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...That deal froze the licence fee for two years — meaning a fall in funding for the BBC given soaring inflation — and then set further increases at the rate of inflation....
...The trend has been driven by the rise in interest rates driving down the cost of pension liabilities....
...But as higher interest rates improved pension scheme funding levels, prompting a record £50bn of corporate pension deals last year, some UK life insurers have passed on portions of these pension scheme assets...
...Rachel Reeves, the UK’s shadow chancellor, has promised no rise in corporation tax from its current rate of 25 per cent under a Labour government if the party wins the general election later this year....
...A poll for YouGov found that only one in four respondents favoured prioritising tax cuts over funding public services....
...Surpluses are on the agenda for many employers because of a sharp improvement in funding positions, driven by rising interest rates, which have lowered scheme liabilities....
...Founded in 2015 and best known for its coral pink debit cards, London-based Monzo has since expanded into new products and markets....
...These so-called carry trades historically have worked best in periods of healthy US and global growth and macro calm, when exchange rates tend to be less volatile....
...Additional reporting by Ivan Levingston This article was amended after publication to make clear that higher interest rates had driven the improvement in pension scheme funding levels...
...Start-ups have faced a difficult few years as rising interest rates have made large fundraising rounds more challenging, after proliferating during the pandemic.However, Wiz has continued to raise new funding...
...The Internal Revenue Service said on Wednesday that it was preparing “dozens” of audits of large corporations, partnerships and high-income taxpayers to see if their use of jets had been properly designated...
...TerraPower, which has raised almost $1bn in private funding, signed an agreement with Emirates Nuclear Energy Corporation in December to explore using Natrium reactors to generate electricity and produce...
...Bowes says: “This is a clear indication that the markets are expecting base rate cuts and therefore more cuts to the best savings rates, so it might be a good idea to tie at least some of your cash up for...
...The sharp rise in interest rates that began in 2022 compounded the challenge for their owners, who needed to refinance loans they took at historically low rates....
...The rise in the tax burden reflects the 2021 increase in the rate of corporation tax and the multiyear freeze in most personal tax thresholds, as well as changes in the underlying economy that have boosted...
...Growth for the year as a whole was 3.1 per cent — the best performance of any major advanced economy....
...The ETF dished out dividends for the first time in July, offering NT$0.11 per unit, which is a monthly dividend rate of 0.67 per cent....
...The three major Singaporean financial institutions — DBS, United Overseas Bank and Oversea-Chinese Banking Corporation — refer to Fed rates when setting those for their own loans....
...That is the pitch of businesses that increasingly tout themselves as one-stop shops for advice to major corporations. Welcome to the world of the everything adviser....
...But whoever wins the next election is going to have to grapple with updating the corporation’s funding model, as the number of licence fee-payers shrinks....
...The need to offer higher rates to keep deposits, which is the primary source of funding for banks, has remained a strain on the profit margins of smaller banks, even as larger lenders like JPMorgan Chase...
...These markets are vital for financing governments, for monetary policy transmission and for the hedging of interest rate risk for banks, investors and corporations....
...The overall effect is to make commercial banks even more sensitive to interest rates: [I]f banks were to replace these deposits with wholesale funding, at [euro short-term rate], which is currently around...
...Labour is accusing the Conservatives of pushing through 25 tax increases in the current parliament, including raising the main rate of corporation tax and freezes to income tax and National Insurance thresholds...
...Credit card interest and fees increased by $51bn in that time to $157bn, according to data provided by US banks to the Federal Deposit Insurance Corporation....
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