Francois Bayrou's speech outlined a plan for drastic budget cuts, emphasizing a freeze on all public spending except for defense, no inflation-adjusted increases in pensions or welfare, and a new tax on the wealthy. He also proposed abolishing two public holidays, provoking widespread anger. Although he faces a challenging political landscape as France's most unpopular Prime Minister, Bayrou aims to engage public opinion and negotiate with opposition parties, believing adjustments to his budget reduction plan could be accepted by the Socialists or other factions.
Bayrou's ambitious programme includes a freeze on public spending, no inflation-linked rise in pensions, a tax on the super wealthy, and abolishing two public holidays.
He believes public opinion will eventually come around to support his plan to cut the 2026 budget by 43.8 billion in an amended form.
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