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TRUTH IS OF NO COLOUR WWW.MALTATODAY.COM.MT Labour cashes in on Raffles SUNDAY • 1 MAY 2022 • ISSUE 1174 • PUBLISHED EVERY WEDNESDAY AND SUNDAY PAGE 10 PHOTOGRAPHY JAMES BIANCHI maltatoday THRIFT-CORE Why the new word in fashion is sustainability PAGES 14-15 €1.95 Laboru Party will earn €220,000 annually from lease for old Admiralty House PAGE 16 'I think there's still a lot to learn from Mintoff on foreign policy' MT2 INTERVIEW Spending cuts as energy hike raises deficit concerns Government spending review underway as energy subsidies to cushion gas price hike now raise deficit concerns KURT SANSONE A government spending review is underway to mitigate the impact of energy subsidies on public finances, Finance Minister Clyde Caruana (pic- tured) has confirmed. The review comes as government remains com- mitted to keeping energy and fuel prices stable in the wake of rising international oil and gas prices. Caruana told MaltaToday keeping water and electricity rates unchanged was important not to burden consumers and the economy. But keep- ing the deficit in check was also a priority, he added. "I stand by with what I said in the past and with the commitment given by Energy Minister Mir- iam Dalli that government will keep water and electricity rates static because if we were to change them now it would have signifi- cant negative impacts on consumers and the economy," Caruana said. MATTHEW VELLA THE Nationalist Party's new 'heavyweight' MP Joe Giglio is being tapped for a possible candidature for deputy leader, by Bernard Grech's team. A close aide to Grech told MaltaToday the PN leader would welcome Giglio's bid for the role, soon to be vacated by co-deputy leaders David Agius and Robert Arrigo. Nominations for the man- datory PN leadership election closed yesterday with Grech's being the sole candidature. Sources believe Giglio, a high-profile lawyer whose cli- ents once included the exiled Kazakh oligarch Rakhat Aliyev, will find opposition from party members who think the PN's top brass cannot afford being compromised by political controver- sy. PAGE 2 Grech's team want Giglio bid for PN deputy role PAGE 3 Schembri sold More to creditors for €90,000 to settle loan of €5.6 million Extradited supermarket boss accused of fraud and money laundering had multi-million debts with businessmen who bought More chain PAGE 2 EVARIST BARTOLO

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