On 26 July 2023, the administration announced that it had given a green light to a vote on a proposal to provide “good affordable childcare for everyone”. A total of 102,238 valid signatures were confirmed, a figure beyond the 100,000 required to call a popular vote in Switzerland. Vote organisers want day-care centres to be […]
Swiss Post announces higher prices
This week, Swiss Post announced it would increase the cost of sending letters and parcels from the beginning of 2024. At the beginning of 2024, nearly everything is set to rise in price as the Swiss VAT rate jumps from 7.7% to 8%. In addition, more and more companies are joining the party, pushing up […]
Swiss inflation down in June but more in pipeline
Data released on 3 July 2023 showed year-on-year inflation in June falling to 1.7%, down from 2.2% the month before. During the month of June 2023, prices rose 0.1%, which translates to an annualised rate of 1.2%, well below the Swiss National Bank (SNB) target rate of 2%. Underlying inflation, which strips out volatile elements […]
Swiss government to cut discriminatory widows’ pensions
In 2022, the European Court of Human Rights ruled in favour of Max Beeler, a man who claimed there was gender discrimination regarding pension payments to widows and widowers in Switzerland. This week, the government formalised changes removing the inequality of treatment of bereaved men and women. Currently, women receive a widower’s pension for life […]
Swiss government approves blow out budget for 2024
On 28 June 2023, Switzerland’s Federal Council approved a budget for 2024 with a deficit of CHF 6.7 billion. Switzerland’s constitution includes a section designed to constrain spending to prevent the government from living beyond its means. The debt brake, as it is known, allows a limited degree of annual overspending that is expected to […]
Swiss electricity prices to rise further in 2024
This week, VSE, an electricity association, said pricey electricity markets will likely lead to even higher Swiss electricity prices in 2024. Prices rose on average by 27% (+6 cents/kWh) in Switzerland in 2023. In 2024 VSE expects them to rise by a further 12% (+3 cents/kWh). This would bring the average price to almost 30 […]
Switzerland’s enormous Covid cost revealed
On 21 June 2023, the government published figures on the direct health costs of the Covid pandemic. During 2020, 2021 and 2022, the federal government spent CHF 4.9 billion, the cantons up to CHF 2.9 billion and health insurers as much as CHF 1.4 billion. The CHF 9.2 billion total comes out at more than […]
Swiss municipalities with most private swimming pools
This week RTS published a map showing which Swiss municipalities have the highest numbers of private swimming pools. Swimming pool champions are clustered mainly in Italian- and French-speaking Switzerland. Three of the top ten municipalities are in Ticino, five in Geneva and two in Vaud. Only the commune of Binningen in Basel Landschaft in German-speaking […]
Swiss central bank puts interest rate up this week
In November 2019 before the pandemic hit Switzerland, Thomas Jordan, the head of Switzerland’s central bank was warning that the bank might need to take interest rates below the unusually low -0.75% rate that prevailed at the time. Since then the rate has risen by 2.5% after a 0.25 percentage point rise announced on 22 […]
Swiss building costs continue sharp rise
Between October 2020 and April 2023, Swiss building construction costs rose by 13.9%. On an annualised basis the cost of building has been rising at a rate of 4.3% over this period, a rate higher than general inflation – the consumer price index rose 2.6% over the year to the end of April 2023. Building […]
