Bruno Le Maire and Edouard Philippe, the race for budgetary seriousness with a view to 2027 | EUROtoday

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Edouard Philippe, mayor of Le Havre (Seine-Maritime) and president of Horizons, offers the city medal to Bruno Le Maire, the Minister of the Economy, at Le Havre city hall, March 29, 2024.

In the aisles of the Renault manufacturing unit in Sandouville (Seine-Maritime), the retrofuturistic petrol blue uniform worn by the Minister of the Economy, Bruno Le Maire, and the previous Prime Minister Edouard Philippe would virtually make them seem like two brothers. Their giant dimension too – 1.91 meters for the primary, 1.89 meters for the second – once they lean ahead, completely synchronized, to hearken to a employee who barely reaches their chest.

Also learn the portrait: Article reserved for our subscribers Edouard Philippe needs to form a presidential picture earlier than 2027

The resemblance between the 2 males is not only a matter of silhouette. This Friday, March 29 within the morning, the 2 potential candidates for the 2027 presidential election – each from the appropriate – need to reap the benefits of this go to to defend their views on decreasing the general public debt. With the identical slogan: don’t resort to tax will increase whereas the federal government is in search of methods to save cash and generate income after saying a deficit of 5.5% of gross home product in 2023, as a substitute of the anticipated 4.9%.

Threatened with closure within the early 2010s and having develop into the showcase of the federal government's reindustrialization coverage, the Renault Sandouville manufacturing unit affords them the pretext: 550 new hires and 330 million euros of funding have been promised by the corporate for the subsequent 4 years, due to “first to tax decisions”in accordance with Bruno Le Maire. “The reduction in production taxes is a gift given to French industry and it is a gift given to workers, he continues in front of an audience of managers, executives and workers, who came to listen to his press conference in the middle of the assembly lines. They had to be lowered urgently. We did it and we will continue. »

Subtle differences

The Minister of the Economy also reiterates his opposition to any taxation of “superprofits” and share buybacks, beneath the pretext that this may penalize worker shareholding. “All those who tell us that we must increase the taxation of dividends and the single flat-rate levy forget that they are going to increase taxes on employee shareholders”, he provides, beneath the gaze of Luca de Meo, the overall director of Renault, whose revenue is estimated at 5,297,829 euros for the 2023 monetary yr, together with 1.9 million euros in shares.

While this place is more and more contested throughout the authorities, the tenant of Bercy can depend on the assist of Edouard Philippe, who got here to accompany him in his capability as mayor of Le Havre. “I completely agree with Bruno Le Maire”, he approves, throughout a press briefing alongside him. Three days earlier, Tuesday March 26, the topic of the general public deficit was on the heart of a gathering of the political bureau of his social gathering, Horizons. After listening to the proposals and remarks of his executives, Edouard Philippe recalled his course: exclude the usage of any new tax which, in accordance with him, would routinely be to the detriment of family consumption and the competitiveness of companies. As for a tax on “superprofits” and the “superdividends”he believes that she “would not be up to the challenge” and would fall beneath “the anecdotal and the symbolic”reviews a participant.

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