Governments should raise taxes to support energy bills – ECB’s Lane

Philip Lane
Philip Lane

Eurozone governments should use taxation rather than borrowing to finance their support for consumers hit by energy prices, the European Central Bank’s chief economist said.

They should consider raising taxes on high earners and on companies benefiting from the energy price boom, Philip Lane told Austrian newspaper Der Standard. Both workers’ wages and firms’ profits will have to fall in the near term, Lane warned in an interview published today (September 27).

If that did not happen, the ECB

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