Overview

• An official decree published in the Journal Officiel calls an extraordinary session for a 49.1 policy statement and confidence vote on 8 September.
• François Bayrou is inviting party and parliamentary leaders from 1 September for talks he conditions on agreement about the scale of fiscal effort.
• Major opposition forces — including RN, LFI and PS — say they will reject him; RN urges new elections and the PS readies a counter‑budget focused on higher revenues.
• The government’s 2026 plan targets roughly €44 billion in savings with contentious proposals such as scrapping two public holidays, an ‘année blanche’ on spending and changes to retirees’ tax relief, alongside mooted contributions from high earners.
• Bayrou courted support at the Medef’s gathering as business leaders warned about uncertainty; French 10‑year yields have risen and the 2026 budget timetable faces disruption.