Macron to unveil plan to cut French public spending ‘in coming weeks’

French President Emmanuel Macron said Monday that the government would unveil "in the coming weeks" a plan to cut public spending and keep the budget within European Union deficit targets.

Macron to unveil plan to cut French public spending 'in coming weeks'

“There can be no tax cuts or increased investments without slowing the continued growth of our spending,” Macron told lawmakers in a speech at the Versailles Palace, promising “bold and courageous decisions”.

“Everybody wants lower taxes… but nobody ever wants to take responsibility” for financing them, he said at a joint gathering of both houses of parliament.

Macron said the spending cuts would be part of a broad reorganisation of the French state aimed at boosting state services in remote and deprived areas while making them easier to manage.

He defended last year's controversial labour law reforms and other measures aimed at encouraging businesses to invest, saying it was the only way to improve the prospects of all citizens.

His critics say the policies, including corporate tax cuts and laws making it easier to dismiss workers, show that he has failed to take into account the 
worries of voters on the lower rungs of the economic ladder.

“Policies that help companies are not for the wealthy. They are policies for the entire nation, policies that add jobs,” he said.

“It's false to think we can protect workers without defending our companies,” he added.

“Wealth creation and the prosperity of a nation are the foundations of all projects to ensure justice and equality,” he said.

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Macron to make live TV broadcast to France

French president Emmanuel Macron will make a live TV broadcast to the nation about the war in Ukraine.

Macron to make live TV broadcast to France

Macron will be on TV on Wednesday at 8pm, the Elysée confirmed earlier on Wednesday.

Macron also tweeted the announcement, saying that his speech will be on the subject of the war in Ukraine.

His office added that the president’s speech “will not touch on other matters” – Macron has only until Friday to confirm whether or not he is running for re-election.

It is widely considered to be extremely unlikely that he would not stand in the April elections, but all candidates have until Friday, March 4th, to make their declaration.

Macron’s team had previously announced a rally in Marseille on Saturday, March 5th, which was expected to be the first official campaign event, but on Tuesday this was cancelled because of the ongoing international crisis.

Macron was at the forefront of international efforts to find a diplomatic resolution to the crisis, and since Russia invaded Ukraine he has remained in close contact with Ukrainian president Volodymyr Zelensky, and has also spoken – at the request of Zelensky – to Russian premier Vladimir Putin.

The Local will be following Macron’s speech live from 8pm HERE.