French sovereign downgrade is the third in recent weeks and heaps pressure on Sébastien Lecornu’s budget plans

Consternation over pledge to continue tax raid on big companies and suspend pension reforms

Does the country need a wealth tax?

Result marks opportunity to pass budget for 2026 in deeply fractured parliament

French sovereign downgrade is the third in recent weeks and heaps pressure on Sébastien Lecornu’s budget plans

In response to the downgrade, Finance Minister Roland Lescure said the government 'reaffirms its determination to meet the deficit target of 5.4% of GDP for 2025.'

Political turmoil and tax threats have accelerated investment flows to havens, asset managers say