The Minister of the Economy joined our colleagues on RTL Radio on Monday morning to discuss his expectations for the upcoming year and the potential of running alongside the Minister of Health in the 2023 general elections.
Minister Fayot predicted that the elevated energy costs will continue to be an issue in 2023, prompting the government to continuously work on aids for businesses. The politician from the Luxembourg Socialist Workers’ Party (LSAP) announced that he will present a respective proposal to the Chamber of Deputies this week.
Asked about the potential evolution of the situation, Minister Fayot explained that a lot will depend on inflation, the war in Ukraine, and monetary policies in general. A new tripartite meeting will be organised in case a third wage indexation becomes necessary. The government has enough financial wiggle room, he further ensured.
Thanks to the tripartite meetings, Luxembourg has managed to keep its inflation lower than most European countries, said the Minister. The energy price cap helped keep inflation low and had an overall positive impact on prices, which is why it represents such an important step, according to the LSAP politician. Nevertheless, economic growth is expected to remain moderate in 2023 and 2024.
Asked about next year’s general elections, Minister Fayot conveyed his desire to run alongside Minister of Health Paulette Lenert, as top candidates in the central electoral district: “However, I think that this is still not fully decided.” Thus far, Minister Lenert has repeatedly indicated that she prefers to run in the eastern district, but has also acknowledged that this is not yet decided.
Minister Fayot also discussed the supply chain law, expressing his willingness to fully take over the European regulation proposed by Brussels. The LSAP politician concluded by saying that different ministries are cooperating on the issue and that it is important for businesses to respect high standards in the domains of human rights, the environment, and social issues.
2023 general elections: Franz Fayot would love to run alongside … – RTL Today
