How does purchasing power become big fear of government

Since the start of the school year, the executive had to multiply the budget ads to cope with the outbreak of energy prices, especially those of the fuels. A political danger for Emmanuel Macron, six months from the presidential election.

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This is one of these weapon passes whose ministerial cabinets have the secret. Since the start of the school year, a sensible political and budget debate has been reinstated in the executive discussions: the purchasing power. At the end of the summer, the course of the FLAMBE raw materials, especially oil and gas, drawing electricity in turn, and it begins to weigh in the French portfolio. In September, the government has already revalued the “energy check” of 100 euros, and framed the price of gas and electricity. But now the price of gasoline flies, too. As in 2018, at the time of the crisis of “yellow vests”. The lack of responsiveness of the power to the beginning of the Fronde had then been pointing from the finger, the prime minister of the time, Edouard Philippe, showing himself inflexible. No question of reproducing the same error, three years later. Emmanuel Macron wants to look as soon as possible to the grumble.

On October 14, the head of state seizes the occasion of a trip to Seine-Saint-Denis to promise in front of the cameras a “short-term action” in order to “leave no one in the disarray”. The following days, ministers follow one another in the media to make assumptions: a decrease in fuels tax, a check, or even a combination of both? The subject is far from simple. How to be sure to help the most modest motorists, and not SUV owners? How to relieve household portfolio without encouraging fossil fuel consumption?

Especially, how to unlock a help without fueling the criticisms of those who, like the President The Republicans of the Hauts-de-France region, Xavier Bertrand, accuse the executive of “campaign with the checkbook “As the presidential election of 2022? In small committee, the Prime Minister, Jean Castex, assumes. “I will not put the pencil, under the pretext that there are electoral deadlines,” he justifies.

Opposition of Bercy

Only here: it’s been months since Bercy announces the end of the “whatever it costs”. The powerful Ministry of Finance has just cut off, at the end of September, the Emergency Aide Faucet for Entreprises, after eighteen months of uninterrupted support related to the CVIV-19 crisis and its economic and social consequences. The Minister of the Economy, Bruno The Mayor, repeats that France, with its debt equal to 114% of national wealth, can at any time be in the voracity of the financial markets. Its administration would prefer that the government does not seek to fill all the holes in the hull of the purchasing power of households. Otherwise, we will never end.

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/Media reports.