Tag: Christine Lagarde

Francois Baroin to replace Lagarde as finance minister

Francois Baroin to replace Lagarde as finance minister

It has been confirmed that 46-year-old Francois Baroin will take over from Christine Lagarde as France’s finance minister. French President Nicolas Sarkozy confirmed the appointment yesterday. The announcement comes after Ms Lagarde became the managing director of the International Monetary Fund (IMF) – the first ever woman in the role. Ms Lagarde replaced Dominique Strauss-Kahn […]

June 30, 2011 More
France’s Lagarde becomes first female IMF chief

France’s Lagarde becomes first female IMF chief

It has been confirmed that French Finance Minister, Christine Lagarde, is to become the first ever woman to head the International Monetary Fund (IMF). The 55-year-old has been the front-runner since the position became available when Dominique Strauss-Kahn, former managing director of the IMF, was forced to step down after being accused of sexually assaulting […]

June 29, 2011 More
Osborne shows support for Lagarde to take IMF role

Osborne shows support for Lagarde to take IMF role

Chancellor George Osborne has showed his support for Christine Lagarde to take over as chief at the International Monetary Fund (IMF). Mr Osborne believes the 55-year-old Economy Minister is an “outstanding candidate” for the position and is set to formally nominate her. The chief role at the IMF is available after Dominique Strauss-Kahn was forced […]

May 22, 2011 More
France revises 2012 growth forecast

France revises 2012 growth forecast

France’s Economy Minister Christine Lagarde has said the economy will expand 2.25% in 2012, revised down from a previous estimate of 2.5%. The revision was based on the fact that global demand for French goods is likely to weaken. In an interview with Les Echos reported, the minister said: “Our forecast for two percent growth […]

April 14, 2011 More
HMRC confirms which organisations are affected by new super tax

HMRC confirms which organisations are affected by new super tax

HM Revenue & Customs (HMRC) has confirmed that the bank bonus tax will not apply to staff of non-banking firms such as insurers, assets managers and stockbrokers. There were queries about which organisations would be affected by the 50% tax, which was announced the Pre-Budget Report, but it has been confirmed that it will apply […]

December 21, 2009 More
France to introduce super-tax on bankers

France to introduce super-tax on bankers

French Finance Minister Christine Lagarde has today unveiled details of a 50% tax on bankers’ bonuses. After a cabinet meeting today, Ms Lagarde told reporters that a bill detailing the new tax would be presented to parliament early in the New Year. Any bonus above €27,500 (£24,000) will be taxed at a rate of 50% […]

December 16, 2009 More
French economy grows for second consecutive quarter

French economy grows for second consecutive quarter

France’s economy grew by 0.3% in the third quarter confirming that it has officially exited recession. French Finance Minister Christine Lagarde told Europe 1 radio that the economy would shrink in 2009 but enter 2010 “with elan”. France, along with Germany and Japan, also experienced positive growth in the second quarter, with them all “unofficially” […]

November 13, 2009 More
France reveals €26bn stimulus package to boost economy

France reveals €26bn stimulus package to boost economy

The euro zone’s second largest economy has unveiled a €26 billion (£23.5 billion) stimulus package in a bid to boost its economy and fight off the economic downturn. It is hoped that the plan will produce economic growth of around 1.3%. Francois Fillon, France’s Prime Minister, unveiled the package earlier today which is to be […]