{"id":51396,"date":"2026-07-22T00:00:29","date_gmt":"2026-07-22T00:00:29","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr-mena\/uncategorized\/burnham-elektrik-faturalarindaki-yuzde-5-kdvyi-kaldiracak-piyasalar-tahvil-ve-sterlin-uzerindeki-olasi-etkilerden-endiseli\/"},"modified":"2026-07-22T00:00:29","modified_gmt":"2026-07-22T00:00:29","slug":"burnham-elektrik-faturalarindaki-yuzde-5-kdvyi-kaldiracak-piyasalar-tahvil-ve-sterlin-uzerindeki-olasi-etkilerden-endiseli","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/burnham-elektrik-faturalarindaki-yuzde-5-kdvyi-kaldiracak-piyasalar-tahvil-ve-sterlin-uzerindeki-olasi-etkilerden-endiseli\/","title":{"rendered":"Burnham, elektrik faturalar\u0131ndaki y\u00fczde 5 KDV\u2019yi kald\u0131racak; piyasalar tahvil ve sterlin \u00fczerindeki olas\u0131 etkilerden endi\u015feli"},"content":{"rendered":"

Ba\u015fbakan Andy Burnham, daha geni\u015f bir ya\u015fam maliyeti paketinin ilk ad\u0131m\u0131 olarak, 1 Ekim\u2019den itibaren hane halk\u0131 elektrik faturalar\u0131ndaki y\u00fczde 5 KDV\u2019nin kald\u0131r\u0131laca\u011f\u0131n\u0131 duyurdu. H\u00fck\u00fcmet, de\u011fi\u015fikli\u011fin ailelere y\u0131lda yakla\u015f\u0131k 45 sterlin tasarruf sa\u011flayaca\u011f\u0131n\u0131; 2026\u201327 d\u00f6neminde ise 850 milyon sterline mal olaca\u011f\u0131n\u0131 tahmin ediyor ve bunun \u00f6nceki y\u00f6netimin dijital kimlik plan\u0131ndan vazge\u00e7ilerek finanse edilece\u011fini belirtiyor. Yetkililer ayr\u0131ca, ad\u0131m\u0131n man\u015fet enflasyonu 0,1 puan d\u00fc\u015f\u00fcrebilece\u011fini ekledi.<\/p>\n

Piyasa tepkisi temkinli seyrederken, tahvillerde (gilts) ve sterlinde g\u00f6r\u00fclen zay\u0131fl\u0131k; mali inand\u0131r\u0131c\u0131l\u0131\u011fa ili\u015fkin endi\u015feleri ve gev\u015femenin tamamen finanse edilip edilmedi\u011fi sorusunu \u00f6ne \u00e7\u0131kard\u0131. Politika, olas\u0131 i\u015fyeri vergisi (business rates) indirimi tart\u0131\u015fmalar\u0131yla birlikte de\u011ferlendirilse de, enerji fiyatlar\u0131ndaki genel bask\u0131 y\u00fcksek kalmay\u0131 s\u00fcrd\u00fcr\u00fcyor.<\/p>\n

Bor\u00e7 Piyasalar\u0131 ve Mali Risk Stratejileri<\/h3>\n

1 Ekim\u2019deki enerji vergisi indirimi yakla\u015f\u0131rken, piyasalar\u0131n h\u00fck\u00fcmetin finansman planlar\u0131n\u0131 sorgulamas\u0131 nedeniyle \u00f6n\u00fcm\u00fczdeki haftalarda Birle\u015fik Krall\u0131k devlet borcu \u00fczerindeki bask\u0131n\u0131n artmas\u0131n\u0131 bekliyoruz. 10 y\u0131ll\u0131k gilt getirileri son haftalarda yeniden y\u00fczde 4,3 seviyesine do\u011fru y\u00fckseldi\u011finden, k\u0131sa gilt vadeli i\u015flemlerine y\u00f6nelmeyi veya Birle\u015fik Krall\u0131k devlet tahvilleri \u00fczerine sat\u0131m opsiyonu (put) almay\u0131 de\u011ferlendirmeliyiz. Bu pozisyonlama, yat\u0131r\u0131mc\u0131lar\u0131n Birle\u015fik Krall\u0131k mali riskine daha y\u00fcksek prim talep etmesiyle getirilerde ya\u015fanabilecek ilave s\u0131\u00e7ramalara kar\u015f\u0131 portf\u00f6ylerimizi korur.<\/p>\n

Sterlin K\u0131r\u0131lganl\u0131\u011f\u0131 ve Enflasyon Korumalar\u0131<\/h3>\n

Ayr\u0131ca, mali duyurunun ard\u0131ndan ABD dolar\u0131 kar\u015f\u0131s\u0131nda 1,27 seviyesine yak\u0131n gerileyerek belirgin k\u0131r\u0131lganl\u0131k g\u00f6steren \u0130ngiliz Sterlini\u2019ni hedeflemeyi de \u00f6neriyoruz. T\u00fcrev i\u015flem yapan yat\u0131r\u0131mc\u0131lar, daha geni\u015f \u00e7apl\u0131 bir sat\u0131\u015f dalgas\u0131na kar\u015f\u0131 korunmak amac\u0131yla k\u0131sa vadeli GBP\/USD sat\u0131m opsiyonlar\u0131 (put) alarak bu a\u015fa\u011f\u0131 y\u00f6nl\u00fc trendden faydalanabilir. Tarihsel olarak, Birle\u015fik Krall\u0131k\u2019ta tam olarak finanse edilmemi\u015f mali ad\u0131mlar \u2014sterlinin rekor dipleri g\u00f6rd\u00fc\u011f\u00fc 2022 mini-b\u00fct\u00e7e krizi d\u00f6nemindeki \u00f6rneklerde oldu\u011fu gibi\u2014 h\u0131zl\u0131 kur de\u011fer kayb\u0131na yol a\u00e7m\u0131\u015ft\u0131r.<\/p>\n

Man\u015fet enflasyonda \u00f6ng\u00f6r\u00fclen 0,1 puanl\u0131k d\u00fc\u015f\u00fc\u015f baz\u0131lar\u0131n\u0131 yak\u0131n vadede faiz indirimi fiyatlamaya y\u00f6neltebilse de, yap\u0131sal b\u00fct\u00e7e a\u00e7\u0131\u011f\u0131n\u0131n uzun vadeli enflasyon beklentilerini y\u00fcksek tutaca\u011f\u0131 g\u00f6r\u00fc\u015f\u00fcndeyiz. K\u0131sa vadeli KDV rahatlamas\u0131na ra\u011fmen uzun vadeli Birle\u015fik Krall\u0131k enflasyon beklentileri y\u00fckselirse fayda sa\u011flayacak \u201cpayer\u201d enflasyon swaplar\u0131na girmeyi \u00f6neriyoruz. Bu dengeli yakla\u015f\u0131m, anl\u0131k t\u00fcketici rahatlamas\u0131 ile uzun vadeli mali inand\u0131r\u0131c\u0131l\u0131\u011fa ili\u015fkin kayg\u0131lar aras\u0131ndaki ayr\u0131\u015fmadan yararlanmam\u0131za olanak tan\u0131r.<\/p>\n\n\n\n

Hemen i\u015flem yapmaya ba\u015flay\u0131n \u2014 ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n.<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":"

Faturada vergi \u015foku: Burnham 1 Ekim\u2019den itibaren elektrik KDV\u2019sini kald\u0131r\u0131yor. Aileye y\u0131ll\u0131k 45 sterlin, b\u00fct\u00e7eye 850 milyon sterlin maliyet. Piyasalar temkinli; gilt getirileri, sterlin ve finansman g\u00fcveni mercek alt\u0131nda.<\/p>\n","protected":false},"author":87,"featured_media":49989,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-51396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/51396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=51396"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/51396\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media\/49989"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=51396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=51396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=51396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}