Uk News Cheap travel, petrol discounts and child payments on offer in Europe to tackle rising inflation United Kingdom news
PremierLeague-News.Com - Amid record inflation and global energy prices, governments across Europe have ploughed billions into measures to shield consumers from the effects of inflation
PremierLeague-News.Com - Breaking Sport Transfer News ! From cheap train tickets in Germany to one-off payments for pensioners in Greece, many European countries have adopted measures to mitigate the effect of rising inflation for their citizens.Eurozone inflation rose to a record high of 8.1 per cent last month, but in the UK it has soared to a 40-year high of 9.1 per cent.Initially driven by the aftermath of the Covid-19 pandemic and exacerbated by rising energy prices after Russia’s invasion of Ukraine, inflation has affected everything from food and services to everyday goods. A man gets gasoline at a petrol station in Rome (Photo: Alessandra Tarantino/AP)Here is how some European governments are helping households cope with the cost of living.France In October last year the French government announced plans to make a one-off €100 (£86) payment for around 38 million people whose monthly net income is €2,000 (£1,700) or less.The French Prime Minister Jean Castex referred to the payment as “inflation-compensation” to counter rising prices for petrol, energy and other goods.The price of gas and electricity has been frozen by a so-called tariff shield, which was initially planned to last until April but has been extended to the end of the year. Finance Minister Bruno Le Maire said last month that without the price freeze, French bills for gas would have risen by 60 per cent and electricity by 45 per cent. To tackle the sharp rise in gas prices, the government introduced a “15 cents per litre discount” at petrol stations from April. The measures, which will last until the end of July, are expected to save a motorist €9 on a 60-litre fuel tank and is costing the government more than €2bn, Mr Castex said. GreecePlans were announced plans last September to offer subsidies on electricity bills to the majority of Greek households and small businesses.This included a €9 subsidy for the first 300 kilowatt hours (KWh) consumed a month, which increased to €42 for the first 300KWh from January. For the most vulnerable households who are eligible for the government’s social housing tariff, the subsidy will amount to €180/MWh (megawatt hour), which covers 90 per cent of the increase.
News source = PremierLeague-News.Com
. The government raised the monthly minimum wage by about 2 per cent to €663 in January, meaning that with the new increase the minimum wage will go up by 9.7 per cent.GermanyIn relief packages announced this year, German taxpayers will be given a one-off €300 payment while those on social welfare receive €200 and those on unemployment benefits to get €100.People on housing benefit will receive a €270 heating cost allowance and €230 for students receiving government support.Meanwhile, families will receive a Kinderbonus (child bonus) of €100 per child.The €9 travel ticket in Germany forms part of a government programme intended to help combat rampant inflation and high fuel prices (Photo: Michael Sohn/AP)Other relief measures include an increase in the commuter allowance to 38 cents per kilometre after 21km and from June a €9 monthly travel ticket for use on public transport – both local and regional – for the next three months, which tourists can also benefit from.Belgium In October the Belgian government announced poorer households would receive an €80 voucher for energy bills. In addition, VAT on electricity and gas was temporarily reduced from 21 to 6 per cent – which has been extended to September – and a one-off payment of €100 for every household. Taxes on diesel and petrol have also been reduced by 17.5 cents per litre.More on Cost of livingOpinion | Boris Johnson needs to level with the public that Brexit is making the cost of living worse22 June, 2022Households face an extra £94 on energy bills to pay for collapsed suppliers, watchdog warns22 June, 2022Scottish Government has still not decided what to do with £41m cost of living cash22 June, 2022ElsewhereItaly has introduced a €200 one-off bonus for 28 million workers and pensioners with an income lower than €35,000 (£30,100), while motorists in Spain will be refunded 20 cents per litre of petrol and diesel at petrol stations until the end of June.Cyprus reduced VAT from 19 per cent to 5 per cent on electricity bills for the poorest people, and the most vulnerable households in Portugal were exempt from paying two of three taxes applied to electricity bills – the special consumption tax on petroleum and energy products and the audiovisual contribution – or “Netflix” tax – which funds public broadcasting.In the Baltics and eastern Europe, about 150,000 vulnerable households in Lithuania will receive a payment of €15 to €20 per month until the end of the year, while Estonia and Romania have capped the prices for electricity and gas.
Source = PremierLeague-News.Com