Skip to content
The wire
Wall Street
ASXASX 200 9,082.20 down -0.71%as at 13 Nov 2026, 3:29 pm GMT+0800BHP Group (BHP) 58.86 AUD down -1.26%as at 13 Nov 2026, 3:29 pm GMT+0800Commonwealth Bank (CBA) 170.87 AUD down -0.52%as at 13 Nov 2026, 3:29 pm GMT+0800CommoditiesBrent Crude Oil (Brent Futures) 91.49 USD/bbl down -1.17%as at 11 Nov 2026, 5:56 am GMT+0800WTI Crude Oil (WTI Futures) 86.04 USD/bbl down -0.93%as at 11 Nov 2026, 5:56 am GMT+0800EuronextCAC 40 8,332.88 up +0.66%as at 12 Nov 2026, 5:53 am GMT+0800Euro StoxxEURO STOXX 50 6,336.79 up +0.74%as at 11 Nov 2026, 1:54 pm GMT+0800FTSEFTSE 100 10,902.56 up +0.36%as at 14 Nov 2026, 5:52 am GMT+0800HKEXHANG SENG 23,637.60 down -1.55%as at 14 Nov 2026, 5:52 am GMT+0800NasdaqAlphabet (GOOGL) 295.77 USD down -0.98%as at 14 Nov 2026, 5:52 am GMT+0800Amazon (AMZN) 266.66 USD down -0.29%as at 14 Nov 2026, 5:52 am GMT+0800Apple (AAPL) 356.27 USD up +0.39%as at 14 Nov 2026, 5:52 am GMT+0800DOW JONES 52,347.55 up +0.10%as at 14 Nov 2026, 5:52 am GMT+0800Meta Platforms (META) 641.69 USD up +2.90%as at 14 Nov 2026, 5:52 am GMT+0800NASDAQ 25,136.27 down -0.91%as at 14 Nov 2026, 5:52 am GMT+0800S&P 500 7,561.67 down -0.40%as at 14 Nov 2026, 5:52 am GMT+0800Tesla (TSLA) 390.22 USD down -1.82%as at 14 Nov 2026, 5:52 am GMT+0800NSENIFTY 50 25,299.35 up +0.18%as at 13 Nov 2026, 3:29 pm GMT+0800NYSEBerkshire Hathaway (BRK.B) 592.94 USD up +0.53%as at 14 Nov 2026, 5:52 am GMT+0800NZXNZX 50 14,173.68 down -0.60%as at 13 Nov 2026, 3:29 pm GMT+0800Russell 2000RUSSELL 2000 2,790.49 down -0.31%as at 14 Nov 2026, 5:52 am GMT+0800SSESHANGHAI COMPOSITE 3,655.83 down -0.67%as at 12 Nov 2026, 5:24 pm GMT+0800TSENIKKEI 225 61,142.35 up +0.53%as at 13 Nov 2026, 3:29 pm GMT+0800XetraDAX 40 26,642.06 up +1.12%as at 12 Nov 2026, 5:53 am GMT+0800CryptoBTC/USD 68,241.00 USD down -4.59%as at 14 Nov 2026, 5:52 am GMT+0800Ethereum (ETH/USD) 1,926.53 USD down -4.56%as at 14 Nov 2026, 5:52 am GMT+0800SOL/USD 78.830 USD down -3.22%as at 14 Nov 2026, 5:52 am GMT+0800XRP/USD 1.01000 USD down -2.63%as at 14 Nov 2026, 5:52 am GMT+0800ForexAUD/EUR 0.615300 EUR down -0.36%as at 13 Nov 2026, 3:29 pm GMT+0800AUD/GBP 0.514200 GBP down -0.33%as at 13 Nov 2026, 3:29 pm GMT+0800AUD/JPY 108.8100 JPY down -0.43%as at 13 Nov 2026, 3:29 pm GMT+0800AUD/NZD 1.227300 NZD down -0.32%as at 13 Nov 2026, 3:29 pm GMT+0800AUD/USD 0.680400 USD down -0.54%as at 13 Nov 2026, 3:29 pm GMT+0800EUR/GBP 0.835690 GBP up +0.03%as at 13 Nov 2026, 3:29 pm GMT+0800EUR/USD 1.105802 USD down -0.19%as at 13 Nov 2026, 3:29 pm GMT+0800GBP/USD 1.323221 USD down -0.21%as at 13 Nov 2026, 3:29 pm GMT+0800NZD/USD 0.554388 USD down -0.22%as at 13 Nov 2026, 3:29 pm GMT+0800USD/CAD 1.425779 CAD down -0.01%as at 13 Nov 2026, 3:29 pm GMT+0800USD/CHF 0.835244 CHF up +0.26%as at 13 Nov 2026, 3:29 pm GMT+0800USD/CNY 6.669606 CNY up +0.02%as at 13 Nov 2026, 3:29 pm GMT+0800USD/JPY 159.9206 JPY up +0.11%as at 13 Nov 2026, 3:29 pm GMT+0800
Rates
  • AURBA4.85%Next 8 Dec
  • USFed3.75-4.00%Next 10 Dec
  • UKBoE4.00%Raised 0.25 · 6 Nov
  • EUECB2.50%Next 17 Dec
  • JPBoJ1.25%Next 18 Dec
  • CABoC2.50%Next 9 Dec
  • NZRBNZ2.75%Next 9 Dec
  • USUS CPI3.7% y/ySep 2026, 12-month CPI
  • USPayrolls+165,000 jobsOct 2026, seasonally adjusted monthly payroll change
  • USUS jobless4.1%Oct 2026, seasonally adjusted unemployment rate
  • USCore PCE3.1% y/ySep 2026, core PCE price index y/y
  • USUS GDP+3.4% annualisedQ3 2026, q/q seasonally adjusted annual rate
  • USUS retail+0.8% m/mSep 2026, m/m retail sales, seasonally adjusted
  • USISM mfg55.5Oct 2026, ISM manufacturing PMI index points
  • AUAU CPI4.3% y/ySep 2026, CPI y/y
  • AUAU jobless4.7%Sep 2026, seasonally adjusted unemployment
  • AUAU GDP+0.4% q/qQ2 2026, seasonally adjusted real GDP q/q
  • UKUK CPI3.5% y/ySep 2026, 12-month CPI
  • UKUK jobless4.7%Jun-Aug 2026, ILO unemployment
  • UKUK GDP+0.7% q/qQ3 2026, real GDP q/q
  • EUEZ CPI4.0% y/yOct 2026 euro-area HICP, flash estimate
  • CNChina GDP4.5% y/yQ3 2026, real GDP y/y
  • XAUGold4,052.40 USD/oz-1.49%
  • OILBrent99.69 USD/bbl+1.42%
  • OILWTI91.36 USD/bbl+0.11%
  • USUS 10Y4.837%-0.057 pts
  • VIXVIX28.18+69.66%
  • USDDXY101.768+0.21%
  • BTCBitcoin75,551.00 USD-6.09%
Saturday 14 November 2026A wider view Independent in spirit. Open by design.

The headline.
The whole story.

Live desk
On the agenda US measlesNvidia falloutDutch coalition crisisAustralia-Philippines dealCape York heatwaveUS lamb tariffs
DevelopingDutch coalition crisis World 3 min read

The Dutch government survives a vote its own coalition partner tried to sink, and calls the truce temporary

The Netherlands' minority government has survived for now. After about seven hours of crisis talks on Friday, the liberal VVD agreed to stay in Prime Minister Rob Jetten's cabinet, a day after it voted against the government's own tax plan when its partners passed a tax on wealthier households with the help of the left. Nothing has been settled: talks continue this weekend, and the VVD's leader calls the arrangement a failure.

Valcored News Network © Valcored News. All rights reserved.

Live updates

Times in GMT+0800
  1. Early Saturday AWSTLatest

    The VVD agrees to stay in the cabinet after about seven hours of talks. Jetten says "the conversation is not yet over"; Yeşilgöz calls the minority cabinet "a failed experiment".

  2. Friday 13 November

    Crisis talks between Jetten and the leaders of the VVD and CDA begin in The Hague.

  3. Thursday 12 November

    The amended tax plan passes the lower house by one vote, with the VVD voting against.

This page checks for new updates automatically.

Three things to know

  1. The amended 2027 tax plan passed the lower house by a single vote, raising about €1 billion a year from higher earners and the wealthy and giving about €900 million in relief to lower and middle incomes.
  2. The VVD voted against it, saying the deal its partners D66 and CDA struck with opposition parties breaks the coalition agreement.
  3. The government holds only 66 of 150 lower-house seats and has no majority in the Senate, where the tax plan goes next.

The Dutch government is still standing, but only after the party that voted against its own budget agreed to stay.

After roughly seven hours of talks in The Hague on Friday, Prime Minister Rob Jetten, of the liberal-progressive D66, and the leaders of his two partners, the right-liberal VVD and the Christian Democrat CDA, emerged with the coalition intact. Word that the VVD would stay came shortly before Jetten’s press conference on Friday evening, early on Saturday morning Perth time.

Jetten said the relationship “can and must be better”, and that “the conversation is not yet over”. Talks are expected to resume over the weekend.

How did a government vote against itself?

The fight is over who pays. On Thursday, D66 and the CDA, unable to win over parties on the right, struck a deal with two opposition parties, the left-wing Progressive Netherlands (PRO) and the pro-European Volt, to amend the government’s 2027 tax plan.

The amendments raise about €1 billion a year from higher-income and wealthier households, and use about €900 million for tax breaks and cost-of-living support for people on lower and middle incomes. The left had campaigned for a “millionaires’ tax”; this is a scaled-down version.

The VVD said the deal broke the coalition agreement and warned it would vote against the whole plan if the amendment was adopted. It did. The plan still passed the lower house by one vote.

What does the VVD want now?

Its leader, Dilan Yeşilgöz-Zegerius, was harsher than the prime minister. She called the minority cabinet “a failed experiment” and demanded two corrections: a change of policy to protect entrepreneurs and investors, and a political correction to stop what she sees as D66 and the CDA leaning on the left to pass laws.

She also acknowledged that nobody wants another election now. That is the glue holding the coalition together.

Why is this government so fragile?

Because it was built that way. Jetten’s three-party cabinet was sworn in on 23 February with 66 of the 150 seats in the lower house, well short of a majority, and the parliament is split into 17 groups. Every major law needs votes from outside the coalition, which is exactly how Thursday’s crisis happened.

The Netherlands has been here recently. The previous government, led by Dick Schoof, collapsed in June 2025 when Geert Wilders’ PVV walked out over asylum policy, triggering the October 2025 election in which D66 won the most votes. A fresh collapse would mean another long round of coalition talks in one of Europe’s most fragmented parliaments.

What does it mean beyond the Netherlands?

The Dutch argument over taxing wealth is one many governments are having, Australia included, where the tax treatment of very large superannuation balances has been fought over for several years. The Dutch case shows the political cost: a governing party preferred to vote down its own budget rather than accept a higher tax on the wealthy.

The Netherlands is the European Union’s fifth-largest economy, so the stability of its government matters well beyond its borders, including in the EU budget and Ukraine talks now under way.

VNN will update this story as more is confirmed.

How we got here

The key moments that brought this story into focus. Open any moment for detail.

  1. June 2025Schoof government falls

    Geert Wilders' PVV quits the coalition over asylum policy.

  2. October 2025Snap election

    D66 under Rob Jetten wins the most votes.

  3. 23 February 2026Jetten sworn in

    A three-party minority cabinet of D66, VVD and CDA takes office with 66 of 150 seats.

  4. 12 November 2026Tax vote

    D66 and CDA pass a tax on wealthier households with PRO and Volt; the VVD votes against its own government's plan.

  5. 13 November 2026Crisis talks

    After about seven hours, the VVD agrees to stay for now.

What happens next

Talks between the three coalition leaders are expected to continue over the weekend, with the VVD seeking policy and political "corrections". The tax plan now goes to the Senate, where the coalition has no majority; no date for the Senate vote has been announced. If the VVD walks out, the cabinet falls, and the Netherlands faces another round of coalition talks or a fresh election.

Sources

  • VNN

VNN never names people who give us information in confidence. How we protect sources and tips.

The headline. The whole story.

Spotted something we should check? Tell the newsroom.

Comments

0 comments

Community rules

To read and join the conversation, please agree to our rules.

  1. Be respectful. No insults, name-calling, harassment, threats or hate.
  2. No links, web addresses or email addresses of any kind.
  3. No spam, advertising or self-promotion.
  4. One comment per story. You can reply to other people's comments, and to replies on yours.
  5. Stay on topic and keep personal information private.
  6. Comments that break these rules are removed, and repeat offenders are blocked.

Accessibility

Change how this website looks and behaves for you. Your choices are saved in this browser on this device only.

Text

Text size100%

Colour and links

Movement and focus

Read and find your way

Jump to a section of this page

    Your browser and device also have accessibility settings, such as zoom (Ctrl or ⌘ and +), a screen reader and reduced motion. This website works with them.

    Your privacy choices

    We use cookies and similar technologies to run this website. With your permission, we would also use them for advertising and embedded videos and social media posts. You can change your mind at any time with “Cookie settings” at the bottom of every page. Cookies policy.

    Cookie settings

    Choose what you allow. Storage the website needs to work is always on. You can come back here at any time from “Cookie settings” at the bottom of every page.

    • Strictly necessary

      Security, signing in, payments you start, protection against ad fraud and remembering your cookie choice.

      Always on
      What is stored (10)
      • vnn_consent VNN (this website) · Cookie · 12 months
        Remembers your cookie choices so we do not ask on every page.
      • wordpress_logged_in_*, wordpress_sec_* WordPress (this website) · Cookie · Until you sign out, up to 14 days
        Keeps you signed in, if you have an account (VNN staff, subscribers and buyers).
      • wordpress_test_cookie WordPress (this website) · Cookie · Until you close the browser
        Checks your browser accepts cookies when you sign in.
      • wp-settings-*, wp-settings-time-* WordPress (this website) · Cookie · 1 year
        Remembers dashboard layout for VNN staff. Not set for readers.
      • vcn_co VNN (this website) · Cookie · 1 day
        Links a payment to the browser that made it, so a new reader is signed in straight away after paying.
      • vnn_rules VNN (this website) · Cookie · 1 year
        Remembers that you agreed to the community rules before commenting.
      • vnn.rules VNN (this website) · Local storage · Until you clear your browser data
        The same agreement, kept in your browser as a back-up.
      • vnn.adshield.block, vnn.adshield.clicks VNN (this website) · Local storage · Up to 24 hours
        Protects our advertisers from invalid clicks (ad fraud) by pausing ads after repeated clicks.
      • vnn.adshield.ok VNN (this website) · Session storage · Until you close the tab
        Avoids re-checking the click protection on every page.
      • Payment security cookies Our card payment processor · Cookie · Up to 1 year
        Set only on the payment page and the billing part of your account page, to protect card payments from fraud.
    • Your settings on this device

      Saved stories, followed topics and other settings you choose. Kept in your browser only.

      Always on
      What is stored (7)
      • vcn.saved-stories.v1 VNN (this website) · Local storage · Until you remove them
        The stories you save with the bookmark button.
      • vcn.followed-topics.v1 VNN (this website) · Local storage · Until you remove them
        The topics you choose to follow.
      • vnn.alert.dismissed VNN (this website) · Session storage · Until you close the tab
        Remembers that you closed the breaking-news bar.
      • vnn.access VNN (this website) · Local storage · Until you reset them
        Your accessibility settings, such as text size and contrast.
      • vnn.support VNN (this website) · Local storage · Until you clear your browser data
        Remembers when you closed the “Support VNN” panel or gave, so it does not keep appearing.
      • comment_author_*, comment_author_email_* WordPress (this website) · Cookie · About 1 year
        Fills in your name and email on the comment form, only if you tick “Save my name”.
      • vnn-app-* VNN (this website) · Cache storage (service worker) · Until the app updates or you clear site data
        The web app’s icons and offline page, so it opens quickly and can tell you when you are offline.
    • Advertising

      Lets our advertising partner show ads based on your interests and measure them. If you say no, you may still see ads, but they are not personalised.

      What is stored (1)
      • __gads, __gpi, __eoi and Google ad cookies (e.g. IDE on doubleclick.net) Google AdSense · Cookie · Up to 13 months (set by Google)
        Shows ads, limits how often you see the same ad, prevents fraud and measures results. Ads are personalised only if you accept advertising.
    • Embedded videos and posts

      Loads videos, social media posts and other content hosted by other companies, such as YouTube or X. They may set their own cookies. If you say no, each one waits until you choose to load it.

      What is stored (1)
      • Set by the provider YouTube, Vimeo, X (Twitter), Instagram, TikTok, Facebook, Spotify and other embedded services · Cookie · Set by the provider
        Plays videos and shows posts inside our stories. Nothing loads until you choose to load it or allow embedded content.

    Full details: Cookies policy.

    VNNVALCORED NEWS NETWORK

    Install the VNN web app

    Choose your device to see how to add VNN to your home screen.

      What is the VNN web app?

      It is this website, saved to your home screen so it opens like an app: full screen, one tap away, straight to the front page. It is free, there is no app store download, it uses almost no storage and it updates itself. To remove it, press and hold the VNN icon and choose Remove. What the web app stores on your device