France's socialist prime minister Jean-Marc Ayrault resigned yesterday. Joined by his entire government following meltdown in local elections .. Resignation is huge blow to France's social President Francois Hollande. Last night, Hollande admitted mistakes and said priority was to cut taxes ... last night socialist President Francois Hollande – whose rule has become synonymous with a 75 per cent top rate of income tax – admitted to mistakes and said his priority was now to cut taxes. The government’s resignation is a huge blow to the president, who was elected to a five-year term in 2012 but whose first two...