129 Spanish Prime Minister Pedro Sánchez has announced another €10bn (£8.8bn) in support to address rising prices following Russia’s invasion of Ukraine. The government would “protect the middle class and workers amid the rise in the cost of living, energy and food”, he said. The proposals include cuts to VAT and a €200 one-off payment for millions of households on less than €27,000 a year. It’s Spain’s third set of aid measures and brings total support to €45bn. Spain has succeeded in bringing down inflation in recent months to 6.8%, the lowest annual rate in the European Union and the lowest figure since the Russian invasion of Ukraine in February 2022. But food price inflation is far higher. You Might Be Interested In Safer oil salvage is ‘excellent example of international cooperation,” Saudi envoy tells Security Council US, UK, and Germany Urge Citizens to Leave Lebanon Amid Escalation Fears in Israel-Hamas Conflict Erdogan meets Palestinian president, Hamas leader in Ankara NATO slams Russia’s ‘dangerous’ Black Sea grain block PM Anwar, Hong Kong Chief Executive John Lee hold meeting Sweden’s Real Estate Market in Freefall as House Prices Plummet