government-funding
Top StoriesGermany to Take on 45.6 Billion Euros in New Debt in 2023
Top StoriesUK Chancellor Jeremy Hunt to Announce a Tax Raid on Inheritance -Telegraph
Top StoriesNew Swedish Government to Cut Fuel Taxes, Boost Defence, Police in Budget
Top StoriesGermany Should Hike Taxes on Rich to Finance Relief Packages, Advisers Say – Report
UK Faces 50 Billion Pound Fiscal Hole, Government Sources Say
Date: November 7, 2022
By Elizabeth Piper and David Milliken LONDON (Reuters) – British finance minister Jeremy Hunt will seek to fill a 50 billion pound ($57 billion) hole in the country’s public finances with around 30 billion pounds of spending cuts and 20 billion in tax rises, two government sources said on Monday. Hunt is due to present...
At COP27, Climate ‘loss and Damage’ Funding Makes It on the Table
Date: November 7, 2022
By Laurie Goering SHARM EL-SHEIKH, Egypt (Thomson Reuters Foundation) – Warned that mounting economic crises should not delay action on increasingly obvious global warming threats, climate negotiators agreed at U.N. talks on Sunday to start discussions on a funding plan to help climate-hit countries cope with surging losses. As the COP27 climate summit opened in...
Mof and Mas Launch Process to Digitalise Banker’s Guarantees and Insurance Bonds
Date: November 4, 2022
Singapore, 2 November 2022 …. The Ministry of Finance (MOF) and the Monetary Authority of Singapore (MAS) today launched eGuarantee@Gov, a simple and secure digital process for businesses and individuals to provide a banker’s guarantee or insurance bond (collectively, “guarantee”) to government agencies within a day. It was jointly developed with the Association of Banks...
Factbox-Governments Act to Ease Inflation Pain
Date: October 31, 2022
(Reuters) – Pandemic-related disruptions to global supply chains and the knock-on effects of Russia’s war in Ukraine have driven up prices of energy, commodities and basic necessities. Below is a list of actions taken by governments to try to help hard-hit consumers and companies: AMERICAS: * The United States is tapping its Strategic Petroleum Reserve...
Germany Finalises Details of Planned Gas Price Cap
Date: October 31, 2022
By Christian Kraemer, Holger Hansen and Riham Alkousaa BERLIN (Reuters) -Germany’s expert gas commission on Monday presented proposals to the government for a gas price cap in Europe’s biggest economy to help citizens cope with soaring energy prices and encourage companies to remain in the country and preserve jobs. Households in the country are paying...
UK Energy Price Caps Will Help to Reduce Inflation, Ons Rules
Date: October 31, 2022
LONDON (Reuters) – Britain’s energy price cap for consumers and government-funded discounts on bills for businesses will push official measures of inflation lower, the country’s statistics office said on Monday. The Office for National Statistics said the Energy Price Guarantee (EPG) for households, and the Energy Bill Relief Scheme for businesses, would lower the unit...