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Politics

France demands belt-tightening in 2027 budget as investors sour on its debt

France presented its ​2027 budget bill on Thursday, seeking to enact unpopular belt-tightening measures that can lower its deficit and appease increasingly twitchy bond investors ahead of next year's presidential election. The legislation faces a tough ride in a deeply divided parliament, as political clans position themselves for one of the country's most consequential elections in modern times.

Politics

French PM presents belt-tightening 2027 budget, including frozen wages and new taxes

French Prime ​Minister ‌Sébastien Lecornu ⁠on Thursday presented a belt-tightening government budget for 2027, with savings predicted to come from freezing wages in the public sector and all but the lowest ‌pensions. A series of targeted tax measures were also predicted, though the country's independent fiscal watchdog said the plans to reduce the deficit were "limited" in light of the challenge facing the government.

Style

Belt and braces PM: what wearing suit braces says about Burnham

Mod fashion, nod to 80s excess or symbol of tradition? Andy Burnham’s wardrobe choice transcends class divisions The sartorial evolution of Andy Burnham reached another milestone this week when the prime minister appeared at a photocall in Derbyshire wearing a pair of braces under his suit. Navy, slimline and button-on rather than clipped, they were barely visible while he posed for a photo in Ilkeston. It was only when he unbuttoned his suit jacket to embrace members of the public that they were on view. Continue reading...