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German Gas Commission Agrees Proposals to Ease Impact of Soaring Prices
Date: October 10, 2022
BERLIN (Reuters) -Germany’s expert commission charged with drawing up plans to ease the impact of soaring gas prices on consumers agreed on a set of proposals early on Monday, sources close to the talks said. A draft of a paper seen by Reuters earlier showed the commission favoured the state giving households and businesses a...
Greg Hands Appointed as UK Junior Trade Minister
Date: October 10, 2022
(Reuters) -British lawmaker Greg Hands was appointed minister of state for trade, the prime minister’s office said in a statement on Sunday. “An honour and a great privilege to be in His Majesty’s Government,” Hands said in a tweet following his appointment. Hands’ appointment comes after Conor Burns was sacked as a junior trade minister...
BoE’s Haskel Flags Importance of Independent Budget Forecasts
Date: October 6, 2022
By David Milliken LONDON (Reuters) -The Bank of England needs independent budget forecasts to do its work, BoE policymaker Jonathan Haskel said on Thursday, as uncertainty remains over the timing of the next set of forecasts from the Office for Budget Responsibility (OBR). UK finance minister Kwasi Kwarteng announced 45 billion pounds ($50 billion) of...
France to Turn Off Hot Water in Public Offices to Save Energy
Date: October 6, 2022
PARIS (Reuters) -France will turn off the hot water in the toilets of public buildings and order municipalities to reduce water temperatures at public swimming pools by 1 degree Celsius as part of broader plans to reduce energy consumption, the energy ministry said. President Emmanuel Macron’s government is due to announce sector-by-sector energy saving measures...
Factbox-Government Measures to Ease Inflation Pain
Date: October 5, 2022
(Reuters) – Pandemic-related disruptions 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: * U.S. President Joe...
Britain’s Household Energy Price Cap Could Cost $160 Billion – Cornwall Insights Analysts
Date: October 5, 2022
LONDON (Reuters) – A scheme capping gas and electricity prices for British households for the next two years could cost up to 140 billion pounds ($159 billion) in an extreme scenario, analysts at Cornwall Insights said on Wednesday. Britain last month announced the price guarantee to help shield consumers from record energy prices amid soaring...