It is not possible to “completely nullify” the pressures on energy prices, a Cabinet minister has said, as demonstrators gather across the country over the cost-of-living crisis. But Northern Ireland Secretary Brandon Lewis said the Government is “looking… across the board at what we’re doing with the public’s money”, and will “put in the support…
British Government ‘Cannot Completely Nullify’ Pressure on Energy Costs, Minister Says
Industry Groups, Drivers, Fishermen Join Protests as Inflation Hits 37-Year High in Spain
Spanish inflation accelerated to its highest level in almost four decades as the country continues to grapple with soaring energy prices while citizens grow impatient with the government’s efforts to control the situation. Estimated annual inflation of the consumer price index (CPI) in March was 9.8 percent, according to data from Spain’s statistics office. This…
Euro Zone Consumers in for a Shock as Power Bills Soar
FRANKFURT—When Christian Hurtz opened his electricity bill just before New Year, his jaw dropped: it had more than trebled from the rate he signed up for. The 41-year-old software developer from Cologne, Germany, is one of millions of Europeans who have seen their energy costs balloon as providers go out of business because of soaring…
UK Conservatives Urge Removal of Environmental Levies as Energy Prices Soar
January 2, 2022
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Some 20 Conservative lawmakers have urged Prime Minister Boris Johnson to scrap environmental levies and other taxes to ease the pressure caused by energy price rises to British households. Households are expected to see a steep rise in energy costs in April as suppliers are due to increase prices after the cost of gas in…
Rising Input Costs, Material Shortages, Plus Supply Chain Woes Leading to Higher Prices
U.S. businesses are dealing with growing inflationary pressures with rising input costs, material shortages, and unresolved supply issues being key drivers. Among manufacturers, 86.4 percent stated their primary current business challenge was an increase in raw material prices, according to the third quarter outlook survey by the National Association of Manufacturers (NAM). One of the roots…
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