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This will raise an annual £9 billion, although most of that will be offset by rises in the threshold at which the levy starts to be paid.Income tax is the biggest tax lever of all.
If different assets are unlikely to take a beating simultaneously, or if price falls in some tend to be offset by rises in others, the bank's overall risk may be low even if the potential loss on each individual class of asset is high.The easy-sounding label for this thinking is "portfolio theory".
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will be offset by rising public spending on infrastructure and security".
The higher prices that production companies receive for selling oil and gas can be offset by rising costs for extraction.
A slump in demand for its mainframe computers forced Hitachi to reduce prices more than could be offset by rising sales of semiconductors and liquid crystal displays, the company said.
It will certainly cool, relative to a world in which the circulation remains robust — but that will be offset by rising average temperatures due to global warming, says Rahmstorf.
This weakness could be offset by rising net exports, but the peripherals biggest trading partners are in the same boat, and the world's other large economies aren't doing that great either and are also trying to raise net exports.The result is euro-area recession and peripheral depression.
For both wages and employment, short run effects of immigration differ from long run effects: any declines in the wages and employment of UK-born workers in the short run can be offset by rising wages and employment in the long run.
Stutzer (2004) found that the positive effect of higher income can be offset by rising income aspirations.
The result will be deferred consumption and firms laying off workers; that is, unless output is offset by rises in the trade sector (i.e. more exports).
In the meantime, the state's subsidies to the food-and-agriculture sector did not prevent bankrupt farms from operating: rises in the price of produce were offset by rises in the cost of oil and other resources.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com