Prime minister’s money-saving proposal hits opposition, despite calls for more intergenerational fairness
French premier Michel Barnier has sought to make his belt-tightening budget more palatable by arguing that it requires everyone to share the burden to address a national deficit crisis. Yet politicians from across the spectrum have jumped to the defence of one particular category of the population, asking for it to be spared: France’s 17mn retirees. Barnier only floated a modest cut to pensions next year by proposing a six-month delay to an annual inflation adjustment, which would save €3.
Beyond the debate over pensions indexation, some experts argue that the overall system is plagued by an inherent unfairness between the generations — baby boomers have paid less into the system than they will receive in benefits, while the opposite will hold true for young people.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Prime members there are huge tech savings to be had this Prime DayNeed a new TV, home security, or devices for the kids? Amazon has slashed prices on coveted items ahead of Prime Day, October 8 and 9.
Read more »
Tragedy as baby dies after overloaded migrant boat heading for UK sinks in the English Channel off coast...Britain’s ‘soft touch’ is to blame for Channel tragedy, French minister claims
Read more »
Britain taking more illegal migrants than any other European country is indictment of Keir Starmer’s c...Britain’s ‘soft touch’ is to blame for Channel tragedy, French minister claims
Read more »
Amazon cuts price of 'easy to use' George Foreman grill by 39% in Prime Day saleThis kitchen classic is renowned for its ease of use, storability and fat removing properties - and it's now massively reduced in the Big Deals Days sale.
Read more »
Shark's 'powerful' vacuum cleaner cut by 43% for Prime DayThe vacuum was originally priced at £229.99 and has been reduced to £131.99
Read more »
Amazon Prime shoppers save £110 on 'remarkable' smart TV slashed by £110 in sale'Very easy to set this up. The picture and sound is great, very clear. Very happy so far'
Read more »