Austria announces €6bn package to address cost of living crisis

Austrian Chancellor Karl Nehammer announced the new measures on Tuesday amid spreading voter discontent with his conservative People’s Party’s coalition with the Greens.

Austria's conservative-led government on Tuesday announced a package of measures, which it said would cost €6bn this year, aimed at cushioning the blow to households of the rising cost of living.

The government promised taxpayers as much as €1,000 in cash rebates each and further subsidies to help buffer the effects of soaring inflation.