Monday, December 10, 2018

France yellow vest protests: Macron promises wage rise

France's President Emmanuel Macron has promised a minimum wage rise and tax concessions in response to weeks of violent protests.

France has seen four weekends of violent protests against fuel tax rises, living costs and other issues.

Speaking in a televised address, Mr Macron condemned the violence but said the protesters' anger was "deep, and in many ways legitimate".

The minimum wage would increase by €100 per month from 2019, he said.

A planned tax increase for low-income pensioners would be cancelled, overtime pay would no longer be taxed, and employers would be encouraged to pay a tax-free end of year bonus to employees, he added.

However, he refused to reinstate a tax on the wealthy, saying "this would weaken us, we need to create jobs".

The minimum wage will be increased by 7% - and the cost of this increase will be met by the government rather than employers.

Analysis by the BBC's Hugh Schofield in Paris
They wanted more than just a politician's promises. They wanted measures, banknotes in their pockets, a tangible change in their impoverished daily lives.

President Macron got the message. In fact he had no choice. To have blethered about future challenges and the need for nation-building would have driven the yellow vests to distraction.

So here - at the core of the address - were four simple changes: a rise in the minimum wage; the removal of tax and social charges on overtime; encouragement to employers to give workers a tax-free bonus; and an end to a surcharge on most pensions.- Read More

France yellow vest protests: Macron promises wage rise - BBC News

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