Michel Barnier Renounces Electricity Tax Increase in 2025 Budget to Avoid National Rally Censure Threat

Nov 28, 2024, 03:40 PM

Michel Barnier, the French Minister for Public Accounts, has announced that there will be no increase in electricity taxes in the 2025 budget. This decision comes in response to threats of censure from the National Rally (RN) party, which has been vocal in its opposition to tax hikes. Barnier stated, "I have decided not to increase electricity taxes," emphasizing the government's willingness to listen to parliamentary concerns. The move is seen as a strategic concession to avoid political fallout, particularly in light of RN's demands. Various political figures have commented on the decision, with some viewing it as a necessary compromise to ensure budget stability. The announcement has sparked discussions about its implications for consumers and the broader fiscal landscape in France.