23.1 C
Dubai
Thursday, November 28, 2024
spot_img

World News | Scotland introduces rent freeze to tackle soaring costs

[ad_1]

LONDON, Sept. 6 (AP) The Scottish leader said Tuesday she will introduce emergency legislation to immediately freeze rents to protect tenants as part of a response to Britain’s cost of living crisis.

First Minister Nicola Sturgeon said the emergency law would “give people security on roofs this winter by moratoriuming on evictions.” It would also include provisions for tenants in the private and public rental markets Offers measures to freeze rent.

Also read | Sheikh Hasina India visit: India and Bangladesh sign seven MoUs.

“The Scottish government has no power to stop your energy bills from skyrocketing, but we can and will act to make sure your rent doesn’t go up,” Sturgeon said.

She added that the measure meant rents in Scotland would be frozen from Tuesday until at least March 2023. Nor will rail fares in Scotland rise over the same period, Sturgeon said.

Also read | Five Pakistani army personnel were killed in intelligence operations in the North Waziristan tribal area.

Her statement coincided with Lizzie Truss, who was named Britain’s new prime minister on Tuesday. Truss took office on Tuesday afternoon after winning a leadership contest for the ruling Conservative Party.

Truss, who inherited a struggling economy from her predecessor Boris Johnson, is under pressure to deal with a deepening crisis, largely caused by rising gas and electricity bills. Truss has pledged immediate action to help those whose costs have soared, but has yet to release any details.

Under its decentralized government, Scotland makes some of its own laws, but most matters of fiscal policy are decided by the central government in London. (Associated Press)

(This is an unedited and auto-generated story from the Syndicated News feed, the body of the content may not have been modified or edited by LatestLY staff)



[ad_2]

Source link

Related Articles

EU Strengthens Financial Oversight: New Regulations to Enhance Transparency and Combat Money Laundering

EU is moving towards implementing tighter financial regulations, reflecting a growing emphasis on improving transparency and combatting illicit financial activities. This push for stricter oversight...

PM Modi Strengthens Global Ties: Successful Three-Nation Tour Boosts India’s International Influence.

PM Modi Triumphant Return: Strengthening Global Ties with Successful Three-Nation Tour covering Nigeria, Brazil, and Guyana. Prime Minister Narendra PM Modi has returned to India...

Chile Leads the Way in Green Energy: Solar and Wind Power Now Generate 44% of the Nation’s Electricity

Chile has taken a significant leap forward in its pursuit of sustainability, with solar and wind power now generating 44% of the nation’s electricity. This...

UAE Operation ‘Chivalrous Knight 3’: Over 121 Aid Shipments Delivered to Gaza Amid Humanitarian Efforts

UAE has reinforced its dedication to humanitarian relief through the ongoing effort known as Operation ‘Chivalrous Knight 3.’   This initiative has seen the UAE dispatch...

BRICS+ Set to Outpace G7 by 2026: A New Era of Economic Power and Global Influence

BRICS+ group, consisting of Brazil, Russia, India, China, and South Africa, alongside a handful of newly integrated nations, is on the brink of a...

Latest Articles