Evening Update Thursday 17 November 2022

The Monaco government has announced a tariff shield and measures to control energy consumption. The tariff shield will be applied from January 1 , 2023. It will cap the rate of increase in energy prices at 15% for households and small businesses and 35% on the yellow tariff and 45% on the green tariff for large companies and large consumers. Monaco Minister of State Pierre Dartout said that in the absence of the shield consumers would have had to suffer an increase of 75% on average for electricity prices. The cost to the state of the measures is estimated at €30 million. Gas is not concerned by these measures insofar as the national operator, SMEG, has provisioned all purchases for the year 2023.

The Minister of State also announced that it had been decided, in consultation with the Town Hall to replace the ice rink on the Quai Albert Ier by a roller track because it would be more energy efficient. He said that the Société des Bains de Mer is doing the same by replacing the ice rink initially planned for the Place du Casino.

The number of winter accommodation places for homeless people in the Var has been increased. The increase makes it possible to receive all people who ask to be sheltered in the event of freezing temperatures. The additional resources change according to the temperature at night and the demand for places. The Prefect of the Var held a meeting today with staff responsible for the operation of the system.

Over a hundred union members demonstrated in front of the prefecture in Marseille this morning. Members of the Force Ouvriere union were demanding salary increases because of the rising cost of living.

Two investigations have been opened into a widespread scam which involves receiving a phone call or a text claiming to be about a "compte personnel de formation" or professional training account. Fourteen people have been taken into custody on suspicion of involvement in the scam which is thought to have caused a total loss to victims of 8.2 million euros.

Nice Mayor Christian Estrosi has officially opened the Eden Roch residence in the east of the city this morning. He said that it is a "new stage in the urban renewal of the historic district of Saint-Roch" with 1,000 square metres of green spaces. On Saturday 26 November the city will also deliver the large Saint Jean d'Angely tree-lined garden, where the mayor said "a vast area of ​​breathing space and greenery" replaces the 4,380m² of bitumen of the old car park and a degraded space.

 

BUSINESS

The UK chancellor Jeremy Hunt has announced tens of billions of pounds in tax rises and spending cuts in the Autumn Statement. Amongst a wide range of measures, he announced a freeze on income