France: Gov’t Preparing To Suspend Fuel Tax Increases, Source Says

Local Editor

Amid the ongoing violent protests, the French government is preparing to suspend fuel tax increases, a government source said Tuesday.

Prime Minister Edouard Philippe was due to announce the suspension later on Tuesday, the source added, in what would mark French President Emmanuel Macron's first significant U-turn on a major policy since taking power in 2017.

The so-called "yellow vests" protests, which started on Nov. 17, were focused on denouncing a squeeze on household spending brought about by Macron's taxes on diesel, which he considers necessary to combat climate change and protect the environment.

However, they have since evolved into a bigger, general anti-Macron uprising, with many criticizing the president for pursuing policies they claim favor the richest members of French society.

Protests in Paris on Saturday turned particularly violent, with the Arc de Triomphe defaced and avenues off the capital's Champs Elysees suffering damage.

The demonstrations have been given the "yellow vest" tag due to the fluorescent jackets kept in all vehicles in France, and the protests are estimated to have cost millions to the economy.

Source: News Agencies, Edited by website team