The government is neither willing nor able to address the consequences of price hikes

 

AKEL proposes another tool to support society and the economy

30 September 2022, AKEL C.C. Press Office, Nicosia

Cyprus is ranked at the bottom of the EU countries in dealing with the issue of price hikes. According to figures published yesterday by the newspaper “Financial Times”, Cyprus ranks at the bottom of the table on the amount of public spending to support households and businesses from the increased cost of energy.

The figures are proof of what society has been living and experiencing all this time. That it faces a government that is neither willing, nor able to address the consequences of price hikes. This is a government that dogmatically insists on putting obstacles in the way of measures that should be taken to relieve society from increases in fuel and electricity prices.

Society cannot withstand any more excuses. That is precisely why AKEL has proceeded to table two legislative proposals for a tax on the super profits recorded in the energy sector in order to provide another tool to support households and businesses that are being brought to their knees by price hikes. This is a tool already applied by Greece and Italy, a measure proposed by the UN Secretary General himself to states all over the world, a proposal that everyone around the world recognises should be discussed.

Everyone that is except the government and the ruling DISY party in Cyprus.