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Speaking to MPs in the Commons this morning, the Chancellor announced a £9bn support package of loans and tax relief, including a £200 energy rebate for every British household in October.
It comes as the energy regulator confirmed this morning that the price cap on energy bills for 22m households will jump by 54 per cent from April to about £2,000 a year because of soaring gas costs.
The Eurogroup is trying to find a compromise between Italy, France and Spain, on the one hand, who want ‚coronabonds‘, and northern deficit hawks like the Netherlands, Denmark and Finland who advocate the use of the European Stability Mechanism (ESM), rejecting any mutualizing of debt.
EU accredited journalists will be able to ask questions remotely, register using the link that you can find here with all the instructions https://europa.eu/!hM37Wf
Deadline: today at 15.00
Article by Heiko Maas, Federal Minister of Foreign Affairs, and Olaf Scholz, Federal Minister of Finance, on the corona crisis in Europe. Published April 6th, 2020, in different language versions in Les Echos (France), La Stampa (Italy), El País (Spain), Público (Portugal) and Ta Nea (Greece).
The United States is working closely with China to have it cut off altogether imports of Iranian crude oil, as the U.S. steps up sanctions pressure on the Iranian regime, U.S. Secretary of the Treasury, Steven Mnuchin, told Fox News’ ‘Sunday Morning Futures’.
In 95 days we will leave the EU. Of that there should be no doubt. Three years after the referendum, the countdown to delivering on the democratic will of the British people has well and truly begun. In three months’ time, we will be an independent nation once more. Free to set our own path to our own future.
(25.07.2019)
Yet Germany, which has a budget surplus and which can borrow money at sub-zero rates, doesn’t see the problem even as its own manufacturing sector contracts. Finance Minister Olaf Scholz told Bloomberg Television on Thursday, minutes before Draghi’s press conference, that he has no plans to loosen the country’s purse strings because it’s not “necessary or wise to act as if we were in a crisis.”
Mexico’s moderate Finance Minister Carlos Urzua resigned on Tuesday with a letter that shocked markets by citing “extremism” in economic policy, before President Andres Manuel Lopez Obrador quickly named a well-regarded deputy minister to replace him.
U.S. Treasury Secretary Steven Mnuchin tweeted that he had a „candid“ and „constructive“ talk on trade issues with People’s Bank of China Governor Yi Gang.
Mnuchin had earlier played down expectations for the meeting with Yi, which took place on the sidelines of a gathering of Group of 20 finance ministers and central bankers in Fukuoka, Japan.
(08.06.2019)
With the outlook of the global economy clouded by the ongoing U.S.-China trade war, finance leaders from the Group of 20 nations kicked off a two-day meeting Saturday in Fukuoka to discuss measures to guard against economic risks.
The government said last week that Finance Minister Ridha Chalgoum had signed in Riyadh a $500 million loan with a low interest rate. He gave no further details.
Last month, Prime Minister Youssef Chaded said after a visit to Riyadh that Saudi Arabia had pledged financial aid worth about $830 million, of which $500 million would be used to finance the budget.
Italy’s Finance Minister Giovanni Tria said on Monday the country’s budget for next year will not change despite calls from EU peers and the EU Commission to amend it so that it would be in line with European Union laws.
„We see Germany as a key player in the world economy and are looking at the German market with great optimism,“ Qatar’s minister of finance, Ali Sharif al-Emadi, told Handelsblatt newspaper ahead of a Qatar Germany Business Investment Forum in Berlin on September 7.
(1.10.2013) One reader responds to Yair Lapid on Facebook by noting that some expats ‚go from a situation where they barely made ends meet to being financially comfortable.‘