currency nations see a sharp fall in GDP during the first quarter of (...)

UPDATE 1-China cuts TMLF interest rate by 20 basis points in latest economy support step

* More targeted easing measures are expected -analyst (Adds analyst comments, (...)

China stocks end higher as key rate cut again

China stocks ended higher on Monday as a key Chinese lending rate was cut (...)

China cuts benchmark rate for second time this year, as widely expected

China cut its benchmark lending rate as expected on Monday to reduce borrowing (...)

UAE central bank urges commercial lenders to use stimulus scheme

The United Arab Emirates central bank on Sunday urged commercial lenders to (...)

UPDATE 1-EY whistleblower awarded $11 million after suppression of gold audit

A British court awarded $11 million in damages and expenses on Friday to a (...)

UPDATE 1-Russian cenbank to consider rate cut as economy set to contract

The Russian central bank will consider an interest rate cut among other options (...)

SE Asia Stocks-Thailand posts best week since 2015 on oil surge; Singapore down

Singaporean markets slumped on Friday after the city-state shutdown most businesses (...)

Coronavirus: UK interest rates slashed again in emergency move

The Bank bumps up its measures to support the UK in its efforts to support (...)

UPDATE 2-Jordan cuts main rates by 100 basis points to soften coronavirus blow

The Central Bank of Jordan said it cut its main interest rates by 100 basis (...)

UPDATE 2-Turkey mulls tax relief to blunt coronavirus pain -sources

* Fed easing opens door to sharper Turkish rate cut (Adds options cited by (...)

Factbox: Britain starts new funding scheme to shield businesses from coronavirus

The Bank of England unexpectedly cut interest rates by half a percent on Wednesday (...)

UK fires double stimulus salvo to soften coronavirus hit

Britain unveiled a 30 billion-pound stimulus plan on Wednesday to help the (...)

Budget 2020: Pledges on tampon tax and the future of cash

The 5% VAT rate will go in January, and the chancellor will also protect the (...)

RPT-COLUMN-Oil traders price in coronavirus-driven recession: Kemp

Oil traders and other financial investors are anticipating a severe slowdown (...)

RBS profits beat expectations, to rebrand as NatWest

Royal Bank of Scotland reported a better than expected pre-tax profit of 4.2 (...)

Sterling jumps as BoE keeps interest rates on hold

Sterling strengthened as the Bank of England kept interest rates on hold on (...)

Bank of England policymaker hints at possible rate cut

Gertjan Vlieghe would consider lowering rates depending on the strength of (...)

Bank of England policy-maker hints at possible rate cut

Gertjan Vlieghe would consider lowering rates depending on the strength of (...)

ECB rate rise in 2021? Markets starting to think about it

Money markets are starting to price higher interest rates for the euro zone (...)

GRAPHIC-ECB rate rise in 2021? Markets starting to think about it

Money markets are starting to price higher interest rates for the euro zone (...)

UPDATE 2-PIMCO says signs point to stronger global economy in 2020

Recession risks have diminished in recent months, and the current window of (...)

Taxing Energy Use: Key findings for Portugal

This country note explains how Portugal taxes energy use. The note shows the (...)

Exchange rates: Why has the value of the pound jumped?

A simple guide to how currency is valued and what it means for your finances. (...)

German bank regulator tells banks cutting fat is not enough, magazine reports

The head of German financial regulator BaFin called on banks to restructure (...)

Uber launches job app for gig economy workers

Starting in Chicago, Uber Works will allow casual workers to compare pay rates (...)

Australian shares to open flat ahead of RBA decision; NZ little changed

Australian shares are expected to open little changed on Tuesday as investors (...)

U.S. cenbank should target repo rate to reduce market volatility - ex-Fed officials

Recent money market volatility shows the Federal Reserve needs to retool how (...)

UPDATE 1-Philippine c.bank steps up bid to lift growth, cuts rates a 3rd time

The Philippine central bank cut its benchmark interest rate for a third time (...)

Bank of England forecasts low interest rates for longer

Policymakers say the UK will avoid recession this year, but Brexit is still (...)

Column: Hedge funds sell oil as global economy deteriorates

Hedge funds are becoming more pessimistic about the outlook for oil prices (...)

Exchange rates: Why is the pound getting weaker?

A simple guide to how currency is valued and what it means for your finances (...)

Eurozone prepares for interest rate cut as growth slows

The outlook for the eurozone economy is getting "worse and worse", says the (...)

BoE could need to cut rates if Brexit uncertainty persists - Vlieghe

The Bank of England could potentially need to cut interest rates to boost (...)

Sri Lanka stocks close little changed in thin trade; rupee edges up

Sri Lankan shares ended almost flat in dull trade on Thursday, but posted (...)

More than one BoE rate rise likely over next three years - Carney

The Bank of England is likely to carry out further interest rate increases (...)

Graphic: Whatever it takes, Part 2? - Five questions for the ECB

Just a month after the European Central Bank halted plans to normalise policy (...)

Bank of England sees weakest UK outlook since 2009 on Brexit, global slowdown

The Bank of England said Britain faces its weakest economic growth in a decade (...)

Portugal can use its economic recovery to build up resilience

Portugal’s economic recovery is now well established, with GDP back to pre-crisis (...)

BPIFrance bank sees strong corporate credit demand

French state-owned bank BPIFrance said corporate credit demand was strong (...)

COLUMN-Risks for world economy, markets if U.S. yields hold above 3 pct: McGeever

The outlook for U.S. interest rates has shifted, as investors bet that recent (...)

Taxation of household savings: Key findings for Portugal

This note presents marginal effective tax rates (METRs) that summarise the (...)

European shares edges up as earnings flurry quells Fed angst

European shares opened slightly higher on Thursday as a flurry of corporate (...)

Goldman Sachs announces a change in strategy

IT IS not easy to feel pity for Goldman Sachs. Its alumni lord it in pivotal (...)

A legal vulnerability at the heart of China’s big internet firms

COMPANIES’ legal structures are usually mind-numbing fare. But occasionally (...)

Canadian small business lending rises in July as economy grows

OTTAWA, Sept 13 (Reuters) - Lending to Canadian small businesses climbed to (...)

Exchange-rate shifts have helped the global economy

STICKLERS for value have plenty of reasons to frown at financial markets. (...)

Governments need to rethink their attitudes to debt

GOVERNMENTS do not always make the best budget managers. Assuming it avoids (...)

Canada business investment picks up, but future uncertain

OTTAWA, Aug 31 (Reuters) - A rebound in Canadian business investment may signal (...)

On NAFTA, Donald Trump’s most dangerous opponents are at home

EVER game for a fight, President Donald Trump is picking one again with Canada (...)

Does ageing explain America’s disappointing wage growth?

WHEN America’s unemployment was last as low as it has been recently, in (...)

Samsung’s boss is sentenced to prison

SAMSUNG’S founding family, the Lees, have good reason to dislike room 417 (...)

COLUMN-US monopoly power and the stock market boom: James Saft

Aug 22 (Reuters) - Monopoly pricing power may be keeping U.S. corporate earnings (...)

Sri Lankan shares end weaker in thin trade; tax proposal weighs

COLOMBO, Aug 21 (Reuters) - Sri Lankan shares ended weaker on Monday, lingering (...)

China modernises its monetary policy

QIN SHIHUANG was the emperor who first unified China, through bloody conquest (...)

A firm that shares a name with its founder earns higher profits

A GOOD business name can be pricey. An entrepreneur looking for the perfect (...)

UPDATE 1-With Congo finances collapsing, desperate government has few options

* Lack of work drives some to crime (Adds additional VTB comment)

U.S. tax change proposals anger builders, realtors, charities

WASHINGTON, Aug 14 (Reuters) - With U.S. Congress members focused during their (...)

Australia shares rebound as banks rally; NZ climbs

Aug 14 (Reuters) - Australian shares recovered on Monday, with financials (...)

Research points to a new explanation of “Dutch disease”

IN 1959 geologists discovered 2.8trn cubic metres of natural gas—the largest (...)

US economy creates 209,000 jobs in July

Hiring by restaurants and bars helped the US economy generate strong jobs (...)

Broadbent stresses rates message as Bank of England tries again

LONDON (Reuters) - A Bank of England policymaker sought on Friday to drive (...)

The hubris of ten-year budgets

IN February of 2001, Alan Greenspan, then still the chairman of the Federal (...)

How crisis-hit economies become investment darlings

NAWAZ SHARIF is the ex-prime minister of Pakistan again. His third stint in (...)

Why national accounts might be like corporate balance-sheets

THE easiest way to get an economist to laugh sardonically is to compare a (...)

Brexit-wary Bank of England leaves rates on hold, cuts growth forecast

LONDON (Reuters) - The Bank of England kept interest rates at a record low (...)

Bank of England leaves rates on hold, cuts growth forecast, still hints at 2018 rise

LONDON (Reuters) - The Bank of England kept interest rates at a record low (...)

US second-quarter growth accelerates to 2.6%

Higher consumer spending and business investment helped to boost the US economy. (...)

America’s uncompetitive markets harm its economy

“THE best of all monopoly profits is a quiet life,” wrote Sir John Hicks, (...)

INSIGHT-Norwegian Air under pressure to boost finances

OSLO/LONDON, July 25 (Reuters) - Norwegian Air, the fast-growing budget airline (...)

Turkey working on corporate tax cuts in strategic sectors - minister

ANKARA, July 24 (Reuters) - Turkey is working on corporate tax cuts in some (...)

N Korea economy grows at fastest rate in 17 years

The mining and energy sectors helped push the growth rate to 3.9% - its strongest (...)

UPDATE 3-After healthcare failure, Republicans face similar divisions on tax reform

WASHINGTON, July 18 (Reuters) - Republicans in Congress unveiled a fiscal (...)

Carillion picks accountants EY to help with strategic review

July 17 (Reuters) - Carillion has appointed accounting firm EY to support (...)

UPDATE 1-Carillion picks accountants EY to help with strategic review

July 17 (Reuters) - Carillion has appointed accounting firm EY to support (...)

New Senate healthcare plan keeps Obamacare-era taxes on wealthy -Senate source

WASHINGTON, July 13 (Reuters) - The revised U.S. Senate healthcare plan will (...)

SE Asia Stocks-Most up on cautious Fed; Philippines gives up gains

By Chris Thomas July 13 (Reuters) - Most Southeast Asian stock markets (...)

Indian campaigners protest over sanitary pad and tampon tax

Campaigners in India are going to court over a tax on sanitary pads and tampons, (...)

UK economic data weakens, casting doubt on BoE rate hike talk

LONDON (Reuters) - Output by British factories unexpectedly fell in May, suggesting (...)

The EU proposes pan-European pension products

THE story of the European Union is in part that of the steady accretion of (...)

US growth rate revised higher

The US economy grew at a faster pace than previously thought in the first (...)

Carney in driving seat in Bank of England rate tussle

LONDON (Reuters) - The Bank of England tightened its controls on lending on (...)

The Federal Reserve risks truncating a recovery with room to run

WHEN it comes to inflation, the Federal Reserve sometimes resembles a child (...)

Mark Carney says time not right for interest rate rise

Wage growth is falling and the impact of Brexit on the economy is unclear, (...)

Getting the most out of business taxes

ONE of the hottest debates in economic policy at the moment is how to ensure (...)

Tanzania’s firebrand leader takes on its largest gold miner

“IF THEY accept that they stole from us and seek forgiveness in front of (...)

Corporate Europe is giddy with optimism

IT IS remarkable what a difference a single election can make. “The way (...)

Toshiba facing fresh demand for damages

Investors in the Japanese conglomerate seek a total of $1bn in compensation (...)

President Trump wants to privatise air-traffic control

IN JUNE 1956 a TWA Constellation collided with a United Air Lines DC-7 over (...)

Why government-bond yields have been falling again

EVERY year it seems that analysts and investors play a ritual game. They begin (...)

In Donald Trump’s America, the left rethinks its economics

DEMOCRATS thought they knew the boundaries of acceptable economic discourse. (...)

Taiwan’s economy has defied the pessimists

Tsai takes the flakTAIWAN’S president, Tsai Ing-wen, has had a tough first (...)

Global monetary policy is not tightening as expected

AT ITS outset, 2017 seemed likely to mark a turning-point for global monetary (...)

Sweden’s economy is thriving, so why is monetary policy so loose?

ON A recent balmy day, people thronged the parks and promenades of central (...)

The super-rich are different: they pay less tax

OF LIFE’s two certainties, death cannot be dodged even by the well-to-do. (...)

Highest rate taxpayers at record level

An estimated 364,000 people, 1.2% of taxpayers, are in the 45p tax bracket (...)

Signals mixed on US economy

US inflation grew modestly in April, but remained lower than a key target (...)

US growth rate revised up to 1.2%

The US economy grew at a faster pace than initially thought in the first three (...)

Noble Group, a big Asian commodities trader, is teetering

THE difficulties facing Noble Group, a beleaguered Hong Kong commodities trader, (...)

What the German economic model can teach Emmanuel Macron

IT IS heartening that the euro area has a knack for surviving near-fatal crises. (...)

RPT-With new sheriff in town, S.Korea big businesses duck for cover

SEOUL, May 21 (Reuters) - A South Korean retail giant has shelved controversial (...)

With new sheriff in town, S.Korea big businesses duck for cover

SEOUL, May 21 (Reuters) - A South Korean retail giant has shelved controversial (...)

Insurers get a new global accounting regime

LISTED firms in over 120 countries, including all large economies bar America, (...)

India needs to curb a borrowing spree by its state governments

WHICH Indian state sounds more likely to repay a loan: Bihar, the country’s (...)

Investors are both bullish and skittish about share prices

TEN years ago this month investors were pretty confident. True, there were (...)

Euro-area GDP growth outpaces America’s

THE appeal of GDP is that it offers, or seems to, a summary statistic of how (...)

America’s Treasury ponders issuing 40-, 50- or 100-year bonds

HOW can governments borrow most cheaply? The answer matters hugely for taxpayers. (...)

In the small print

Donald Trump is expected to announce a tax plan that would lower rates for (...)

Steven Mnuchin gets started on tax reform but there is more to do

OF THE things that investors and bosses have come to like about Donald Trump, (...)

Reducing rates for “pass-through” businesses will be tough to justify

THERE are two main reasons for a country to paw around in its tax code: to (...)

The markets are uninspired by the Trump tax plan

REMEMBER why the "Trump bump" began, all the way back in November? The rationale (...)

America’s big banks have an encouraging first quarter

WHAT a difference a year makes. When America’s big banks reported first-quarter (...)

Why the Federal Reserve should keep its balance-sheet large

HOW much money should exist? The Federal Reserve must soon confront this deep (...)

The mysterious quiescence of the gold market

AMERICA has bombed Syria, and its relations with Russia have deteriorated. (...)

Portugal GDP Growth Rate

The Portuguese economy advanced 0.6 percent on quarter in the last three months (...)

Portugal GDP Annual Growth Rate

The Portuguese economy expanded 2 percent year-on-year in the last quarter (...)

Portugal Social Security Rate

The Social Security Rate in Portugal stands at 34.75 percent. Social Security (...)

Portugal Personal Income Tax Rate

The Personal Income Tax Rate in Portugal stands at 56.50 percent. Personal (...)

Portugal Industrial Production MoM

Industrial Production in Portugal decreased 0.70 percent in February of 2017 (...)

Portugal Sales Tax Rate | VAT

The Sales Tax Rate in Portugal stands at 23 percent. Sales Tax Rate in Portugal (...)

Portugal Corporate Tax Rate

The Corporate Tax Rate in Portugal stands at 21 percent. Corporate Tax Rate (...)

Revenue Statistics and Consumption Tax Trends 2014: Key findings for Portugal

The tax burden in Portugal increased by 2.2 percentage points from 31.2% to (...)

Environmental taxes: Key findings for Portugal LINK

This country note provides an environmental tax and carbon pricing profile (...)

Consumption Tax Trends 2016: Country highlights

This publication provides detailed country notes on Value Added Tax/Goods (...)

Outsourcing

Outsourcing has become a strategic tool in business. Choosing utsourcing for (...)

Incentives and Investment Projects

We provide support as a strategic partner to access all types of incentives (...)

Finance and Management

We work with clients in financial reviews, performance management, consolidation (...)

Areas of Expertise

BMC Office Accounting provides support to its clients by offering a complete (...)

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