Chancellor changes tax rates and growth forecast

Source: Bloomberg
In the speech to the Lower House of the British Parliament, George Osborne declared about the adjustments for the tax rates, inflation and GDP growth prediction in the UK. Inflation was reviewed to 0.7% for 2016. IPT increased to 10%. The cut of the corporation tax to 17% is expected to be done in 4 years. GDP growth expectations were lowered to 2%, 2.2% and 2.1% for 2016, 2017 and 2018, respectively. 
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Tue, 22 Mar 2016 14:52:09 GMT

Blasts in Brussel cause European exchanges fall

On Tuesday, several deadly explosions have rocked at the airport and metro system in the Belgium capital, Brussel. The Euro dropped to $1.12, whilst the Swiss franc jumped to 1.0879 per euro. The European index, STOXX Europe 600 Travel & Leisure lost 2.75%. Belgium Bel 20 declined by 1.25%, French CAC 40 by 1.4%, German DAX by 1.77% and Dutch

Wed, 16 Mar 2016 17:11:05 GMT

US housing starts at 5-month high

The Commerce Department reported 5.2% increase in housing starts in the US in February. The main driver of the spike was single-family house starts, which rose 7.2% to a yearly rate of 822,000, the highest level in nine years. The housing sector is said to be the main driver of the economic growth in 2016 in the US as decrease

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