Report
France: the "yellow high vis vests" confronting the government red lines
After declining at the start of the year (-0.5% in Q1), household purchasing power should gradually improve in the autumn owing to government’s tax deduction measures. T he government’s tax calendar provides for the removal of the remaining 0.95 percentage point of the employee unemployment contributions and an increase in the activity bonus in October . A ddition al reductions came into force in November such as the reduction in the residence tax and the increase in the disabled adult allowance. But these tax reductions seem to have gone unnoticed, contrary to the rise in fuel prices, which triggered the yellow vest movement. In this special report we propose to look at the main actions taken by the yellow vest movement so far, the main specific features of this movement, their claims, the possible economic consequences in the short and medium term , as well as the movement’s possible future.
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Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Véronique Janod
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