consumer-protection
FinanceFactbox-Government Measures to Ease Inflation Pain
Top StoriesIreland to Turn Heat Down in Public Buildings, Shut Empty Office Floors
Top StoriesFactbox-Government Measures to Ease Inflation Pain
FinanceFs & Markets Bill: Major Changes on the Horizon for Financial Services Organisations
Factbox-Government Measures to Ease Inflation Pain
Date: August 30, 2022
(Reuters) – Pandemic-related disruption to global supply chains and the knock-on effects of Russia’s war in Ukraine have combined to drive up prices of energy, commodities and basic necessities. Below is a list of some of the actions taken by governments aimed at offering relief to hard-hit consumers and companies: AMERICAS: * The United States...
Shell Energy to Pay for Overcharging Price Cap Customers -Ofgem
Date: August 25, 2022
(Reuters) -Shell Plc’s UK retail energy business has to pay 536,970 pounds ($635,181) for overcharging some customers on its default tariffs which are subject to a price cap, Britain’s energy market regulator Ofgem said on Thursday. The payment by Shell Energy includes a refund of 106,000 pounds to the affected prepayment customer accounts as well...
Cost-Of-Living Crisis Prompts ‘buy Now, Pay Later’ Warning From UK’s Fca
Date: August 19, 2022
By Huw Jones LONDON (Reuters) -People responsible for misleading ‘buy now, pay later’ adverts could face two years in prison, Britain’s financial watchdog warned on Friday as it told firms offering the loans to stop encouraging “impulse buying” and spell out late repayment fees. As Britain’s cost-of-living crisis worsens, the Financial Conduct Authority has told...
Germany to Lower Sales Tax on Gas to 7% in Bid to Relieve Consumers
Date: August 18, 2022
BERLIN (Reuters) – Germany will lower the sales tax on gas to 7% in an effort to cushion the blow of additional charges being placed on consumers to ensure energy companies can afford increasingly expensive supplies, said Chancellor Olaf Scholz on Thursday. The reduced tax rate will apply as long as the levy is charged,...
Factbox-Europe’s Efforts to Shield Households From Soaring Energy Costs
Date: August 15, 2022
By Bozorgmehr Sharafedin (Reuters) – Europe is facing a sharp rise in power bills driven by sky-rocketing gas prices, as war in Ukraine and European sanctions on Russia heighten concerns over the security of gas supplies. Below outlines some of the policies Britain and European Union member states have announced to help shield consumers (in...
Ryanair to Appeal Against Hungary’s ‘baseless’ Consumer Protection Fine
Date: August 8, 2022
By Gergely Szakacs BUDAPEST (Reuters) – Budget airline Ryanair said it would appeal to the courts after Hungary fined it for passing on the cost of a special business tax, worth 800 billion forints ($2.1 billion) in total, following a consumer protection investigation. Nationalist Prime Minister Viktor Orban’s government in May announced the special tax...