OPINION: Business people shouldn’t fall for claims that the Liberals are the party of reform and low taxes. History and the government’s own economic forecasts confirm this is wrong.
While Albanese spoke repeatedly about policies to lift productivity growth, Morrison didn’t consider there was any reason to undertake economic reform.But the Morrison government’s own budget forecasts and those of the Reserve Bank of Australia tell a different story.Nobody should be surprised, therefore, that after the sugar saved by households from the COVID-19 stimulus payments runs out, the economy will hit a wall.Budget Paper No.
has been acknowledged by KPMG and the Grattan Institute as a reform that will raise both female workforce participation and national productivity. A commitment to convene an employment summit to bring employers and unions together to ensure enterprise bargaining works effectively has productivity-raising potential.
They did not. Instead, they set out the case for reform and indicated the directions in which they proposed to head, such as creating the open, competitive economy through tariff reductions and co-operation with trade unions and business organisations to modernise the workplace relations system.
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