August 30, 2017 / 7:42 PM / in 7 months

Macron says more cuts to popular French housing benefits possible

PARIS (Reuters) - French President Emmanuel Macron on Wednesday said that more cuts to popular housing benefits for households could be on the cards as part of a wider reform of France’s costly housing policy and a drive to cut public spending.

French president Emmanuel Macron gestures towards his dog Nemo during a meeting with German Vice Chancellor and German Foreign Minister at the Elysee Palace in Paris, France, August 30, 2017. REUTERS/Alain Jocard/Pool

Asked by Le Point magazine in an interview if he envisaged to cut the widely enjoyed housing allowance further than the amount announced over the summer, Macron said:

“Yes, but only as part of a deep transformation which must lead to a drop in rents and as part of a wider policy.”

Analysts said the cut in housing allowance by five euros ($6) per month announced by Macron’s government over the summer had contributed to a sharp slump in the 39-year old president’s popularity ratings.

Reporting by Michel Rose; Editing by Ingrid Melander

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