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France to pay 38m citizens €100 each to ease costs

  • Sun Online Desk
  • 22nd October, 2021 05:52:30 PM
  • Print news

 

The French government has announced a one-off payment of €100 (£84; $116) for each citizen whose monthly net income is €2,000 or less, to help counter the surge in fuel and energy prices.

The "inflation allowance" will go to about 38 million French people automatically, including those who do not drive a car or ride a motorbike, reports BBC.

The first payments will go to business employees in late December.

Civil servants, students and pensioners will get theirs in early 2022.

The €100 payment will be tax-free and Prime Minister Jean Castex said it would cost the government €3.8bn (£3.2bn; $4.4bn).

Europe is facing widespread discontent after world energy prices spiked, largely a result of huge demand from businesses recovering from the long Covid paralysis.

President Emmanuel Macron is six months away from a presidential election and the spike in energy prices threatens to trigger a new wave of mass protests.