PURCHASING POWER LAW. Elisabeth Borne should carry the purchasing power bill as soon as the new National Assembly is formed. What ideas for purchasing power? When ? We take stock.
[Updated on May 19, 2022 at 10:12 am] The President of the Republic Emmanuel Macron has promised the implementation of a law aimed at protecting the purchasing power of French households in the face of inflation and the rise in energy, fuel and food. In April 2022, consumer prices rose by 4.8% over one year and the trend should worsen next month with projections around 5.4% from INSEE. This amending finance bill (PLFR) should be carried by the brand new Prime Minister Elisabeth Borne, and presented in the wake of the legislative elections, as announced by government spokesperson Gabriel Attal at the end of the Council of ministers of May 11. Food voucher, extension of the tariff shield and the fuel bonus, indexation of pensions on inflation…
The proposals are not lacking, but the promulgation of this law should still be expected. Why ? Quite simply because the new National Assembly has not yet been formed. For now, this project remains to be taken with a grain of salt. It is totally suspended on the results of the legislative elections next June. Indeed, the slew of measures promised by Emmanuel Macron and his government remains subject to the dynamics that will emerge from the ballot. Will La République En Marche win a majority? This is the main question. If this is not the case, the project could be widely called into question, or even completely abandoned. In the event of cohabitation, it is difficult for the Head of State to have this project voted on and implemented. Response on June 19 during the second all of the legislative elections.
The rise in consumer prices is expected to continue in the coming months. INSEE predicts an increase between 5% and 5.4% next May, enough to push the government to act, by proposing a salvo of measures to try to support low-income households and low wages. In this sense, several proposals already mentioned by the executive for many weeks should indeed come into force. Here they are :
As government spokesman Gabriel Attal announced, the various measures forming part of the purchasing power law should be announced “after the legislative elections”. A way of respecting the calendar that Emmanuel Macron had set for himself and his various media releases, regularly announcing the implementation of these measures by the summer.
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