Overview
- The LFI motion drew 271 votes, 18 short of the 289 needed, and a separate RN bid garnered 144, leaving the government in place.
- The Socialist Party withheld support for the LFI motion after securing a suspension of the pension overhaul until 2027.
- Keeping the current retirement rules is reported to add about €400 million to spending in 2026 and €1.8 billion in 2027.
- Lecornu’s 2026 plan targets roughly €30 billion in savings and a 4.7% deficit, though France remains under EU fiscal scrutiny and the fractured Assembly complicates passage.
- Markets welcomed the reprieve as France’s bond risk premium fell and the CAC 40 approached its record, while the CGT called a 6 November protest over the budget.