Home » Economy » Lower costs: Louis Gallois warns against the “bad signal” sent to the industry

Lower costs: Louis Gallois warns against the “bad signal” sent to the industry

2023-12-28 15:00:33

Published on Dec 28 2023 at 3:11 p.m.Updated Dec 28 2023 at 4:00 p.m.

Emmanuel Macron never misses an opportunity to remind people that the reindustrialization of the country is one of the priority objectives of his five-year term – once more recently in mid-December for the anniversary of the launch of the France 2030 investment plan. Are his actions always consistent with his words?

Louis Gallois, “father” of the supply-side policy supported for a long time by the Head of State, warns once morest the recent decision to reduce the reductions in charges on companies for intermediate and high salaries. “This is a poorly calibrated measure. Reversing these reductions in social security contributions on intermediate salaries, as the government has decided, has a much greater impact on the industry, which positions itself much more on these remunerations. It’s a bad signal sent to manufacturers,” regrets the man who is now co-president of the Fabrique de l’industrie.

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