Cost of living payment 2022

From generous one-off benefit payments to caps on rent increases, state intervention is taking shape across the G7.

Trudeau expects parliament to pass the new measures in the coming weeks, including a one-time benefit of $C500 for low-income renters. Semiconductor shortages led to rises in the price of everything from cars to mobile phones during the pandemic. After decades of deflation, households in the world’s third-biggest economy have been hit by a rise in energy bills and, by next month will be paying more for an additional 6,500 food items – including daily staples such as bread and noodles – . He has called for nuclear reactors that have passed post-Fukushima safety tests to be restarted to meet the expected surge in demand for electricity this winter. However, a new government will be responsible for seeing the measures through, tackling the cost of living challenges over the coming winter, after elections on Sunday. The government has promised to “do everything possible to ensure energy provision continues to function”. Meanwhile, a cut in excise duty on petrol will stay in place until the end of November. The scheme will also provide a one-off €150 handout for 22 million workers and pensioners who have an annual income of below €20,000. The government has also subsidised a rebate on petrol and diesel prices. Since autumn 2021, the cap on gas and energy prices, including fuel rebates, have cost the French government €24bn. Until the end of this year, gas prices will remain frozen and price increases for electricity will be capped at 4%. At the start of next year, electricity and gas price increases for households will be capped at 15%.