Finance

Britain's shrinking real incomes are beginning to affect the purchasing power of much of the country

Photo by Serena Repice Lentini / Unsplash

43% of those who pay their energy bills say they will face problems because of rising costs. The same proportion said they won't be able to make savings over the next year as a result of the jump in bills.

Nearly a quarter of adults, 23%, said they had difficulty paying their regular household bills last month, up from 17% in November.

Of those who pay a mortgage, 30% said they were having a hard time afford housing costs, and 3% said they were behind on their payments.

ECB tries to save EU economy - central bank will be flexible in reinvesting PEPP program

The pandemic has left persistent vulnerabilities in the eurozone economy that contribute to the uneven normalization of our monetary policy among different countries, the ECB said. The ECB has instructed Eurosystem committees and ECB services to accelerate the development of a new mechanism to combat fragmentation. Why it matters. Rising

Price for oil price cap yet to be determined, head of European Commission

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U.S. officials forced to roll back plan to limit Russian oil prices - Bloomberg

India and China - Russia's most important trading partners - will not participate, Bloomberg sources said. The price cap plan is still alive after all. However, the price cap will be higher than previously thought. Earlier, U.S. Treasury Secretary Yellen said the price ceiling could be in the range

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