With a marginal burden of around 50% of gross income under Germany’s taxation and transfer system, people with middle incomes effectively end up with only half of every euro they earn, a study shows.
If neither wages nor energy prices can explain why the ECB is right in being concerned about persistent inflation, then what can explain it? There is a candidate that nobody wants to talk about: taxes.
Ministers are encouraging Britons to ditch their gas boilers for heat pumps, but the ‘net zero’ secretary Grant Shapps admitted he has yet to do so himself.
German’s national train operator has announced that all long-distance trains will be cancelled, and the Frankfurt airport has cancelled all regular flights.
The incumbent Prime Minister Kaja Kallas led the polls, but her leadership is far from secure, since poor energy policies and allegations of election fraud undermine her victory.
The greener member states do not want to foot the bill for others’ fossil dependence as energy ministers met for “intense” debate organized by the Council’s Swedish presidency.
The bakers are calling for an emergency tariff shield, valid for all. Others give a more political tone to their protest and question the European common market of electricity.
