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- MEPs are expected to call for increased action to support organisations providing aid and food to the most deprived in Europe. The recent sharp increase in energy prices due to Russian’s invasion of Ukraine, which also led to a massive increase in food prices, has resulted in a rise of inflation and living costs in the EU.
www.europarl.europa.eu/news/en/agenda/briefing/2023-10-02/13/meps-to-sound-the-alarm-on-the-cost-of-living-increase-in-europeMEPs to sound the alarm on the cost of living increase in Europe
People also ask
Why is the cost of living rising in Europe?
Why is the cost of living rising in the UK?
Why are real incomes falling in Europe?
How much will European housing costs increase by 2022?
Are European gas prices rising?
How has the cost of living changed since 2022?
Jan 12, 2023 · The rising cost of living is the most pressing worry for 93% of Europeans, finds the latest European Parliament Eurobarometer survey, released today in full.
Jan 20, 2022 · BBC News. From buying groceries to heating our homes, the cost of living is rising sharply - not just in the UK but around the world. Global inflation - the rate at which prices rise - is at its...
- Germany
- Spain
- France
- Italy
- Bulgaria
- The UK
- Greece
- Ireland
The German government said it plans to scrap a surcharge on electricity bills used to support renewable power. This would see a cut to the green surcharge that appears on home energybills from 6.5 cents per kilowatt-hour to 3.7 cents. The government is also putting €130 million in subsidies in place for lower income households. Eligible households ...
Spain cut several taxes to try to reduce consumer bills, originally planning to maintain the lower rates until the end of the year, before deciding in December to keep them lower until May 2022. The government also aims to raise €2.6 billion through a tax on the increased profits energy companies are set to enjoy from the soaring prices.
With the French presidential election looming in April, a cost of living crisis is the last thing Emmanuel Macron wants as he maps out his route to a second term, and his government acted quickly to address the situation. The state energy giant EDF was forced to take an €8.4 billion hit and limit energy bill hikes to 4 per cent this year in a bid t...
Italy was contending with high energy prices even before the recent rises. In an effort to stop prices for consumers spiralling, the Italian government has spent more than €8 billion since July to curb hikes in retail energy bills. This has included tax cuts on gas and reducing charges used to help finance renewable energy. There have also been add...
Over a quarter of Bulgarians struggle to heat their homes due to a combination of poor insulation, cold winters and high levels of poverty. This problem has been exacerbated by the recent rise in energy prices. In response, the Bulgarian government has frozen regulated electricity and heating prices until the end of March. However, only 10 per cent...
The British government announced on Thursday that millions of households will receive energy bill discounts totalling £350 (€416) to combat the impacts of the rise in energy prices. An expansion of the Warm Homes Discount scheme, a one-off discount on a household’s electricity bill, was also announced so that three million people could benefit from...
Greece has announced a 2 per cent increase in the minimum wage and will cut property tax rates by a further 13 per cent to help households struggling with rising inflation and higher energy costs, prime minister Kyriakos Mitsotakis has said.
The Irish government has planned a €113 energy rebate to every household. This week, the Tánaiste (Ireland’s deputy prime minister) Leo Varadkar said that government leaders are working on a package of measures to address the rising costs of living, but he did not give any specifics. Opposition party Sinn Féin criticised the government's inaction o...
Sep 6, 2022 · Europeans are facing much higher energy bills this year and beyond as a global surge in wholesale power and gas prices exposes the most vulnerable to fuel poverty, consumer groups warn. People...
Apr 30, 2023 · Households across Europe are facing a persistent pinch from one of the worst cost of living crises since the second world war, despite inflation falling almost as quickly as it rose.
- Valentina Romei
Aug 20, 2024 · The rising cost of living is the most pressing concern for more than 90% of Europeans according to The European Parliament's Autumn 2022 Eurobarometer. Official data sheds light...
Feb 14, 2024 · The cost of living has risen in the UK and across the world since 2022. Food and energy prices rose markedly, particularly gas prices, partly in response to the conflict in Ukraine. Global...
