French Socialists threaten to topple government over wealth tax
Olivier Faure gives prime minister ultimatum to increase taxes on country’s wealthiest or face no-confidence vote
Olivier Faure gives prime minister ultimatum to increase taxes on country’s wealthiest or face no-confidence vote
Former president is a moderate voice within centre-left party that has threatened to topple the government
Move spells more political chaos ahead for embattled Prime Minister Sébastien Lecornu
Does the country need a wealth tax?
Investors warn government is likely to lose a snap confidence vote on September 8
Sébastien Lecornu comes under pressure even before he has appointed ministers or laid out his draft 2026 budget
Socialist party pledges support for social security budget but centrist and rightwing lawmakers threaten to withhold backing
