Heavy energy users, many of them in the manufacturing sector, will be in line for State financial supports over the winter under plans the Government is clearing with the European Commission. Photograph: Waldo Swiegers/BloombergFirms hit hardest by rising energy costs will be in line for State financial supports over the winter, with the Government seeking European Commission state aid approval for two special support programmes.
The schemes reflect Government fears that further restrictions on gas supplies from Russia will send gas prices higher over the winter. Prices on the wholesale market have risen sharply in recent weeks due to these fears and are now approaching levels reached in the immediate aftermath of the invasion. A number of senior ministers have recently referred to the possibility of a difficult winter, particularly if Russian gas supplies to the EU are cut completely.
Mr Varadkar said that many businesses are worried about the upcoming winter and the Government planned to help them through this crisis, as was done with Covid-19 and Brexit.
IrishTimes Increase taxation on individual & family to subsidise corporate elite. Is this part of the neo-liberal policy that catherinegalway talks about? It was most prevalent in '08 with the socialisation of debt & the privatisation of wealth.Failed economic system depending on your lens
I bought a hot tub and it's a whore on lecky do I qualify? 😜