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The Independent UK
The Independent UK
National
Via AP news wire

Spain prepares economic support plan amid energy price spike

Copyright 2022 The Associated Press. All rights reserved

Spain's government is readying a package of emergency economic measures worth 6 billion euros ($6.6 billion) in direct aid and tax breaks and 10 billion euros ($11 billion) in loans for families and businesses affected by the fallout from Russia’s invasion of Ukraine, Prime Minister Pedro Sánchez said Monday.

The emergency plan aims to “protect economic growth and jobs” and is to be unveiled after the government’s weekly Cabinet meeting Tuesday, Sánchez said in a speech to a business conference in Madrid.

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