French budget: tax cuts; public spending frozen in real terms

September 27, 2007 10:52 AM

The French government yesterday unveiled its budget for 2008. Public spending is to be frozen in real terms and taxes will be cut by €9 billion, or £6.3 billion, including €5.1 billion to exempt overtime from tax and social charges.


The ususal critics have been lined up to say that this is fiscally irresponsible because the deficit is projected to remain around the same as this year, but it might be more prudent to wait for the actual results, which are likely to be more favourable than a static forecast would show. Marginal changes don't come much better than exempting all overtime from all taxes. 


If only we had such bold, fresh thinking from our politicians in Westminster.  If they are going to freeze public spending in France and return all the money saved to taxpayers, why can't they do the same here!?

The French government yesterday unveiled its budget for 2008. Public spending is to be frozen in real terms and taxes will be cut by €9 billion, or £6.3 billion, including €5.1 billion to exempt overtime from tax and social charges.


The ususal critics have been lined up to say that this is fiscally irresponsible because the deficit is projected to remain around the same as this year, but it might be more prudent to wait for the actual results, which are likely to be more favourable than a static forecast would show. Marginal changes don't come much better than exempting all overtime from all taxes. 


If only we had such bold, fresh thinking from our politicians in Westminster.  If they are going to freeze public spending in France and return all the money saved to taxpayers, why can't they do the same here!?

Latest Blogs:

TaxPayers' Alliance Icon

Working for the taxman

6:00 AM 26, Nov 2016 Harry Fairhead

TaxPayers' Alliance Icon

Further thoughts on the Autumn Statement

4:56 PM 24, Nov 2016 James Price

TaxPayers' Alliance Icon

Have we had too much austerity?

10:57 AM 23, Nov 2016 Alex Wild

TaxPayers' Alliance Icon

Launch a War on Waste and simplify taxes

9:45 AM 23, Nov 2016 The TaxPayers' Alliance

TaxPayers' Alliance Icon

Reforming capital taxes

6:00 AM 19, Nov 2016 Harry Fairhead