French Government to Unveil Support Package as Petrol Prices Fuel Public Anger
25 Articles
25 Articles
The rise in fuel, aggravated by conflicts in Ukraine and Iran, revives the ghost of yellow vests and puts pressure on Prime Minister Sébastien Lecornu, who negotiates an adjustment of 54 billion euros seven months after the presidential elections.
French government to unveil support package as petrol prices fuel public anger
With fuel prices an increasingly prominent issue ahead of next year's presidential election, Prime Minister Sébastien Lecornu’s government is due to unveil new support measures on Tuesday.
In the context of the 2027 budget, the government will propose to Parliament to introduce a "golden rule" on fuel prices. The principle? That the state should restore any surplus VAT generated by rising prices to consumers... even if revenues are still falling so far. - Fuel crisis: Lecornu proposes a "golden rule" so that the state does not get richer with rising prices (economy).
The gas oil tariff reached a new record on Sunday, September 20th. If some French people think that the state is making money on their backs due to the rise in fuel prices, the government will propose a rule to redistribute the VAT surplus to them.
The government wants to include a "golden rule" in the future finance law. The aim is to give the French every euro of additional VAT generated by fuels. But in reality, the state says...
Matignon's entourage stated on Tuesday, 22 September that, at this stage, the government did not "in any way benefit" from the price increase.
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