cost of living crisis

Holiday tax proposal for Wales sparks fears it will drive away tourists

The Labor-run Welsh government was facing criticism last night about plans to tax tourists to visit the country. Businesses said the proposed levy could deter visitors already cutting back on holidays because of the rising cost of living while Tories described it as ‘grave danger’ to Wales and a threat to livelihoods. Richard Workman, of …

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Two thirds of voters say their incomes are falling behind the cost of living

Nearly two thirds of US adults say their incomes are falling behind the cost of living, and grocery bills have surpassed mortgage repayments for some, as the economy remains a key issue for voters in the upcoming midterm elections. Recent polling by NBC News found that 63 percent of voters say they could not make …

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War against Russia plunging Germany into a massive energy crisis

Government officials, business representatives and the media are preparing the German public for a massive energy crisis this winter. If gas imports from Russia were to dry up completely, German gas storage would be empty by next February, facilities according to a calculation by the Brussels-based think tank Bruegel. Freezing in the apartment [Photo by …

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