French parliament approves salary, pension hikes after price hikes

French parliament approves salary, pension hikes after price hikes

The French government has taken a step towards realising a key promise to help households at the time of high inflation, with the National Assembly adopted a pension increase bill on Friday and the temporary freeze of rent expensives, Reuters writes, Periscope follows. On the first test of readiness [...]

In President Emmanuel Macron's first willing test to reach compromises across party lines following the loss of an absolute majority in recent elections, the bill will be sent to the Senate, which is the high chamber of the Parliament dominated by conservatives “Les Repulicains”.

The project also included rising wages for public sector workers, food checkups and setting up a mechanism for companies to make higher bonus payments for fees released from tax to workers. The cost of this initiative is expected to be around 20 billion euros.

The aid for citizens to confront the high cost of living, largely caused by rising energy prices following the Russian invasion of Ukraine, was one of the Macron's key promises, after that in his first term he had faced protests that sparked in the vests' launch.

Last month, inflation in France reached 6.5%.

The vote, which occurred last night in late hours, was preceded by a heated debate in which the leftist coalition, Nupes, which is the largest opposition bloc, criticised the government for the measures, which, according to them, are not enough.

The project was voted 341 votes for 116 cons, supported by Republicans and the far right, “Resemblement National”, while lawmakers from the arm “Nupes” voted against. /Periscopi/

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