France’s corporate bosses are racing to build contacts with Marine Le Pen’s far right after recoiling from the radical tax-and-spend agenda of the rival leftwing alliance in the country’s snap parliamentary elections.
Four senior executives and bankers told the Financial Times that the left — which polls suggest is the strongest bloc vying with Le Pen — would be even worse for business than the Rassemblement National’s unfunded tax cuts and anti-immigration policies.
“The RN’s economic policies are more of a blank slate that business thinks they can help push in the right direction,” a Cac 40 corporate leader said of Le Pen’s party, which is ahead of other groupings in the run-up to the two-round vote on June 30 and July 7. “The left is not likely to water down its hardline anti-capitalist agenda.”