POLITICSFINANCIAL TIMES WORLD
EU to relax budget rules to allow energy spending
The EU plans to relax budget rules to permit increased energy spending. A proposed buffer aims to offset higher costs caused by the Iran war while maintaining compliance with deficit limits.
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Adjacent reporting
- EU plans to cut electricity taxes to shield households from Iran war energy crisis
- Italy’s Meloni Asks EU for Budget Flexibility Over Energy Costs
- Reeves gives more energy bill support to businesses as Iran war pushes up costs
- Rachel Reeves’s fiscal rules buffer should be ‘significantly larger’, say peers
- High electricity bills targeted in planned shakeup to energy pricing
- Jim Chalmers rules out fuel excise extension and downplays hopes for tax relief in ‘most responsible’ budget yet