We need to stop pretending the Australian economy isn't addicted to government support. And if the government is serious about reform, it shouldn't wait until late in the year to release a long-delayed budget.
Good morning, early birds. Boris Johnson has refused to sack senior adviser and Brexit mastermind Dominic Cummings over multiple lockdown breaches, and despite the $60 billion error, Josh Frydenberg stands firm on the JobKeeper eligibility criteria. It's the news you need to know, with Chris Woods.
Good morning, early birds. The Chinese government has announced it plans to impose new security laws in Hong Kong, and, in a separate story, has begun warning state-owned utilities against purchasing Australian thermal coal. It's the news you need to know, with Chris Woods.
The government is refusing to talk about the economy beyond the end of June — because it would raise the question of how it plans to address persistent high unemployment.
Crikey helps cut through all the numbers on the cost of coronavirus. Plus, Victoria heads back to school, and Boris loses breakfast TV.
Good morning, early birds. Treasurer Josh Frydenberg warns Australians stand to lose billions if states are forced to resume shutdowns, and in Blighty, PM Boris Johnson wants everyone back to work quick smart. It's the news you need to know, with Chris Woods.
Neither the treasurer nor the media seem interested in discussing the real state of the economy. But the Reserve Bank is, and its fears about the path to recovery are clear.
Treasury has estimated the national shutdown is costing Australia $4 billion a week.
Even in its small policy successes in fighting COVID-19, the government managed to completely fail.