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France 24
France 24
National
FRANCE 24

French National Assembly approves bill to boost purchasing power

French Finance Minister Bruno Le Maire addresses the National Assembly in Paris on July 19, 2022. © Christophe Archambault, AFP

The French government took a step forward on a key re-election promise to boost household purchasing power amid soaring inflation as the National Assembly passed a bill on Friday lifting pensions and temporarily freezing rent hikes. 

In a first test of President Emmanuel Macron's ability to reach compromises across party lines after losing the absolute majority in recent elections, the bill next goes to the Senate, the upper house dominated by the conservative Les Republicains.

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