Bill

2022 - 9 - 5

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Image courtesy of "Dezeen"

Bill Gates and Samsung develop toilet that combusts waste "into ... (Dezeen)

Tech billionaire Bill Gates has partnered with electronics company Samsung to create a prototype toilet for household use that turns solid waste into ashes.

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2 time-management tricks Microsoft's CMO learned from working ... (CNBC)

One of the most valuable lessons Chris Capossela learned from Gates — and one of his secrets for success, he shares — is the importance of time management.

"It's helped me be more strategic about my time management and ratchet down the tasks that were eating up my time." Start with four buckets and dedicate 25% of your workday to each category, Capossela recommends. "When I go through my day, I'm not stressed about what's next or what I'm not doing enough of, because I've proactively planned my calendar for the next year," he says. "The time management techniques I've picked up from him have allowed me to achieve the work-life balance I've always wanted." "Bill had sent an email to the executive team describing what he was looking for, and someone forwarded it to me and said, 'This has your name written all over it, you should apply' … "He's amazing at it," he continues.

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Bill Qian joins Cypher Capital as new Chairman (ZAWYA)

Dubai, UAE:- Following its undeniable success since launch and as part of its expansion strategy, Cypher Capital, a leading multi-strategy crypto investment ...

Cypher Capital is a leading multi-strategy crypto investment firm based in the UAE, covering venture capital, public markets, nodes, mining, etc. Before joining Cypher Capital, Bill was the Global Head of Fundraising, Binance Labs, and M&A for Binance ‒ the largest global crypto platform holding 55% of the global market share, with $34 trillion in transactions in 2021. The hub reflects the company’s vision to contribute to the blockchain community and provide mentorship and guidance to its members. I look forward to working closely with Bill to continue honoring Cypher Capital’s vision, mission, and values.” Bill brings to Cypher Capital more than 15 years of invaluable industry expertise in managing and investing over $20 billion. “I am pleased and privileged to be joining this incredible team that has already accomplished much in this space.

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Image courtesy of "Hindustan Times"

Notice to Centre on plea to revive women's bill in Parliament (Hindustan Times)

A bench of justices Sanjiv Khanna and JK Maheshwari directed a copy of the petition, filed by National Federation of Indian Women, to be served on the ...

The Constitution (One Hundred and Eighth Amendment) Bill, 2008, also known as the Women’s Reservation Bill, was passed by the Rajya Sabha in 2010. We will then consider.” The matter was posted for hearing in the last week of September. We will then consider.”

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Women Reservation Bill: Petition filed in Supreme Court seeking ... (India Legal)

Supreme Court has received a petition seeking reintroduction of Women's Reservation Bill which will provide 33 percent reservation for the women in the ...

In view thereof it is submitted that non introduction of such an important and beneficial Bill, on which there is a virtual consensus of all major political parties, is arbitrary.” It further provided that reservation of seats for women would cease to exist 15 years after the commencement of the amendment Act. The bench has also posted the case for further consideration in the week commencing on September 26.

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Image courtesy of "The New York Times"

California Governor Signs Bill to Regulate Fast-Food Industry (The New York Times)

California will enact a sweeping new approach to regulating fast-food restaurants after Gov. Gavin Newsom said Monday that he had signed a bill to ...

But labor groups argued that the bill was necessary to improve conditions for a vulnerable worker population. They argued that state regulators already had the authority to improve health and safety conditions at fast-food restaurants. Stories like this are possible because of our deep commitment to original reporting, produced by a global staff of over 1,700 journalists who have all dedicated themselves to helping you understand the world. Newsom said in a statement. The council can also issue new labor standards. California will enact a sweeping new approach to regulating fast-food restaurants after Gov.

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On Labor Day, Newsom signs bill-boosting bargaining power of fast ... (KPBS)

The bill, known as AB 257, creates a statewide fast-food council, which will allow workers, employers and government officials to negotiate industry ...

“But sectoral bargaining is a big departure from the typical American approach to labor negotiations.” “I think it’s really exciting,” Gonzalez said. “So they would be better off buying actual groceries.” “I didn’t know about it,” she said during an interview with KPBS in Spanish. The council Newsom is referring to is a statewide fast-food council, which will allow workers, employers and government officials to negotiate industry standards. Zuniga, an immigrant from Mexico, has worked for Kentucky Fried Chicken in National City for the last five years. The law will give the council power to establish a new minimum wage for the fast food industry, but caps it at $22 an hour. “It’s a tough industry where the pay is kind of low,” Alfaro said. “In essence, AB 257 is a proposal to micro-manage the fast-food industry with unelected bureaucrats,” he wrote. “It’s a whole new level of bargaining, it’s a whole new level of coming up with regulations and I think it’s something that could take off; not just for fast-food workers but other industries as well.” “I was new to the United States, and this was my first job.” “I am proud, on Labor Day, to sign that bill and enshrine it in law,”

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Image courtesy of "The Wall Street Journal"

California Governor Signs Fast Food Bill, Opening Way to Higher ... (The Wall Street Journal)

Gov. Gavin Newsom signs bill into law on Labor Day, creating a state council to set minimum fast food wages.

worker in the Bay Area, told reporters that she and her colleagues considered their fight for the bill a “fight between David and Goliath.” The new law applies to fast food restaurants that are part of a chain, with limited or no table service, and where customers order and pay before receiving their food. “California is already the most difficult state in the nation to operate as a restaurateur. [Apple’s Priciest iPhones Take Center Stage as Industry Smartphone Sales Decline](https://www.wsj.com/articles/apples-priciest-iphones-take-center-stage-as-industry-smartphone-sales-decline-11662375601?mod=trending_now_news_1) [Truss to Succeed Johnson as U.K. president, in a message last month. “You can’t charge enough for food to offset what will happen from a labor perspective,” said Greg Flynn, president of Flynn Restaurant Group, which operates franchise brands in 44 states and owns 105 restaurants in California. The head of McDonald’s U.S. Newsom’s past campaigns, said his California stores have some of the highest sales along with the greatest costs among his portfolio. “We know that our fight isn’t over just yet.” In a statement, Mr. California’s current minimum wage is $15 an hour, and is set to increase by 50 cents on Jan. Many restaurant operators said they wouldn’t be able to afford to hike wages so suddenly.

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Gavin Newsom signs fast food bill into law that will raise minimum ... (Business Insider)

The National Restaurant Association says the FAST Recovery Act could raise costs for California fast food restaurants by $3 billion.

But as soon as the authors make commitments, we will be working with the fast food movements and legislators in those states to go public," Kay Henry said during a virtual press conference held Monday morning. The [council](https://a41.asmdc.org/press-releases/20220829-ab-257-fast-recovery-act-swiftly-moves-governors-desk) will establish minimum standards on wages, working hours, and other working conditions related to the health and safety of workers. The FAST Recovery Act impacts about 550,000 fast-food workers in California. [AB 257 , which Newsom signed on Labor Day, ](https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=202120220AB257)creates a 10-member council of fast food workers, franchisees, franchisors, advocates for fast food employees, and representatives from the governor's office. [FAST Recovery Act](https://www.businessinsider.com/california-law-could-raise-wages-at-mcdonalds-starbucks-chipotle-2022-8), unprecedented legislation that gives fast food workers a say on hourly pay and working conditions, including giving them the power to raise the minimum wage next year to $22 an hour. - The FAST Recovery Act could raise the minimum wage for fast food workers to $22 an hour next year.

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California Gov. Newsom signs landmark fast-food workers bill ... (Fox Business)

California Gov. Gavin Newsom has signed a law giving fast food workers more power to set working conditions, despite opposition groups arguing it would ...

"Speaking as a former franchise owner, I would have welcomed this inclusive process, that in reality benefits not only the worker but franchisee as well," he said. [WHITE CASTLE'S 1921 SLIDER LINEUP ADDS NEW BURGERS FOR LIMITED TIME](https://www.foxbusiness.com/lifestyle/white-castles-1921-slider-lineup-adds-new-burgers-limited-time) Given, the final version of the bill removed many expressed concerns of subpoena power and joint-liability." [CLICK HERE TO GET THE FOX BUSINESS APP](https://www.foxbusiness.com/apps-products) [minimum wage increases](https://www.foxbusiness.com/category/minimum-wage) for fast food workers at chains with more than 100 restaurants at $22 an hour next year, compared to the statewide minimum of $15.50 an hour, with the cost of living increases thereafter. "Today's action gives hardworking fast food workers a stronger voice and seat at the table to set fair wages and critical health and safety standards across the industry," Newsom said.

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California governor signs fast-food bill with potential $22 an hour ... (UPI.com)

California Gov. Gavin Newsom signed a landmark bill into law Labor Day that could boost the state's minimum wage for fast-food workers to $22 an hour next ...

"This bill is a fork in the eye to franchise owners and customers at a time when it hurts most." "The expected higher wage mandates alone could raise costs for California quick-service restaurants by $3 billion and that cost will likely spread to struggling independent restaurants as well," Sean Kennedy, the NRA's EVP of public affairs, said in a statement. 29, the restaurant industry has blasted the measure saying it will increase fast food prices and hurt smaller franchise operators. Together, the 10-member council will determine pay, hours and working conditions for fast-food restaurants with more than 26 employees throughout California. [Gavin Newsom](https://www.upi.com/topic/Gavin_Newsom/) signed a landmark Labor Day bill into law Monday that could boost the state's minimum wage for fast-food workers to $22 an hour next year, despite loud protests from the restaurant industry. "I'm proud to sign

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Image courtesy of "The Washington Post"

Newsom signs law with sweeping protections for California fast-food ... (The Washington Post)

California Gov. Gavin Newsom (D) on Monday signed a bill that increases protections for fast-food workers in the state, creating a council to set an ...

(Holden was a Subway franchise owner in the early 1990s.) Such an increase could cause prices to rise between 13.6 and 17 percent, according to the UC Riverside analysis. [report](https://assets.website-files.com/5ddc262b91f2a95f326520bd/5e3096b9feb8524936752fe0_CleanSlate_SinglePages_ForWeb_noemptyspace.pdf) by the Harvard Law School project Clean Slate for Worker Power noted that franchising models often create environments in which the individual franchise owner negotiates with the union, rather than the union negotiating with the larger corporation. The legislation caps the 2023 fast-food minimum wage at $22. The California law is widely seen as a step toward sectoral bargaining, which involves industry-wide negotiations, rather than talks between individual unions and employers. “For years, the fast food sector has been rife with abuse, low pay, few benefits, and minimal job security,” the bill’s authors wrote.

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Truss 'plans £40bn aid for companies' in energy bill support ... (The Guardian)

Sterling recovers from its lowest level since March 2020 as Liz Truss considers an energy price freeze package including help for businesses.

Truss, who will be appointed by the Queen today, is ready to cap the cost of gas used for electricity and heating. Hard choices rather than wishful thinking are required to boost long-term growth potential of the British economy and maintain confidence in the monetary and fiscal policy framework. However, we think fears of unfunded tax cuts and energy subsidies precipitating a fiscal collapse are not justified. If investor confidence erodes further, this dynamic could become a self-fulfilling balance of payments crisis whereby foreigners would refuse to fund the U.K. having recourse to an IMF loan in the mid 1970s. Bell says it will be hard to avoid a recession in Europe, given the scale of the energy price rises. Like many other central banks, the Bank of England has been guilty of being too late to respond to the inflation threat. We have no option but to put it on the table given the huge overnight increase in energy costs. Plans to look again at the Bank of England’s mandate have clearly unsettled some and left the pound with another headwind. “Activity weakness was broad-based in August, with none of the three monitored categories immune to the wider slowdown. Officials are in the process of drafting emergency legislation. Truss is considering two options, either setting a guaranteed unit price that businesses will pay, or a percentage or unit price reduction that all energy suppliers must offer firms, according to documents seen by Bloomberg.

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Liz Truss could announce £100b two-year energy bill freeze on ... (Metro)

It would likely see the Government subsidise the cost of gas being bought by suppliers and electricity generators. This would result in the price cap remaining ...

[Liz Truss](https://metro.co.uk/tag/liz-truss/?ico=auto_link_news_P2_LNK1)’ ministers reportedly held talks with energy bosses last night to work out the terms of the freeze, which could be unveiled as soon as Thursday. [check our news page](https://metro.co.uk/news/). [Find out more »](https://metro.co.uk/news-updates-newsletter/) [named ‘a catastrophe’](https://metro.co.uk/2022/09/05/martin-lewiss-face-says-everything-when-ex-tory-mp-shares-energy-tips-17299225/). [terrifying warnings that some will die](https://metro.co.uk/2022/08/29/martin-lewis-gives-warning-on-energy-bills-after-price-cap-bombshell-17259445/). [The Times](https://www.thetimes.co.uk/article/tory-leadership-election-results-2022-liz-truss-rishi-sunak-next-prime-minister-live-d7d5rdcjn) reports.

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Governor Newsom signs fast food bill into law (New Food)

The Fast Food Accountability and Standards Recovery Act has been signed into law by Governor Gavin Newsom, though not without opposition.

“This bill is a fork in the eye to franchise owners and customers at a time when it hurts most. Could we soon see similar bills passed in the likes of New York, Massachusetts or Oregon? I’m proud to sign this legislation on Labor Day when we pay tribute to the workers who keep our state running as we build a stronger, more inclusive economy for all Californians.”

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What is an energy bill freeze and how would it work?... (The Sun)

LIZ Truss is expected to freeze energy bills for households and businesses within days.Yesterday, she was crowned the new Tory leader and today will b.

Yesterday, wholesale gas prices rose 10%, after Russia said it would not resume operations until the “collective West” lifted sanctions. [Liz Truss ](https://www.thesun.co.uk/who/liz-truss/)said yesterday in her speech in front of Conservative MPs: “I will deliver on the energy crisis dealing with people’s energy bills, but also dealing with the long-term supply.” The price cap is currently expected to rise on October 1 to £3,549 - a rise of 80%. It’s unclear how the cap will be funded, but one source suggested that cash will come partly as a loan to energy firms provided by banks, backed by the Treasury. Her first job is easing the crippling cost of soaring energy bills for millions of homes and businesses. [Tory leader](https://www.thesun.co.uk/news/politics/19713407/boris-johnson-brands-himself-a-booster-rocket/) and today will be appointed as prime minister by the Queen at Balmoral.

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Liz Truss 'plans £40bn energy bill package for businesses' (The Independent)

New PM said to be preparing 'major intervention' for firms alongside £130bn freeze on household bills.

We’re going to move to bits of policy intervention that all of us thought would never be needed.” Saying desparate firms would welcome a cap from the Truss government, Ms McKenzie said one pub in Tyne and Wear had seen energy bills shoot up from £32,000 to £135,000. The Resolution Foundation’s Torsten Bell said capping prices could be “messy”, but would help control inflation. According to The Times, Ms Truss is considering freezing household energy bills at around £2,500 for the 18-month period. Tina McKenzie, policy chief at Federation of Small Businesses (FSB), told the business and energy select committee on Tuesday that many firms’ energy bill contracts were coming to an end at October. [Terms of use,](https://www.independent.co.uk/service/user-policies-a6184151.html) [Cookie policy](https://www.independent.co.uk/service/cookie-policy-a6184186.html) and [Privacy notice.](https://www.independent.co.uk/service/privacy-policy-a6184181.html) they cannot afford to pay 400 per cent or 500 per cent increase in bills.” She is said to have accepted this would not be enough after discussions with senior officials. [Privacy policy](https://policies.google.com/privacy?hl=en) and [Terms of service](https://policies.google.com/terms?hl=en) apply. [Rishi Sunak](https://www.independent.co.uk/topic/rishi-sunak), the new Tory leader has flown to Balmoral where she will be formally invited by [the Queen](https://www.independent.co.uk/topic/the-queen) to form a government. Dhara Vyas from Energy UK – umbrella body for the big energy companies – said reports of a loan scheme to freeze household gas and electricity bills were “sort of in the ballpark” of a deficit tariff scheme proposed by the group last month. [Kwasi Kwarteng](https://www.independent.co.uk/topic/kwasi-kwarteng) – set to be named chancellor – has already said support would help people “through this winter and the next”.

Governor Newsom Signs Legislation to Improve Working Conditions ... (Office of Governor Gavin Newsom)

SACRAMENTO – On Labor Day, Governor Gavin Newsom today announced that he has signed landmark legislation to empower fast-food workers with new wage and ...

Last year, the Governor signed legislation to protect [warehouse workers](https://mclist.us7.list-manage.com/track/click?u=afffa58af0d1d42fee9a20e55&id=038d247dc7&e=4445b5a765)from unsafe production quotas and nation-leading legislation to end exploitative piece-rate compensation for [garment industry workers](https://mclist.us7.list-manage.com/track/click?u=afffa58af0d1d42fee9a20e55&id=11c70d5b5a&e=4445b5a765). In 2019, the Governor signed legislation giving [child care workers](https://mclist.us7.list-manage.com/track/click?u=afffa58af0d1d42fee9a20e55&id=f2a8589512&e=4445b5a765)the right to join a union and collectively bargain with the state. The Governor also signed a [measure](https://mclist.us7.list-manage.com/track/click?u=afffa58af0d1d42fee9a20e55&id=63e0810ba1&e=4445b5a765)directing Cal/OSHA to create an advisory committee to recommend state policies to protect domestic workers and a bill to ensure that workers with disabilities are paid a fair wage. For full text of the bill, visit: [http://leginfo.legislature.ca.gov](https://mclist.us7.list-manage.com/track/click?u=afffa58af0d1d42fee9a20e55&id=6eb5c471fc&e=4445b5a765)Under the Newsom Administration, California has made important strides to support workers and advance workplace safety. [Watch a video message from the Governor here.](https://mclist.us7.list-manage.com/track/click?u=afffa58af0d1d42fee9a20e55&id=61a6ce6765&e=4445b5a765)AB 257, the Fast Food Accountability and Standards Recovery Act by Assemblymember Chris Holden (D-Pasadena), authorizes the creation of the Fast Food Council comprised of representatives from labor and management to set minimum standards for workers in the industry, including for wages, conditions related to health and safety, security in the workplace, the right to take time off from work for protected purposes and protection from discrimination and harassment. “Today’s action gives hardworking fast-food workers a stronger voice and seat at the table to set fair wages and critical health and safety standards across the industry.

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Image courtesy of "The Guardian"

Liz Truss expected to freeze energy bills in tax-funded scheme (The Guardian)

Addition of £400 discount would effectively keep price cap at current rate of £1971.

Investec analyst Martin Young said: “Getting the new measures in place quickly will be paramount but they need to consider any holes. Adding complexities drives more calls to the call centres, like we saw on the meter reading day [ But Truss has ruled out a windfall tax to cover the multibillion-pound cost. An executive at one large supplier said: “At this point it’s all about the art of the possible. They added: “She hadn’t made her mind up yet and different people were trying to bounce her into their plan.” Critics had warned it could be difficult to justify when energy firms were making huge profits.

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Image courtesy of "Reuters"

Truss to freeze household energy bills with subsidy: source and ... (Reuters)

Britain's new prime minister Liz Truss is planning to freeze household energy bills at broadly the current level this winter using government-backed loans ...

A government spokesperson said on Monday that preparations were being made to ensure any additional support can be delivered as quickly as possible. Register now for FREE unlimited access to Reuters.com

Bennet barnstorms farms ahead of farm bill, election (Politico)

Sen. Michael Bennet and his staff will hold at least a dozen more farm bill listening sessions in Colorado, building on the 17 he has already held.

She most recently worked at the National Cattlemen's Beef Association and was previously a lobbyist for the Russell Group and an aide to former Rep. Public comments for a [proposed rule](https://subscriber.politicopro.com/article/2022/08/advocates-usda-warn-against-industry-coercing-chicken-farmers-to-oppose-transparency-rule-00052750) requiring greater transparency and fairness in chicken contracts have closed, but USDA is still accepting public comments on the tournament system, which ranks farmers against each other based on efficiency, adding bonuses or docking pay accordingly. Who is McKalip?: A 29-year veteran of the USDA, McKalip currently serves as a senior adviser to Ag Secretary Tom Vilsack. “It will take a change in the White House to a pro-free trader president” for Truss to unlock a trade deal, said Luke Coffey, a former U.K. The Biden administration and Tai have emphasized enforcing existing trade deals before striking new ones — which has invoked the ire of the GOP and ag groups seeking expanded markets for U.S. Context: Truss, who served as foreign secretary for the outgoing Prime Minister Boris Johnson and was the country’s trade minister during the Trump presidency, was a strong proponent of a U.S.-U.K. A deal with the U.S. Trade Representative office will likely advance from the Senate Finance Committee when they meet on Wednesday. [Inflation Reduction Act](https://legislation.politicopro.com/bill/US_117_HR_5376) for drought resilience, and his office says he remains in negotiations with Sen. [announced a new slate of farm bill listening sessions ahead of the 2023 farm bill. The Colorado Democrat is among the most vulnerable senators up for election in the midterms. — Doug McKalip, the nominee for chief agricultural negotiator at the U.S.

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Image courtesy of "Sports Illustrated"

Minnesota Wild GM Bill Guerin discusses Kirill Kaprizov's 'stressful ... (Sports Illustrated)

Getting Kirill Kaprizov the credentials he needed to return from Russia took some help from friends in Washington, D.C..

"We have a bunch of players that are in spots where they really have to prove themselves and they really want to have good years. "We want to give players an opportunity but it’s extremely hard when you have a roster that’s almost set," Guerin explained. Guerin added that he feels that his roster is in "a great spot" coming into training camp and the team has the flexibility to improve later in the season. A pair of players that have the most to gain are first-round picks Marco Rossi and Jesper Wallstedt. "We kind of had to make a business decision and you know how valuable cap space is in today’s day and age and especially in our situation, we just feel that we still have enough good defensemen." He started the season without a goal in his first eight games but turned it on to finish with a franchise-record 47 goals.

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Image courtesy of "Telegraph.co.uk"

Truss's energy bill freeze to bring inflation back under control, say ... (Telegraph.co.uk)

Liz Truss' plans to freeze energy bills for UK households will bring inflation back under control, economists have said.

The price cap was due to jump 80pc to £3,548 a year from October. Liz Truss has finalised plans for a new system that will prevent the sharp rise in the energy price cap from October. All the scenarios predict a toughening of sanctions, with more countries likely to join them. The currency has fallen for three straight months. Go-Ahead is the largest bus operator in London and runs services elsewhere in England. Incoming Prime Minister Liz Truss has drafted plans to freeze energy bills for UK households. The pilots of both passenger and cargo aircraft were due to begin a walkout at midnight. The watchdog handed down a fine of £30,000. JP Morgan is understood to be wargaming options such as shifting work from its Frankfurt base to London and other European offices if Germany is plunged into darkness. Cargo plane pilots plan to strike for an additional day, the union said. New orders dipped by 1.1pc from a month ago, according to federal statistics agency Destatis. He said it would lead to inflation peaking at 11pc next month, rather than 14.5pc in January as currently forecast.

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Image courtesy of "BBC News"

UK to borrow billions to cut energy bills (BBC News)

It's understood that energy bills could be capped at around £2500, with full details expected on Thursday.

That could lead to rationing, he suggested, and would mean high-income households would benefit by a much larger amount than those at the lower end. Many fixed-rate deals for business expire this October, exposing thousands of firms to full costs that could rise by four or five times or more. The cost of UK government borrowing hit its highest level for eight years on Tuesday, with the yield on ten-year bonds rising above 3%. "The scope and reach of the help is going to be absolutely crucial to save hundreds of thousands of small businesses this winter." That reflects the market's expectation that the government will have to borrow more and means any future borrowing will be more expensive. "Then this starts being baked into public spending long-term."

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Image courtesy of "BBC News"

Liz Truss set to cut energy bills for millions (BBC News)

It is understood that a typical household energy bill could be capped at around £2500.

That could lead to rationing, he suggested, and would mean high-income households would benefit by a much larger amount than those at the lower end. Many fixed-rate deals for business expire this October, exposing thousands of firms to full costs that could rise by four or five times or more. The cost of UK government borrowing hit its highest level for eight years on Tuesday, with the yield on ten-year bonds rising above 3%. "The scope and reach of the help is going to be absolutely crucial to save hundreds of thousands of small businesses this winter." That reflects the market's expectation that the government will have to borrow more and means any future borrowing will be more expensive. "Then this starts being baked into public spending long-term."

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Image courtesy of "Bloomberg"

Liz Truss's Energy Bill Rescue May Mean UK Inflation Has Peaked (Bloomberg)

Britain's inflation rate may already have passed its peak if Prime Minister Liz Truss moves ahead with her plans to freeze energy bills for households and ...

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MPs voice frustration at delays in tabling bill to regulate working from ... (Cyprus Mail)

MPs on Tuesday voiced exasperation at the government's delay in tabling a bill that regulates remote working, while the employers and industrialists ...

For their part, the Employers and Industrialists Federation (OEV) asked that the bill not be submitted to parliament for the time being. Answering questions, the official said the bill is modeled on comparable legislation adopted in Greece. Head of the Department of Labour Relations at the ministry of labour Andis Apostolou said the draft bill is still being vetted by the attorney-general’s office.

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Image courtesy of "The Independent"

What support is expected on energy bills? (The Independent)

Details on the plans are still limited, but reports seem to suggest that it could involve freezing household energy bills and providing extra support to ...

Demand will be higher up the price curve than it otherwise would have been.” “The problems with it are twofold. Although as winter is coming bills are still likely to go up. It’s a loan.” The other potential downside is that lower bills mean that people will not reduce their energy use, which could make it necessary to ration energy in order to avoid blackouts. Whether the Government decides to continue to propping up energy bills for that long remains to be seen. Reports differ, but the bill will have to be picked up by either the taxpayer or the bill payers. – How long will the support last, and how much will it cost? On Tuesday a Government source confirmed a report in the Times that suggested that bills will be capped at £2,500 and the £400 will still be taken off. The cost of the policy is thought to be around £90 billion and will come out of general taxation, rather than coming off energy bills. Details on the plans are still limited, but reports seem to suggest that it could involve freezing household energy bills and providing extra support to companies. The Government has still not revealed what it plans to do about bills this winter.

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