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Budget will let 400,000 people retire in early 2019 says Salvini

POLITICS
Budget will let 400,000 people retire in early 2019 says Salvini

A total of 400,000 people will be able to retire at the start of next year, creating the same number of jobs under the populist government's budget plans, interior minister Matteo Salvini stated on Friday.


"The provisions of the (highly unpopular) Fornero law (which raised the retirement for both sexes to 67 by 2019) will end at the beginning of next year," Salvini said.

"This will happen without penalties, constraints or income ceilings, allowing 400,000 people to retire and start living again, freeing up the same number of new jobs for others," Salvini wrote on Facebook.

The 2019 budget will introduce a flat tax of 15 percent for at least one million people, including freelancers, self-employed professionals and small business people, he wrote.

"This will be accompanied by major tax concessions for firms that reinvest their profits in new hirings, research and equipment," Salvini went on.

An extra 10,000 men and women will be taken on by Italy's security forces in an "unprecedented" move claimed Salvini, who heads the far-right League party.

"Let's move forward, #from words to actions!" Salvini's post ended.



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