Tax Cuts Considered Amid Economic Pressures; Electoral Law Faces Scrutiny
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The Italian government is reportedly weighing tax cuts on income tax (Irpef) for three million middle-class citizens, a move that credit rating agency Moody's suggests could affect the country's financial stability. This comes as an analysis highlights a 10% drop in purchasing power due to inflation and the 'shadow economy' amounting to nearly 200 billion euros annually.
Meanwhile, fuel prices are a key concern, with the discount on excise taxes halved, leading to an increase in diesel prices. Energy company Eni has announced a cap on fuel prices for a month, aiming to mitigate the impact on consumers.
The political landscape is also seeing significant developments, with a new poll indicating stable support for the Brothers of Italy, a decline for Forza Italia and the Lega, and the Democratic Party falling below 20%. The new electoral law is under scrutiny for potential unconstitutionality and its possible reduction of women in parliament, while a school decree has introduced fines for parents not studying Italian.