France’s Prime Minister Francois Bayrou has lost a confidence vote in Parliament, hours after warning that the country was facing “life-threatening” debt, deepening a political crisis and handing President Emmanuel Macron the task of finding a fifth prime minister in less than two years.

Bayrou, who has been in office for nine months, will tender his resignation on Tuesday, his office said. Macron’s office said a new appointment will be made “in the coming days”.

The National Assembly voted on Monday to bring down the Bayrou-led government over its plans to cut about 44 billion euros ($52bn) to reduce the country’s debt. Bayrou had staked his leadership on securing parliamentary approval for a budget plan that aimed to slash a deficit almost double the EU’s three percent ceiling and a de

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