Governments around the world scramble to fight cost-of-living crisis

With the EU set to unveil emergency measures to cut energy consumption, governments have already taken action to offer relief to hard-hit consumers and companies

The Government here is preparing a package of measures to help households and businesses survive the cost-of-living crisis

Pandemic-related disruption to global supply chains and the knock-on effects of Russia's war in Ukraine have combined to drive up prices of energy, commodities, and basic necessities across the globe.

The EU is set to unveil new emergency measures, including a windfall profit levy on energy firms and mandatory targets for member states to cut electricity consumption this winter.