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5h ago

At Medef’s REF, Business Leaders Warn Political Turmoil Is Hitting Confidence as Bayrou Seeks Sept. 8 Vote

Business leaders press for budget clarity under EU deficit pressure.

Devant les entrepreneurs réunis à Roland-Garros ce 27 août, le « patron des patrons », Patrick Martin, s’en est pris aux « fantasmes entretenus sur les aides aux entreprises ».
Patrick Martin, président du Medef, à l'issue de son discours ouvrant la Rencontre des entrepreneurs de France (REF) 2025, ce mercredi, au stade Roland-Garros. 
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Le patron du Medef Patrick Martin, à Paris, le 30 juillet 2025

Overview

  • France’s main employers’ meeting opened at Roland-Garros with Medef saying the current instability is damaging the economy and business planning.
  • Prime Minister François Bayrou has called a confidence vote for 8 September, with coverage indicating he is likely to lose that test.
  • Bercy’s Eric Lombard and Amélie de Montchalin say they will prepare a 2026 budget and pursue talks with opposition parties, with the Socialist Party viewed as a potential swing force.
  • Medef backs the government’s €44 billion consolidation target for 2026 and notes companies are contributing about €13 billion this year, including a temporary corporate tax increase.
  • Patrick Martin opposes reviving the wealth tax and warns steep levies on top earners could drive expatriation, as the REF hosts ministers and party leaders before Bayrou’s speech on Thursday.