SPÖ chairman Babler calls for a master plan against inflation: freeze rents and suspend VAT on basic foodstuffs

Gemäß einem Bericht von www.derstandard.de, will SPÖ-Obmann Andreas Babler zur Verfassung greifen, um gegen die langsam sinkende Inflation vorzugehen. Die SPÖ plant, auf dem Bundesparteitag einen „Masterplan gegen die Teuerung“ zu beschließen, der „leistbares Leben“ verfassungsrechtlich verankern soll. Als Sofortmaßnahme sollen Mieten eingefroren und die Mehrwertsteuer auf Grundnahrungsmittel ausgesetzt werden.

Impact on the market and the financial industry

The SPÖ's initiatives could have various effects on the market and the financial sector.

Impact on the real estate market

Freezing rents could provide short-term relief for tenants as their housing costs remain stable. However, in the long term this can lead to a lack of investment in housing as landlords have less incentive to invest in their properties. This could lead to a decline in housing supply and further exacerbate the housing shortage. This could also have an impact on the value of real estate and the profitability of real estate investments.

Impact on retail and food industries

The suspension of VAT on basic foodstuffs could lead to relief for consumers as food costs would fall. However, this could have a financial impact on retailers and the food industry as they would face reduced revenue. It is possible that this could result in reduced profitability and possibly store closures.

General impact on the market

The constitutional changes and measures against inflation could lead to uncertainty on the Austrian market. Companies and investors may be wondering what further regulatory changes they may face and how this might impact their businesses. This could lead to caution in investments and a potential slowdown in economic activity.