Hollande pledges tax cuts if growth returns
Yesterday, French President, Francois Hollande, announced a promise to reduce taxation if France’s economic growth experiences an increase in 2016.
“If growth accelerates in 2016, we will extend further (tax cuts) because the French people should be first to benefit from the progress achieved,” announced Hollande.
This pledge comes as Hollande currently receives low approval ratings as there exists a popular opinion that his re-election campaign will surely fail in 2017. Hollande, who currently leads France’s chief socialist party, is hearing the brunt of France’s fury in terms of high unemployment and unsatisfying economic growth.
In regards to the high levels of unemployment, France’s jobless rate is set at more than 10%, a figure that seems to have been unaffected by any attempts to improve the French job market for over a year.
France is currently undertaking austerity measures as a means to reduce deficit spending and pay debts.
As a result, many French citizens hold concerns that a tighter grip on government expenditure has only negatively impacted the job market in France. Without increased expenditure, France is currently finding it difficult to issue more opportunities for new jobs and business to be created.
Furthermore, France’s fiscal targets of the recent quarter were uninspiringly underachieved, a concerning indicator for the country’s sluggish growth.
France is currently experiencing a transitionary period in economic circumstances. It is therefore recommended that you asses how you assets can be protected against such impending changes.
deVere France houses regulated financial advisers in France who are skilled in navigating through the intricacies of global finances. As part of the greater deVere Group, these advisers have access to a wide range of tools and facilities to help them delicately asses your personal assets before establishing the most appropriate solutions for your needs.
Yesterday, French President, Francois Hollande, announced a promise to reduce taxation if France’s economic growth experiences an increase in 2016.
“If growth accelerates in 2016, we will extend further (tax cuts) because the French people should be first to benefit from the progress achieved,” announced Hollande.
This pledge comes as Hollande currently receives low approval ratings as there exists a popular opinion that his re-election campaign will surely fail in 2017. Hollande, who currently leads France’s chief socialist party, is hearing the brunt of France’s fury in terms of high unemployment and unsatisfying economic growth.
In regards to the high levels of unemployment, France’s jobless rate is set at more than 10%, a figure that seems to have been unaffected by any attempts to improve the French job market for over a year.
France is currently undertaking austerity measures as a means to reduce deficit spending and pay debts.
As a result, many French citizens hold concerns that a tighter grip on government expenditure has only negatively impacted the job market in France. Without increased expenditure, France is currently finding it difficult to issue more opportunities for new jobs and business to be created.
Furthermore, France’s fiscal targets of the recent quarter were uninspiringly underachieved, a concerning indicator for the country’s sluggish growth.
France is currently experiencing a transitionary period in economic circumstances. It is therefore recommended that you asses how you assets can be protected against such impending changes.
deVere France houses regulated financial advisers in France who are skilled in navigating through the intricacies of global finances. As part of the greater deVere Group, these advisers have access to a wide range of tools and facilities to help them delicately asses your personal assets before establishing the most appropriate solutions for your needs.