Category Archives: Financial 💷 💲 🏦

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ECB to inject 1.1trillion Euros as part of massive QE programme

22 Thursday Jan 2015

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The ECB could buy 50bn Euros of government bonds per month until the end of 2016. Creating new money which is known as Quantitative Easing to buy government debt is expected to reduce the cost of borrowing. Interest rates are to remain at 0.05%. The US programme ran from 2008 to 2014, whilst The UK and Japan have had huge bond buying programmes.

Posted by | Filed under Asia 🌐, Europe 🇪🇺, Financial 💷 💲 🏦, Germany 🇩🇪, USA 🇺🇸

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Obama aims to raise tax rate to 28% for couples earning £500, 000 a year over next decade

18 Sunday Jan 2015

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TEMPLATE REPORT

The President will call for a $320bn increase in tax over the next ten years to help the middle class. He will seek to raise capital gains tax and dividends on couples making $500, 000 to the level under Ronald Reagan – to 28%.
Obama will also seek to eliminate a tax break on inheritance. The money raised will fund new tax credits for working families, expanding child care tax credit, as well as making college more affordable including his recent proposal to make community college free for all students. However, the tax increases are likely to be rejected at the Republican controlled Capitol Hill.

Posted by | Filed under Financial 💷 💲 🏦, Politics 💼 🗳 🪖, USA 🇺🇸

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