Spain's $3bn plan to tackle high energy prices
CGTN Europe
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1m 2s
Prime Minister Pedro Sanchez's left-wing coalition has decided to transfer just over $3bn from the energy sector back to consumers. This will be done through a mixture of price caps and tax relief on bills.
Gayle Allard, professor of economics at Madrid's IE Business School, explains why many economists believe all money made from energy taxes should only be spent on rebates for families who need support.
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