Australia cannot keep inflation under control and keep its high standard of living unless businesses “stay viable and sustainable”, says Nationals Senate leader Bridget McKenzie.
“Private enterprise runs the joint, and we need to make sure that they are able to be prosperous so that they can continue to employ Australians,” Ms McKenzie told Sky News Australia.
“Having wage increases without consequent productivity gains in workplaces and the economy more broadly, actually won’t mean we get the economic settings right to put downward pressure on inflation and grow the economy.”
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Young Australians now the least likely to attend arts events as cost of living bitesReport finds over-55s feeling more confident about spending and avoiding Covid-19 – but younger Australians and families are feeling the pinch
Read more »
Netball Australia back in the black as TV deal helps shift financial fortunesReported to be on the brink of financial ruin 12 months earlier, the sport was cash-flow positive in 2022
Read more »
Australia to join Pacific security talks, without BidenUS Secretary of State Antony Blinken has been dispatched to talks between Pacific Island leaders and India’s Prime Minister Narendra Modi next week.
Read more »
Why Australia's most flood-prone postcode isn't a priority for improved flood warning systemsLismore, the epicentre of Australia's most expensive natural disaster, was not prioritised in this week's federal announcement of $236 million to fund flood warning upgrades.
Read more »
Australia unveils new sanctions on Russia as prime minister arrives in Japan for G7 summitAustralia has unveiled new sanctions against Russia in response to the invasion of Ukraine, a move the federal government said is aimed at slowing Vladimir Putin's war machine. 9News
Read more »
Australia unveils new sanctions on Russia as prime minister arrives in Japan for G7 summitAustralia has unveiled new sanctions against Russia in response to the invasion of Ukraine, a move the federal government said is aimed at slowing Vladimir Putin's war machine. 9News
Read more »