Coalition parties CDA and D66 are angry with VVD Minister Eric Wiebes of Economic Affairs because he revealed information from the King's Budget Day speech and the government's budget a day before Budget Day. Prime Minister Mark Rutte received three requests from coalition partners to reprimand Wiebes, AD reports. In an interview with newspaper AD on Monday, Wiebes said that he came up with the idea of an investment fund involving billions of euros. This fund must provide a boost to the Dutch economy in case of a recession. And the money therein can be invested in innovation, education and infrastructure projects, he said. To the annoyance of his coalition colleagues. "Is this the new line? For a Minister to tell the whole story from the Budget Memorandum a day in advance?" one coalition member said to AD. Deputy Prime Minister Hugo De Jonge said: "That is not collegiate of Wiebes, because all ministers have to keep their mouth shut until Tuesday afternoon." Others were annoyed that … [Read more...] about Economic Minister under fire for leaking Budget Day info
Personal budget worksheet
At 3:00 p.m. on Tuesday the Rutte III government will present its budget for next year. But as every year, a number of the government's plans already leaked to the press. Here follows a summary of what we know so far, compiled by NOS and RTL Nieuws. Purchasing power will increase next year, especially for people with mid-level incomes or higher. People with an income up to 22 thousand euros will see their purchasing power increase by 1.4 percent. The income group 22 thousand to 35 thousand euros will get plus 1.8 percent, 35 thousand to 52 thousand euros plus 2.2 percent, 52 thousand to 75 thousand euros plus 2.4 percent, and 75 thousand euros or higher plus 2.3 percent. For comparison, purchasing power increased 0.3 percent last year and 0.5 percent the year for that. Note that these figures are based on averages and estimations by central planning office CPB. The reality may be different per individual. The basic healthcare insurance premium will be somewhat higher next … [Read more...] about Budget Day leaks: What we know so far
By Elaine Loughlin and Daniel McConnellMinister for Finance Paschal Donohoe has ruled out any cuts in personal tax or increases to the old age pension in the budget.Confirming he will prepare the budget for a no-deal Brexit, Mr Donhoe won Cabinet approval yesterday to limit additional spending in 2020 to €2.8bn, of which just €700m is unallocated. Speaking to the Irish Examiner, Mr Donohoe said there will be “minimal” changes to the tax code, and ruled out cuts to income and personal taxes.“There is a case and indeed a need to make further personal tax deductions before Brexit, I’m not going to do that.”“I will have to make changes in our personal tax code to deal with a potential change, for example, in the minimum wage. There are the kind of changes that I still want to ensure that I make,” he said.He also said that increases to social welfare payments would be “targeted” at the most vulnerable but made clear increases … [Read more...] about Income tax cuts ruled out for budget
By R.T. Watson and R.T. Watson The Wall Street Journal BiographyR.T. Watson @rt_watson [email protected] Ben Fritz Ben Fritz The Wall Street Journal BiographyBen Fritz @benfritz [email protected] Updated July 29, 2019 4:40 pm ET Netflix Inc. is spending hundreds of millions of dollars to produce big-budget films as it tries to shore up its subscriber base and push further into territory once controlled by major Hollywood studios. The streaming giant is investing over $520 million to make three big-budget films, said people familiar with movie budgets. None of those movies is likely to get the kind of wide theatrical release typically used to make such substantial investments pay off. Earlier this month, Netflix agreed to spend nearly $200 million to make the Dwayne Johnson action movie “Red Notice,” which will be filmed next year at exotic locations and also stars Ryan Reynolds and Gal Gadot, the people said. In addition, a person familiar with the matter … [Read more...] about Netflix Splurges on Big-Budget Movies
UK Politics By Reality Check team BBC News 28 May 2019 Share this with Facebook Share this with Messenger Share this with Twitter Share this with Email Share this with Facebook Share this with WhatsApp Share this with Messenger Share this with Twitter Share Share this with These are external links and will open in a new window Email Share this with Email Facebook Share this with Facebook Messenger Share this with Messenger Messenger Share this with Messenger Twitter Share this with Twitter Pinterest Share this with Pinterest WhatsApp Share this with WhatsApp LinkedIn Share this with LinkedIn Copy this link https://www.bbc.com/news/uk-politics-48256318 Read more about sharing. These are external links and will open in a new window Close share panel Related TopicsReality Check With the European elections concluded, one of the big challenges … [Read more...] about EU budget: Who pays most in and who gets most back?