Unemployment rose in the third quarter of 2019, however, there have never been more jobs in Switzerland. The total number of jobs in Switzerland rose to 5.137 million at 30 September 2019, a level never seen before. The figure was 1.3% higher than at 30 September 2018 and 0.3% higher than 30 June 2019. And […]
Federal Council paves way for VAT refund on Billag fee
At its meeting on 27 November 2019, the Federal Council set out its plan for the refund of value-added tax (VAT) on Switzerland’s radio and television licence, formerly known as Billag. Between 2010 and 2015, VAT was charged on Swiss television and radio licences. The Federal Tribunal, Switzerland’s highest court, has stated in two judgments […]
How an average Swiss household spends its income
Recently published figures show that average (mean) monthly household income in Switzerland in 2017 was CHF 9,917 (US$ 9,963). This is equal to CHF 119,004 (US$ 119,554) a year. Income is made up of salary income (CHF 6,320; 64%), freelance income (CHF 984; 10%), investment income (CHF 494; 5%) and money from the government (CHF […]
Most Swiss prefer home grown eggs, meat and dairy
Recently published statistics suggest most Swiss prefer home grown animal products. Three quarters (75%) of those surveyed said they preferred Swiss eggs and more than half preferred Swiss meat (51%) and dairy products (59%). Reasons for preferring local animal products were to support local farmers (nearly 25%), low food miles (15%) and product quality (15%). […]
40% of over 50s in Switzerland want to work beyond retirement, suggests survey
40% of workers currently aged between 50 and 64 would like to continue working beyond retirement age, according to a survey conducted by Deloitte. Switzerland’s growing demographic imbalance is not only putting pressure on Switzerland’s social security system but also reducing its pool of labour. According to UBS, by 2030, the Swiss labour market will […]
Unemployment rises in Switzerland but falls across the EU
Switzerland’s low unemployment rate is the envy of many EU countries. However, in the third quarter of 2019, Switzerland underperformed the EU. Recent statistics show Switzerland’s overall rate of unemployment in the third quarter rose from 4.2% (Q3 2018) to 4.6% (Q3 2019) or 225,000 unemployed workers – these figures are based on the International […]
French-speaking cantons biggest winners from next year’s fiscal transfers
The amount of money paid by “rich” cantons to “poor” ones will rise by CHF 61 million to CHF 5.3 billion in 2020, according to a recent government press release. The only French-speaking canton paying will be Geneva. All of the rest will see the sums they receive rise compared to 2019. In 2020, Geneva […]
Drug spending continues to explode in Switzerland
Last week, the government announced that it had shaved CHF 100 million off the cost of drug purchases from 1 January 2020. This week numbers obtained by RTS from Curafutura, a health insurance association, show drug spending rose CHF 420 million from CHF 6.9 billion to CHF 7 billion between October 2018 and September 2019 […]
Negative rates might go lower, says Swiss National Bank chairman
Thomas Jordan, chairman of the Swiss National Bank (SNB), told the NZZ am Sonntag newspaper recently that central bank interest rates might need to go further into negative territory. Responding to growing criticism of negative central bank interest rates, Jordan said negative interest rates could continue and a further reduction is possible. Could Swiss banks […]
Swiss parliamentary commission supports fuel tax hike
The parliamentary environmental commission has endorsed a plan to increase the taxes on fuel in Switzerland. Following support for a fuel tax increase by the Council of States, Switzerland’s upper house, the commission said it supports a rise of 10 cents a litre until 2024 and 12 cents a litre from 2025. These increases are […]
