Factbox-Macron wants the French to work longer, shake up the welfare state | world news

PARIS (Reuters) – President Emmanuel Macron, a former investment banker elected in 2017 on a promise to be neither left nor right, is projected in the electoral polls to win a second term against a resurgent far right Marine Le Pen, although with a smaller margin of victory.

Here are his main policy proposals:

* Raise the minimum retirement age from 62 to 65 and increase the minimum monthly pension to 1,100 euros ($1,187).

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* Require 15-20 hours of training per week for welfare recipients

* Reduce taxes by 15 billion euros, half of which for households and the rest for businesses.

* Further relax labor market rules and reform unemployment insurance so that payments vary with the state of the economy

* Raise the threshold above which inheritance tax comes into play from 100,000 euros to 150,000 euros


* Make the European Union more autonomous in defence, agriculture, energy and strategic economic sectors

* Strengthen the capabilities of European national armies, increase coordination between them and create a “common military doctrine”

* Create European industrial champions including a “European metaverse”

* Reforming the European electricity market

* Make long-term residence permits conditional on a French exam and a job

* Expel foreigners deemed troublemakers

* Create a rapid action force to restore order in troubled “suburbs”, economically disadvantaged suburbs.

* Wider scope of on-site fines for petty crime

* Build six new nuclear reactors and launch studies for eight others, increase solar energy capacity tenfold, build 50 offshore wind farms by mid-century

* Take control of some energy companies, suggesting the government would relaunch stalled plans to buy out EDF’s minority shareholders

* Renovate 700,000 houses per year

* Leasing program to make electric vehicles more accessible

* Put the next Prime Minister directly in charge of “green development” to make France the “first great nation”. Stop using oil, coal and gas

(Compiled by Michel Rose; edited by Richard Lough and Ros Russell)

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