“France is Not Creating Enough Wealth”: The Warning from the President of France Industrie

Asked to react to the rejection by deputies of the revenue part of the 2026 budget, the president of France Industrie and general director of the Haulotte group, Alexandre Saubot castigated an “anti-France” text and pointed out the fact that we attack businesses.

Sébastien Lecornu is angry, a few hours after the revenue portion of the budget was rejected massively by the deputies. This Monday 24th November, he denounced the “cynicism of certain parties” who speak “failure”. However, for opponents of the text, it is rather a relief. This is what the president of France Industrie suggested in “La Matinale” from Franceinfo sunday 23rd November. If true relief will be one “final budget”. Alexandre Saubot mocked a text that looked like “museum of Horrors”.

These “horrors” are taxes and taxes passed in recent weeks which the general director of the Haulotte group castigates. Some “conjunctions of alliances led to tens of billions of euros in tax increases being voted on, many of which were either unconstitutional”, he emphasizes, before denouncing a message “not good” sent to the economic world. If he refuted on Franceinfo the qualifier “anti-business budget”, he preferred the terms “anti-france”.

Companies “engines” of wealth

For Alexandre Saubot, “businesses are only a reflection of our ability to create wealth”. Now, currently, although “the engine” of the wealth be to businesses, “france does not create enough wealth”, he assures. According to the head of the agency which works in favor of the competitiveness and employment of businesses, this explains the decline in GDP per capita, the difficult ends of the month or the “feeling of downgrading”.

As a reminder, France Industrie was one of the signatories of the letter sent to the Prime Minister about ten days ago, in which thirteen organizations were worried about the budget. They denounced in particular the “53 billion euros in tax increases”. Visibly annoyed. Sébastien Lecornu had suggested that he was “problematic” that “the economic world is worried about problems and taxes that do not exist”.

Taxes will not solve “the country’s problems”

However, the boss of France Industrie would like to point out that “in the most taxed country in the world (…) no tax increase on anyone will help solve the country’s problems”. Alexandre Saubot also has denounced the figure 211 billion in aid to businesses invoked by the left, one “number that does not exist”, recalling that companies had loans, “scales for calculating VAT or social charges”. He finally called it “urban legend” the fact that large companies pay less taxes than small or medium-sized ones. And he hammered it home: the best way is “return to the path of growth and wealth creation.”