FRANCE: PM Warns Censure Or Budget Opposition Would Facilitate Far-Right Rise

Nov-06 13:01

Speaking to the presidents of the political groups in the Senate on 5 November, PM Sebastien Lecornu said a vote of censure against the gov't or a defeat of the 2026 budget in parliament "will amount to dissolution", and that he "will not be the Prime Minister who makes a handover of power with [far-right National Rally President] Jordan Bardella".

  • Le Parisien reports that Lecornu said, “I don’t want to use Article 49.3, I don’t want executive orders”. As part of his return to the Matignon, Lecornu foreswore the use of Art. 49.3 to push through the budget without a vote in parliament.
  • His comment on 'executive orders' may refer to Art. 47 of the Constitution. Under this, if the finance bills are not passed within 70 days of submission, they can be implemented via ordinance. The 14 October submission sets a 23 Dec deadline.
  • Majority approval for the budget remains extremely uncertain. The left scored a notable win on 5 Nov, securing an increase in the generalised social contribution (CSG), which it intends to pay for the suspension of the 2023 pension reforms.
  • The amendment passed with the backing of leftist deputies, as well as a sizeable number of lawmakers from the centrist pro-Macron parties.
  • However, conservatives have objected with Les Republicains leader Bruno Retailleau calling it an "organised tax heist", Horizons leader and 2027 presidential candidate Edouard Philippe saying the measure was "fiscal madness", and prominent LR President of the Hauts-de-France region Xavier Bertrand saying parliament was "a madhouse". 

Historical bullets

MNI: US REDBOOK: OCT STORE SALES +6.1% V YR AGO MO

Oct-07 12:55
  • MNI: US REDBOOK: OCT STORE SALES +6.1% V YR AGO MO
  • US REDBOOK: STORE SALES +5.8% WK ENDED OCT 04 V YR AGO WK

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Oct-07 12:43
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BTP: Block trade

Oct-07 12:41

BTP Block trade, suggest seller:

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