the Spanish government and the Swiss National Bank take measures against inflation

Spain is going to put the richest to work. A new tax will be put in place to tax the wealthiest, in order to curb the consequences of inflation. “The measure will come into force on January 1, 2023. It will be a transitional measure, the circumstances will tell us if it is necessary to extend it”, detailed the Spanish Minister of Finance. The government also wants to counter the tax war launched by Andalusia, which has decided to abolish its local wealth tax.

Switzerland is also taking measures to deal with inflation. The National Bank has decided to raise its rate by 0.75%. It is only the second time in 15 years that she has resigned herself to such a measure. And it might not stop there: other rate increases could take place. Finally, in Italy, pasta is threatened by inflation. In a factory that operates day and night, energy bills have skyrocketed. Electricity went from 8,000 to 39,000€ per month?. Result: the price of pasta has increased by almost a quarter. Some fear that the plant will eventually have to shut down.