The French are flocking to the booklet A and LDD

 With the increase in the ceiling, the collection reached 21.29 billion euros in October. Unheard of.Even more than usual, the booklet has aptly qualifier preferred placement of French. Driven by increasing their ceiling, Booklet A and Booklet Sustainable Development (LDD) collected 21.29 billion euros in October and broke all records, confirming the attractiveness of an investment promoted by the bad conditions.Tax shelter
According to the campaign promise of the candidate Francois Hollande, the government has raised effect on October 1, the ceiling of the LDD, which was doubled in 6000 at 12 000 € and that of Booklet A 25% to 15,300 to € 19,125. They both offer a fee of 2.25%, net of tax. For these days, and they represent a significant tax shelter for families who can afford to fill up their books.
In October, the collection of the LDD reached € 13.94 billion, an increase of outstanding nearly 20% in just one month, now with 6.6 million books to the ceiling. As for Booklet A, it is the second best month of net inflows (payments less withdrawals) of its 194 years of history, with 7.35 billion euros. In total, 5.2 million books are A ceiling.
In late October, the amounts deposited in these two books reach 325.5 billion euros, 88.8 billion more than the end of 2008.An additional increase expected ...
The Deposit and Savings Fund, an entity that centrally Booklet A and LDD will be able through this savings surplus, assuming an increase in the volume of their loans, which should reach 25-26 billion in 2012 to fund social housing.
Hollande pledged during his campaign to double the ceiling of the booklet. An additional increase should intervene. When? The government has not yet decided. Duquesne report commissioned by the Minister of Economy Pierre Moscovici and published in late September, offers two new nudges 25% in early 2015 and early 2016, which would bring the ceiling Booklet A to € 30,600. But we must first, he said, a detailed assessment of the effects of the first bearings.That ... does not please all
Bankers and insurers are, in fact, standing against the wind increases. According to the French Banking Federation (FBF), it should even have "an effect on the ability of banks to lend to their customers." With the arrival in early 2013, said the new regulatory framework Basel III, banks are under great pressure to increase their deposits. So they fear increased amounts deposited in Booklet A and LDD, 65% beyond their control for the benefit of the Deposit.
Another victim of the designated higher ceilings is life insurance, which was already in an awkward position for over a year, with net outflows during the last fourteen twelve months to September.