Francois Hollande lurches Right in historic U-Turn to save French economy

French president François Hollande has bowed to massive pressure for business tax cuts to pull France’s economy out of slump and stave off industrial decline, ditching a core element of his socialist platform. Company taxes will fall by €20bn a year equal to 1pc of GDP, to be phased in graduall…

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Francois Hollande lurches Right in historic U-Turn to save French economy