PM Anwar: Unity govt accepts Sungai Bakap poll results as voters’ will, committed to intensifying efforts to improve their wellbeingFrance’s business elite is anxious about volatile politics, inexperienced policymakers, street protests and a possible wave of bankruptcies in the coming months, executives meeting in Provence said ahead of Sunday’s parliamentary election.
Voters are set to derail his drive to ease taxes and other constraints on business when — as it is widely expected — they hand Macron’s party a decisive defeat in an election that polls suggest will give the far right the most seats in parliament.”We are very concerned about what’s going to happen,” Ross McInnes, chairman of aerospace company Safran, told Reuters.
RN leader Jordan Bardella, 28, could become France’s youngest prime minister if the party wins a majority in Sunday’s election. ”We’ve continued to take investment decisions over the past weeks, including in France. But clearly if we had had to make a really major investment decision we probably would have waited to have better visibility,” said Mathias Burghardt, CEO of Ardian France, a private equity firm.
Macron’s pro-business reform drive often jarred with voters, sparking sometimes violent street protests like the yellow vest movement of 2018 or marches last year against an overhaul of the retirement system. Meanwhile the left-wing Popular Front alliance’s tax-and-spend programme would bring back a wealth tax and raise the minimum wage by 14% while also scrapping Macron’s pensions reform.