Tax Rises In France Have Reached ‘fatal’ Level, Warns Eu Official

16 and 17. Fernandez-Castano missed the winning putt from 10 feet on the last hole. Joost Luiten and Gregory Bourdy birdied their last three holes to beat Jamie Donaldson and Marc Warren 2 and 1. Chris Wood and Scott Jamieson combined for six birdies to defeat Thorbjorn Olesen and Francesco Molinari 2 and 1. Jimenez and Manassero edged Casey and Tommy Fleetwood by a hole to give Continental Europe an 8-6 lead. In the afternoon, Donaldson and Warren spurred a comeback for Britain and Ireland by defeating Thomas Bjorn and Mikko Ilonen 2 and 1. Then Gallacher and Lawrie capitalized on a poor start from Colsaerts and Fernandez-Castano to go 3 up after five holes. The Scottish pair won 2 and 1 to tie 8-8. Luiten and Bourdy are participating for the first time in the Seve Trophy and have won all four matches theyve played. The rookies beat Wood and Jamieson by two holes. Wood eagled from a bunker shot on No. 17, forcing the pair to play the last hole on the golf course of Saint-Nom-la-Breteche. But Luiten and Bourdy sealed the win with a birdie and a 9-8 lead for Continental Europe.

Britain and Ireland tied 9-9 with Continental Europe at Seve Trophy in France

In a speech to close the Socialist Party summer university in La Rochelle, Mr Ayrault promised that the green tax would take the form of a fiscal reshuffle, rather than an extra layer of taxation. Frances overall tax burden, running at around 48.5 per cent of GDP, would not rise, he promised. Since he came to power, President Hollande has kept his electoral promise to attack French deficits and accumulated debt. He has done so, however, almost entirely by tax increases rather than by cuts in a state apparatus which swallows 56.6 per cent of the countrys GDP. Mr Hollande pledged in May that the pace of tax hikes would slacken in 2014 and would cease almost entirely in the period 2015-2017. Steep cuts in state spending would be imposed, he said, to bring Frances annual deficit down to 3 per cent of GDP in 2015 meeting a target set by Brussels. Since then, however, it has emerged that final budget plans for 2014 will include at least 6bn in tax rises. This figure does not include the impact of a programmed rise in the basic rate of VAT from 19.6 per cent to 20 per cent from January next year. Plans for reforms to the state pension and health systems, both in chronic deficit, will be finalised this week. They are likely to include a rise in a levy on household payments of up to 0.5 per cent. Mr Hollandes 75 per cent temporary tax on incomes over 1m also blocked by constitutional objections may also finally take effect in 2014. In an interview with Le Journal du Dimanche, Mr Rehn praised the structural reforms introduced under Mr Hollande, including a shift towards more flexible rules on hiring and firing.

Rallying-Ogier celebrates title with France win

On the first stage of the final day, Loeb’s Citroen slid off the road and ended up on its roof in a ditch, according to the world rally championships’ website (www.wrc.com). Loeb, who won a record nine world titles from 2004-12, and co-driver Daniel Elena escaped unhurt. “I lost the rear in a fast right corner, and then we had a spin and I finished in the ditch. And that was the race over. I would have preferred to have finished my last rally here, but it didn’t go according to plan,” said the Frenchman. Loeb competed in only four rallies this season after deciding not to defend his world title. He won the Monte Carlo Rally and Rally Argentina and finished second in Rally Sweden. Ogier succeeded Loeb as world champion on Thursday after his only rival, Belgian Thierry Neuville, failed to claim the power stage at the Rally of France. “There has been so much emotion this weekend,” Ogier said after his seventh win of the season. “After the excitement of winning the title on Thursday, it was difficult to get back into the race. But we couldn’t stay like that all weekend and decided to react yesterday. “We pushed to the maximum then and this morning we soon made a gap at the front. Then we had to bring the car home, which wasn’t easy in the rain and mud. We started the story from zero with Volkswagen last year, and now we’re close to the manufacturers’ title as well.” The penultimate rally of the season will be held in Spain from Oct 24-27.