Unemployment rate falls to 4%, with record low youth unemployment
As young people in England and Wales await their A-level results on Thursday 16 August, the proportion of young people who are unemployed and not in full-time education is at a record low of 4.7%.
World Bank Launches Market’s First SSA Secured Overnight Financing Rate (SOFR) Bond
The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) on August 14, priced its first Secured Overnight Financing Rate (SOFR) bond. The 2-year USD-denominated benchmark bond raised USD 1 billion from investors in the...
US$17 Million Grant for Gaza Youth to Create Employment Opportunities
The World Bank, on August 13, announced a new project to provide Gaza‘s unemployed youth with short term income support. About 4,400 targeted youth, half of them women, will be hired by NGOs to deliver services in severely needed areas such as health...
Better data sharing with HMRC can offset need for extension of ‘off-payroll’ working rules
The Chartered Institute of Taxation (CIOT) is suggesting an alternative to HMRC’s extension of the public sector ‘off-payroll’ working rules to the private sector. The Institute believes this will avoid repeating mistakes with last year’s rollout in...
Caribbean Aims to Become World's First Climate-Smart Zone
Prime Minister of Jamaica, The Most Honourable Andrew Holness, President of the InterAmerican Development Bank (IDB), Luis Alberto Moreno, Virgin Group Founder Sir Richard Branson and World Bank Vice President for Latin America and the Caribbean,...
Tentative signs of easing growth momentum in the OECD area
Calgary's Triple Pension Club
The Canadian Taxpayers Federation (CTF) released documents obtained from a freedom of information (FOI) request from the City of Calgary that show 236 city employees are set to receive three pensions courtesy of taxpayers on Aug 08, 2018.
IRS issues proposed regulations on new 20 percent deduction for passthrough businesses
The Internal Revenue Service issued proposed regulations for a new provision allowing many owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their qualified business income on Aug 08, 2018.
EIB and Bankia provide EUR 150 million to finance investment by small Spanish businesses
The European Investment Bank (EIB) is providing financing for SME and mid-cap projects with a EUR 75m loan to Bankia. Under the agreement signed in Madrid, Bankia will match the loan with the same amount, meaning that a total of EUR 150m will be made...
World Bank Group Partnership with Nepal Focuses on Federalism, Private Sector, and Inclusive Growth
Nepal’s quest to secure a stable path to federalism and an inclusive and prosperous future found strong support when the World Bank Group’s Board of Executive Directors discussed a new Country Partnership Framework (CPF) for Nepal for the next five...
