The second Giuseppe Conte government in Italy retains ambitious spending plans that may be in conflict with Brussel’s demands to reign over the public deficit.

Ahead of submitting the 2020 budget, Conte’s administration intends to slash payroll tax – whilst instituting a minimum wage – maintain a minimum guaranteed income for every citizen, and avoid an automatic VAT hike. That means increasing spending whilst achieving overall budget savings to the tune of €23bn in order to remain within the...

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