France's budget debate heats up as MPs reject income tax freeze

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Over the weekend, France’s parliament was rocked by intense debates over next year’s budget, with MPs from across the political spectrum rejecting a proposal to freeze the income tax scale, costing the government around €2 billion in revenue. The right won cuts on overtime taxes, while the Socialists continue to push for a new tax on the highest earners. If no compromise is reached soon, left-wing leader Olivier Faure has threatened a no-confidence vote that could trigger early parliamentary elections.