High gas prices, exacerbated by US involvement in a conflict with Iran, are impacting truck drivers and the broader economy. Analysts predict prices will remain elevated, affecting upcoming US midterm elections and voter sentiment towards the Trump administration.
High gas prices, exacerbated by US actions against Iran, are straining truckers and impacting voter sentiment ahead of US midterm elections. Drivers face significant increases in fuel costs, affecting their livelihoods and potentially influencing election outcomes.
The Italian government has approved a decree-law to strengthen tax credits for truckers, allocating an additional 200 million euros. Measures also include evaluating a temporary suspension of tax payments for the sector. For agriculture, 100 million euros are allocated for fertilizers and agricultural diesel, with tax credits of 30% and 20% respectively. A reform of tax justice has also been approved.
The Italian Council of Ministers approved a decree to combat high fuel prices, releasing €200 million for excise duty reimbursements and lifting the truckers' strike scheduled for May 25-29.
The Italian Council of Ministers approved a decree to combat high fuel prices, releasing €200 million for excise duty reimbursements and lifting the truckers' strike scheduled for May 25-29.
The Italian government has approved new measures including a €300 million credit for truckers, a €100 million fund for farmers facing rising costs, and a judicial reform for tax courts. Additionally, plans are underway to support property owners affected by natural disasters.
The Italian government has extended the fuel excise tax cut for two more weeks until June 8 and granted €300 million in tax credits to truckers, leading to the suspension of a planned strike. Measures aim to address high fuel costs impacting the transport sector.
The Italian government has approved new measures to support the trucking and agricultural sectors, including tax credits and financial aid. A reform of tax justice and territorial safety programs were also greenlit.
The Italian government has extended fuel tax cuts until June 8 and granted €300 million in tax credits to truckers, leading them to suspend a planned strike. Measures aim to address high fuel costs impacting the transport sector.
A Bristol haulage firm calculates the US-Iran war has added £100,000 to its fuel bills, with March £45,000 over budget and April projected £60,000 over. Carers and 1.5m UK homes heating by oil are also hit hard, with heating oil prices doubling from 60p to over £1.20 per litre. The Food and Drink Federation predicts food inflation could reach 9% by December as transport costs rise.
