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Socialists Reject Bayrou Confidence Bid, Roll Out Rival Budget and Claim Readiness for Matignon

Macron says a pre‑Sept. 8 budget compromise remains achievable.

Overview

  • PS leaders at their Blois gathering said they will vote against François Bayrou’s confidence motion while positioning themselves to govern.
  • The party will attend consultations at Matignon on Monday but frames the meeting as an opportunity to restate its opposition to Bayrou’s plan.
  • An alternative blueprint from the PS targets a far smaller fiscal effort than the €44 billion sought by Bayrou, leaning on higher contributions from very large fortunes and companies, including a proposed Zucman wealth tax.
  • Olivier Faure pledged not to use Article 49.3 if the PS governs, arguing this would force text‑by‑text compromises in the Assembly.
  • Seat math remains unfavorable to a PS‑led cabinet, with roughly 121 deputies alongside allies and LFI refusing to support any government other than its own as Bayrou continues outreach and other parties on the left and the RN vow to vote no.