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Reuters
Reuters
Business

French parliament adopts 20 billion euro inflation relief package

FILE PHOTO: Price tags are seen as a woman shops at a local market in Nice, France, June 7, 2022. REUTERS/Eric Gaillard

France's parliament on Wednesday approved a bill that will lift pensions and allow companies to make higher tax-free bonus payments to employees after President Emmanuel Macron promised to boost household purchasing power amid soaring inflation.

With the final vote in the lower house, Macron passed a test of his ability to strike cross-party compromises after losing his absolute majority in June legislative elections.

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