Spain Pedro Sánchez – new anti-crisis measures

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On Saturday, following a unprecedented assembly of the cupboard, Prime Minister Pedro Sánchez introduced a brand new bundle of measures to take care of the rise in inflation. These will final till the tip of the yr and can price 9,000 million euros, which rises to fifteen,000 million when measures already in drive are factored in.

Among the many measures will probably be direct support of 200 euros for the self-employed and the unemployed with low incomes. This may be requested from July. There will probably be reductions of 30% to 50% for public transport passes and a 15% enhance in non-contributory retirement and incapacity pensions, which represents a rise of 60 euros monthly (360 euros by the tip of the yr).

The utmost worth of butane is to be capped, and IVA (VAT) on electrical energy payments will probably be lowered from 10% to five%. The 20 cent low cost for a litre of gas will probably be prolonged till December 31.

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