PARIS (Reuters) – French President Emmanuel Macron on Wednesday mentioned that extra cuts to widespread housing advantages for households might be on the playing cards as a part of a wider reform of France’s pricey housing coverage and a drive to chop public spending.
Requested by Le Level journal in an interview if he envisaged to chop the extensively loved housing allowance additional than the quantity introduced over the summer time, Macron mentioned:
“Sure, however solely as a part of a deep transformation which should result in a drop in rents and as a part of a wider coverage.”
Analysts mentioned the minimize in housing allowance by 5 euros ($6) per 30 days introduced by Macron’s authorities over the summer time had contributed to a pointy stoop within the 39-year outdated president’s reputation rankings.
Reporting by Michel Rose; Enhancing by Ingrid Melander