From purchasing power to wage demand: this is what you need to know about Prinsjesdag

The whole of the Netherlands is, as always, eagerly looking forward to Prinsjesdag. This year fewer hats and no driving tour or balcony scene, but still a flood of new measures, purchasing power plates and reactions (and wage demands) from the polder. The editors of De Financiรซle CCeit have collected all the articles, videos and podcasts here to prepare you for this special Prinsjesdag.

To start with, the purchasing power. The plans of the cabinet, including the third emergency fund, had already largely leaked out by the end of August – some traditions dont care about corona – and were discussed in our weekly podcast, Kwestie van Centen. Who will benefit and where will the cuts be made? What are the expectations for house prices on the housing market? And does the new corona support package offer any solace to entrepreneurs?

The purchasing power pictures presented by the cabinet actually never apply to individuals, because they are calculated on the assumption that nothing will change and that things like inflation and the care premium will be exactly as predicted. That, of course, is never the case: people get married, get promoted, lose their jobs and move. This year, with an expected wave of redundancies in the autumn (are you already well prepared?), the purchasing power pictures are even less reliable than usual.

And on top of that, the local burden – which the government also has no control over – will be added. Municipalities are also suffering from the corona crisis, of course. Fortunately for them, the average WOZ value of houses has never been so high. That is unfortunate, because that WOZ value is once again the basis for the ozb that homeowners pay. So it could go up, and that is precisely the fear: that the small purchasing power surplus promised by the cabinet this third Tuesday will be beaten to barrels by municipal authorities.

What was announced last year, and worked out last week: a growth fund, of โ‚ฌ20 billion in cheaply borrowed money instead of the โ‚ฌ50 billion previously announced, but still. Columnists Willem Vermeend & Rick van der Ploeg were immediately critical of the Wopke-Wiebes Fund. Martin Visser wrote in his analysis that there has been a change in thinking: in previous crises there were cuts, now the cabinet is going to invest.

On Friday, the entire budget for 2021 leaked out. Monday, like every year, FNVs wage requirement was added: 5% or more, corona crisis or not. The trade union board had still managed at 3%, but was whistled back by its own Members Parliament. Whether this wage demand will be met is also up to the unions new opponent: the brand new VNO-NCW boss Ingrid Thijssen. A completely different person than her predecessor Hans de Boer, it appears from our profile of her.

De CCeit brings this entire Prinsjesdag online news, reactions, analyses (and purchasing power pictures). If you follow our website, you wont miss a thing.