France's Prime Minister Michel Barnier announced plans to increase corporate tax rates for wealthy citizens and large companies to address the country's worsening deficit. The temporary measures aim to raise approximately €2bn for public finances and will affect around 300 companies with turnovers exceeding €1bn. Barnier also indicated a postponement of the pension rise and plans for a new budget to be announced next week amidst a deepening budget crisis, with the public deficit expected to exceed 6% of GDP this year.