When one minister’s response to the BCA’s blueprint for changing the economy is an eye-roll, it shows incoming chief executive Bran Black faces a challenge prosecuting his case.
Outgoing Business Council of Australia boss Jennifer Westacott says that, to date, Australia has stayed lucky. “But our luck is going to run out.”
Indeed, the phrase “lucky country” may soon come full circle to be viewed with the derision Donald Horne first intended when he wrote it in 1964.blueprint for the nation’s economic future will notice there’s not a great deal being proposed by the big business lobby that it hasn’t been urging for years.
Reducing personal income and company taxes, lowering inefficient taxes such as stamp duty and payroll and increasing GST revenue, overhauling skills training, cutting red tape, rolling back IR changes etc. It’s all in there.
Black’s response at best shows a great deal of optimism about the quality of the debate he is entering, or at worst, a great deal of naïveté. He is right that amid decades-high inflation and a cost-of-living crisis, it’s been a long time since people have been so attuned to the ebbs and flows of the economy and the factors influencing its tides.big
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