What is the France Livret A?
had its best July since 2009, boosted by the doubling of its pay rate
The doubling of his pay rate, which rose to 2% on August 1, has a lot to do with it.
The Booklet A has seduced savers again in July, with a net collection of 2.64 billion euros according to data published on Tuesday by the Caisse des dépôts.
A record savings thanks to the announcement of a doubling in August of his pay rate, to 2%.
France Livret A
This positive balance between deposits and withdrawals, the highest since 2009, brings the total outstanding amount of Booklet A to 362.5 billion euros. The cumulative outstanding amount with that of the Sustainable and Solidarity Development Booklet (LDDS), which increased by 480 million euros last month, amounts to 491.8 billion euros. The outstanding amount of the two regulated booklets has swelled by more than 22 billion euros since January 1, which is more than in 2021 as a whole.
The success of these very popular, guaranteed and liquid savings products is linked to the increase in their pay rates, from 0.5% to 1% on February 1 and then from 1% to 2% on August 1.
The second tier was announced on July 15 by the minister of the economy Bruno Le Maire, on the recommendation of the governor of the Bank of France François Villeroy de Galhau. This increase should also continue until February 1 next year, according to the latter, in charge of the calculation.
France Livret A details
But the yield on the A-Book remains negative taking inflation into account. The latter reached 6.1% year-on-year in July according to Insee.
Managed jointly by the Caisse des dépôts and the banking networks, the Livret A is mainly used to finance social housing, while the LDDS is dedicated to the social and solidarity economy as well as energy savings in housing.
These figures do not include those of the Popular Savings Book (LEP), reserved for households with no or low taxes, whose remuneration rose to 4.6% on August 1.
# France Livret A #
More news:
Mass distribution: The consumption deadlines removed on some products by some brands
Sugar, vinegar and oil lose their expiration dates at Carrefour.
More and more retailers are questioning the expiration dates displayed on the packaging of food products. As Le Parisien reported on Friday, Waitrose supermarkets in the United Kingdom have even removed the deadlines on 500 food items. In France, companies such as Carrefour, Auchan, Leclerc or Intermarché have signed the DLC pact, launched in January 2020.
The document, written by Too Good To Go, proposes commitments to "educate and raise awareness internally and externally about consumption dates". The stated goal: to limit the ravages of food waste at an environmental and economic level. The Ademe (Environment and Energy Management Agency) estimates that 10 million tons of food are thrown away every year, while many are still expendable.
Indeed, many consumers do not know the difference between the consumption deadline (DLC) and the minimum durability date (MDD). When the first is exceeded, consuming the food can pose a health risk. However, in the case of the second, the smell, taste and appearance of the product may be impacted, but without any danger to the consumer. According to Capital, some brands have decided to go further by moving back certain expiration dates. Carrefour, for example, has simply removed the MDD on oil, vinegar and sugar.
The communication manager of Système U also explains to Le Parisien: "Since 2018, we have pushed back the consumption date for 223 references (yoghurts, cold cuts ...), on an average of fourteen days, after rigorous tests on the durability of the items. As for the products for which this would represent a danger, such as minced meat or fish, we will not touch them. There is no question of mortgaging the health of the consumer. »
