2024-08-27 16:30:00
At the 6th French Entrepreneurs Conference (reference), you could smell a strange smell. Patrick Martin’s opening speech reflected the atmosphere of homecoming and mourning. On the other hand, the president of Medef first invited the guests “Turn on the ignition, let the tires squeal, and get the school started smoothly”. Almost verbatim translation of the pipe Start Me The Rolling Stones He walked onto the stage, swaying his hips. Then he recalled in a voice full of nostalgia “The political continuity of the government that we have been holding the line with since 2017 remains the same”This may end in the coming days as the appointment of a new prime minister is likely to change the course of economic policy. “A determined and determined pro-business policy designer” : Bruno Lemaire made his star appearance and received a standing ovation from the public.
READ ALSO‘He will have to reconnect with the fighting Medvedev’: Patrick Martin goes on the offensive in the face of political ambiguity
2017 will be a turning point for French businesses. Emmanuel Macron will bring a “Very pro-business supply policy”Samuel Tual, Vice President of Medef and CEO of Actual Group, concluded. In 2021 alone, the momentum created by the President has been demonstrated. One million companies Emmanuel Macron proudly declared that the character had been created.
Tax Benefits
In the aisle of the Longchamp racecourse, with gray hair and a glass of vanilla ice cream provided by the race sponsor, Hervé Rouvre, president of the consulting firm Hero Développement, welcomed the tax measures promoted by the president: “His tax reforms have been moving in the right direction since he took office. » As a result, the manager estimates that the nominal corporate tax (IS) rate will be set at 24% in 2024, compared to 33% in 2017. “Helping France rebalance in the global context”.
READ ALSOPro-business policies, tax cuts, unemployment… Macron’s glorious economic record is rejected by the French
The reduction in corporate taxes was accompanied by a reduction in production taxes, the abolition of the wealth tax (ISF) and its replacement by a reduced real estate wealth tax (IFI), and even a reduction in the single flat tax (PFU or “flat tax”) from 45% to 30%. “Tax cuts” This will make it possible “Create 2 million jobs in the first five years”Samuel Tual assured, his cigarillo unlit.
Samuel Tual, CEO of Actual Group, which specialises in temporary employment, called for the continuation of the training and apprenticeships initiated by Emmanuel Macron Image: Maxence Armant
Whatever the cost
At the forefront of Macron’s actions, the policy of “whatever it takes” is on the lips of many entrepreneurs. Jean-François Faure, president and founder of AuCOFFRE, a company that facilitates the sale of precious metals, explains “Signed PGE (Loans guaranteed by the state Editor’s note) €100,000 for one of (its) subsidiaries during the Covid crisis». This amount is equivalent to 20% of the company’s turnover. “Macron is very good at creating economic momentum”he greeted.
READ ALSOPublic spending: The true cost of Macron’s ‘whatever it takes’
But the manager expressed regret “A certain verticality of power (From Emmanuel Macron, editor’s note) This created tensions with angry French people in the streets.”Even for his activities, the businessman admitted that he had a smile on his lips, “When France is scared, it buys gold. Since the dissolution, our activity has quadrupled on some days.”
“Midway in terms of training”
Samuel Tual’s criticism included aspects of training and apprenticeship. Although the number of apprentices increased to “There are a million in the private sector”considering the investment amount, “Not everything works very well”who know Medvedev as a finance chief. For example, the Skills Investment Programme (PIC), which has invested €15 billion but was still slow to produce convincing results in December.
Full employment: Despite billions of dollars invested, the Great Skills Initiative falls short of its goals
Still, records are being broken, with the employment rate for people aged 15-64 reaching 69% in the second quarter of 2024. The unemployment rate is also expected to reach a historic low of 7.1% in late 2022 and early 2023, thanks to job creation.
Re-industrialization
Patrick Martin also insisted in his speech on Monday “Mother of War” Emmanuel Macron. The president said that since 2017, reindustrialization has created 138,000 industrial jobs and has opened more factories than closed. Philippe Lorban, president of Medef Hauts-de-France, shared this observation, for whom “Very good action has been taken”. That is, the French Relance plan announced in 2020, with an industrial investment of 100 billion euros, which was supplemented a year later by the French 2030 plan, with a total investment of 30 billion euros.
In the north, however, reindustrialization has not brought the results it promised. In Dunkirk, the main beneficiary of investment, reindustrialization was expected to create 20,000 jobs over 15 years. But only 500 have been created so far. The delay in ignition allowed the National Rally to take the lead in the European elections and the first round of legislative elections last July. The result symbolizes the endorsement of Macronist policies.
READ ALSO2024 legislative elections: In Dunkirk, massive reindustrialization will not prevent RN victory
also “Pro-business president”Emmanuel Macron also received “The rich president” On many occasions. This is a criticism directed especially at the increase in the wealth of the richest. In 2017, the total assets of the top 500 French professionals amounted to 571 billion euros. In 2024, the total will reach 1228 billion. This is enough to make the issue of taxation of excess profits tense. According to Samuel Tour, “Slander and opposition”For managers, the profits generated will make it possible to elevate the status of the smallest companies. In the same spirit as the president. Today, citizens and elected officials call on him to change national policies.
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