POWER: Fingrid’s Three Cross-Border Projects Gain EU Common Interest Status
Dec-04 16:03
Fingrid's three new cross-border electricity projects-1GW Aurora Line 2, 700MW Estlink 3, and 800MW ...
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UK FISCAL: Poll: Voters Would See Basic Rate Tax Hike As Clear Manifesto Breach
Nov-04 15:56
The latest polling from YouGov shows that, while respondents are already anticipating tax hikes in the 26 November budget (UK FISCAL: Reeves Prepares Ground For Tax Hikes; Voters Already Expecting Them), the prospect of an increase to the basic rate of income tax would be a clear breach of its pre-election manifesto pledges.
- Amid rising speculation that the basic rate could be increased, 69% of respondents believe this would break the promise made pre-2024 election that Labour would not increase income tax, VAT, or National Insurance contributions. The proportion agreeing that the increase constitutes a breach falls to 45% when asked about an increase to the higher rate of income tax instead.
- The only potential policy polled that was on an even footing was when respondents were asked if combining income tax and National Insurance into a single tax would break pre-election promises, with 24% saying it would, 24% saying it would not, and 52% unsure.
Chart 1. Opinion Poll, 'What would count as Labour breaking their tax promises?', %
Source: YouGov. Fieldwork: 29-30 Oct.
OPTIONS: Expiries for Nov5 NY cut 1000ET (Source DTCC)
Nov-04 15:48
- EUR/USD: $1.1525(E630mln), $1.1600-20(E1.4bln)
- EUR/GBP: Gbp0.8745(Gbp753mln)
- USD/JPY: Y153.35-50($905mln)
- NZD/USD: $0.5650(N$1.2bln), $0.5675(N$1.2bln)
EURIBOR OPTIONS: ERM6 Call Buyer
Nov-04 15:42
ERM6 98.75 call, paper pays 1.0 in 9k
- ERM6 currently +1.0 tick at 98.045 today.
