we start here in the uk, where in the next few hours prime minister liz truss will unveil a multibillion pound plan to protect consumers and businesses from soaring energy prices. typical household energy bills could be capped at around 2,500 pounds a year, with companies also likely to get help. but the cost of subsidising bills is likely to be astronomical. the prime minister has ruled out tax increases, and further windfall taxes on energy firms. so, it could mean extra government borrowing of at least a hundred billion pounds. our business editor simonjack has more. heat means energy means bills, huge bills. this woman employs so many people at her glassblowing business but won t belong without an edgy lifeline. ~ , belong without an edgy lifeline. y , ., belong without an edgy lifeline. g , ., lifeline. my staff are terrified lifeline. my staff are terrified not - lifeline. my staff are terrified not only - lifeline. my staff are terrified not only fori lifeline. my
Scenario and that is a very on top of the agenda of investors when it comes to geoPolitical Risk because nobody really knows whats going to happen there there will be talks in the next days to actually come down the situation but for now the risk is to very high that there might be some escalation but also the Political Risk again back on the agenda if you have italian elections once again in europe again a test where the Populist Party might make it on top of a government there and also in danger of the Eurozone Project in a way we have elections in russia and then also in other countries and. Top of investors with concentrate also on a plethora of i. P. O. s coming to the markets im advised both in frankfurt thank you so much. Its been rough times for german carmakers lately fox
wagons diesel gate Scandal Cheating on Emissions Tests and making false promises to customers has put quite a dent into the image of some big names in the business how has this scandal changed the industry an
pressure anyway. in europe we have a special rest, every country is borrowing in the same market at its own risk. some are perceived riskier than others. thinking greece and italy. as the ecb is raising interest rates, therefore costs rise more and those countries which are considered safe such as italy. that causes challenges for the occasion of the europe area and easy. i the europe area and easy. i want to pick up on that. the ecb, the eu lacks a full physical banking and capital markets union. there are people who are already buffeting on this, widening the yield between the different euro area and government bonds. dealing is possible that the investors of the world could pull the eurozone project apart? the of the world could pull the eurozone project apart? eurozone pro ect apart? the ecb itself has eurozone project apart? the ecb itself has created eurozone project apart? the ecb itself has created a eurozone project apart? the ecb itself has created a backstop, i itself ha
scenario and that is a very on top of the agenda of investors when it comes to geopolitical risk because nobody really knows what s going to happen there there will be talks in the next days to actually come down the situation but for now the risk is to very high that there might be some escalation but also the political risk again back on the agenda if you have italian elections once again in europe again a test where the populist party might make it on top of a government there and also in danger of the eurozone project in a way we have elections in russia and then also in other countries and. top of investors with concentrate also on a plethora of i.p.o. s coming to the markets i m advised both in frankfurt thank you so much. it s been rough times for german carmakers lately fox
usual, no agreement on how to pay for it. candy crowley is cnn s chief political correspondent and anchor of state of the union. political theater aside, you think congress will eventually get this done? i absolutely think congress will eventually get this done. particularly because we have seen republicans now saying we even the senate republican leader mitch mcconnell said even if you don t believe that this actually helps the economy, it certainly will help the people that get the break from their payroll taxes. this is just not you don t want to go home at christmas and having raised everybody s taxes. not going to happen especially when it is your point of view that you are never going to raise taxes on anyone for any reason. that s a little hard to square that. also with us this morning, former new york times columnist, distinguished senior fellow. stephen moore, editorial writer at the wall street journal. candy dealt with, you know, whether congress will e