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World

France is finally opting for austerity

11 October 2024

11:05 PM

11 October 2024

11:05 PM

After the binge, the bill? The new French government of Michel Barnier presented the main lines of its proposed 2025 budget on Thursday evening, promising to cut public spending by £50 billion while raising taxes across the board. It’s belated austerity for a state with a fiscal policy that has previously resembled dine and dash.

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