By Laura Kemp • 01 September 2021 • 15:52
Sanchez has announced a bonus of €400 for young people. Image: Pedro Sanchez / Twitter
Spanish Prime Minister Pedro Sanchez has said that his government wants an “immediate” increase in the minimum wage this year for workers as the economy is growing and the cost of living is increasing.
“There won’t be an economic recovery if it isn’t a fair recovery, if it doesn’t reach all levels of society,” the prime minister said at a conference in Madrid today, Wednesday, September 1.
The minimum wage in Spain is currently 950 euros a month.
Last year, Spain suffered the biggest dip in its economy in the eurozone and is now set to be one of the recipients of the most European Union recovery funds. This money will assist the country in closing some economic gaps that have been longstanding between wealthier countries in the north.
The government expects that the unemployment rate will be 15.2 per cent by the end of 2021, according to Economy Minister Nadia Calvino, who made the claim on July 27.
An economic growth of 7 per cent has been predicted for 2022, in comparison to a 6.5 per cent growth this year.
Sanchez also reaffirmed that his government will continue acting within EU rules to address high energy prices. This September 1, a new energy label will start appearing on lamps sold across the EU. The revised label is a great improvement for consumers, who will get clearer and more helpful information on how energy-efficient lamps are.
Lighting products are following in the footsteps of other electrical appliances that have been benefitting from the new energy label since March 1 this year, fridges, freezers, washing machines, ovens, and TV sets.
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Originally from UK, Laura is based in Axarquia and is a writer for the Euro Weekly News covering news and features.
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