rise is irking investors an increase in the tax on dividends. joining me now is swetha ramachandran, investment manager, gam investments. good morning. talk through how the tax on dividends will work. the additional revenue of 12pm pounds needed to be raised through the measures announced yesterday are about 600 million that needs to be diverted to dividend tax. the idea is to apportion the burden among the working age employees, bearing a brunt of the contributions, but also those receiving income from the higher and of the spectrum. it will have the
to set a new pace for electric vehicles. i am following through on the campaign commitment to reverse the campaign commitment to reverse the previous administration s short sighted of vehicle emissions and efficiency standards. i m doing so with the support of the auto industry. the automobile industry. today the environmental protection agency and the department of transportation are unveiling proposals to do just that. these agencies are beginning to work on the next round of standards for a broad class of vehicles, for cars, suvs, pick up trucks, medium and heavy duty vehicles. importantly, we have announcements today from auto makers representing nearly the entire order market, who are positioned around the ambition of 40 to 50% of all vehicles are sold by 2030 america, being electric. note the word there ambition . the executive order is not legally binding. so will it work? swetha ramachandran is investment manager at gam investments, i asked her if there s public
strides. for now, it seems to be a shot in the arm, particularly to reverse some of the rollbacks that at the trump administration made in regards to its concessions to the industry. that, we need to look at as a step in the right direction rather than an endpoint. thank you for your insights, swetha ramachandran, have a great weekend. let s turn to the travel industry now, because as you ve been hearing, european countries are beginning to demand proof of covid immunity for access to a wide range of venues and services. as of monday, in france to visit a cafe or board a train you ll need to show a health pass proving two vaccine doses or recent negative covid test. it s part of an eu wide scheme, but what about tourists from outside the bloc? could it deal another huge blow to the tourism business, just when travel restrictions are beginning to lift?
first, following through on the campaign commitment to roll back the issues caused by the previous government, and i am doing so with the support of the auto industry, the automobile industry. the environmental protection agency and department of predation are unveiling proposals to do this. the agencies are beginning to work on the next round of standards for a broad class of vehicles, for cars, suvs, pickup trucks, medium and heavy duty vehicles. importantly, we have announcement today from automakers representing almost the entire market who have positioned around the ambition of a0 happen 50% of all vehicles sold by 2030 in america being electric. note the word there ambition. the executive order is not legally binding. so will it work? swetha ramachandran is investment manager at gam investments.
prices rose by 5.4% injune, driven higher by the cost of used cars and food increasing. the jump has sparked fears that prices are increasing too quickly, which could prompt the us central bank to push up interest rates or pull back on pandemic support earlier than expected. joining me now is swetha ramachandran, who s a investment manager at gam investments. nice to see you again. this is the news that financial markets did not want to hear but actually looking at the reaction, it has been quite muted? . , reaction, it has been quite muted? ., , . ., muted? that is correct and even thou:h muted? that is correct and even though we muted? that is correct and even though we saw muted? that is correct and even though we saw pretty muted? that is correct and even though we saw pretty record - though we saw pretty record increases in the cpi, the measure of inflation in the us, the fact this had been well flagged by the fed bank in advance of release given the impact of the transitory