Overview

• The Socialist Party says its vote against the government on 8 September is irreversible and is proposing to govern on its own budgetary basis with an effort roughly half of Bayrou’s €44 billion plan while pledging not to use 49.3.
• Les Républicains are divided after Laurent Wauquiez signaled he would not automatically censure a PS-led cabinet and Bruno Retailleau warned there would be no blank check, a rift the party aims to address at its weekend congress.
• Emmanuel Macron has urged his governing bloc to work with the Socialists, while the RN demands a new dissolution and vows to censure any successor that continues the current fiscal line.
• Bayrou intensifies a media push defending his plan as a slowdown in spending rather than austerity, yet no new parliamentary support has surfaced and he has begun acknowledging scenarios for handling current affairs after a likely fall.
• Street pressure is building as the 'Bloquons tout' action set for 10 September draws majority sympathy in polls, feeding concerns about political deadlock and market nerves.