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4 Jan 24
Reliefs to mitigate the cost-of-living crisis will only be implemented if they do not stoke inflation, prime minister Anthony Albanese has said.
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15 Sep 22
The energy crisis exacerbated by the Russian invasion of Ukraine will see the UK and eurozone plunge into a recession later this year and in 2023, economists at Fitch have said.
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7 Sep 22
The European Commission has outlined plans for “solidarity contributions” from fossil fuel companies and price caps on low-carbon energy to support people through the energy crisis.
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5 Sep 22
The German government is set to allocate a further €65bn to help soften the blow of the cost-of-living crisis on businesses and households.
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19 Aug 22
The German government has announced plans to cut VAT on gas sales by more than half, to help cushion the impact of the cost-of-living crisis.
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10 Aug 22
French energy giant EDF is set to sue its own government for £7bn, after legislation imposed to cushion the impact of the cost-of-living crisis forced the company to sell energy at a loss.
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5 Aug 22
The Italian government is set to spend a further €17bn this year to help soften the blow of inflation on families and businesses.
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28 Jun 22
French finance minister Bruno Le Maire has said the government’s finances have reached “alert level” amid a debate over how much he can do to shield people from the rising cost of living.
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26 May 22
Uganda is resisting calls to subsidise or cut taxes on imports of fuel and wheat despite rising prices hurting households, with the president saying that to do so would be economically “suicidal”.
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3 May 22
Italy will increase its new windfall tax on energy company profits amid historic price rises, the prime minister has said, while unveiling €14bn of support for households and businesses to deal with...
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30 Mar 22
The Australian government has pledged close to £5bn in tax cuts and one-off payments in its budget to help offset the impact of rising inflation on the economy.