French PM calls for quick tax cuts to appease protesters

Image
AP Paris
Last Updated : Apr 08 2019 | 6:25 PM IST

France's prime minister has called for quick tax cuts to respond to the anger expressed through the yellow vests protests across the country.

Prime Minister Edouard Philippe on Monday unveiled the results of a three-month "grand debate" launched by President Emmanuel Macron in response to the protests so ordinary people could express their views on France's economy and democracy.

Philippe says "the debate clearly indicates the direction: we must cut taxes and cut them more quickly." At the same time, however, he said the government must cut public spending.

Macron is expected to unveil a series of economic measures next week.

The yellow vest movement, prompted by a fuel tax hike in November, has expanded into a broader revolt against Macron's policies, which protesters see as favouring the rich and big businesses.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 08 2019 | 6:25 PM IST

Next Story