Shadow Minister for Industry and Innovation Ed Husic spoke to Sky News about the need for it going forward to help the economy.
“We want to send a signal to young Australians who have a massive stake in the future of the economy that we want to back them and their ideas to build new firms and new jobs,” he said. “We want to work with the university sector and others in the innovation space to determine how we do that selection process, and the big thing for us is to build that momentum. “We need to see an influx of new firms coming in with new ideas to improve the way the economy works.
It always takes Labor to move Aus forward.. Holden should still exists , making electric cars by now
Hang on. You forgot to bag Labor in that tweet. RUOK?
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Liberals had no choice but to take 'Labor stance' on budget: Richo | Sky News AustraliaThe Liberals had 'no other way' but to take a Labor stance with the budget given to do otherwise would be a 'disaster' for the economy, according to Sky News contributor Graham Richardson.\n\n'The Liberals have to take a Labor stance on this because there's no other way, you can't turn around and start making cuts at the moment that would be a disaster for the economy - I think everyone would agree with that,' he told Sky News host Alan Jones.\n\n'Josh [Frydenberg] is welcome in our party now and I'm there to second the motion. I think he's done very well he's a great Labor treasurer and their should be more of it.' SkyNewsRicho
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Australia stages ‘world leading’ fiscal recovery after being hit by ‘economic meteor’ | Sky News AustraliaTreasurer Josh Frydenberg has likened the financial impact of the coronavirus to an “economic meteor” during his post-budget address before the National Press Club.\n\nIt comes after Mr Frydenberg handed down his government’s budget on Tuesday night with a sharp focus on lowering the unemployment rate by creating 250,000 new jobs.\n\nTreasury revealed a post-coronavirus jobs boom will wipe $53 billion from the forecasted budget deficit, lowering the predicted deficit to $161 billion.\n\nMr Frydenberg said quick action through the introduction of the JobKeeper subsidy saved thousands of jobs throughout the pandemic.\n\n“We've prevented a generation of Australians being lost to long-term unemployment,” he said.\n\n“We acted. We acted decisively, and now Australia is ahead of global pack.”\n\nMr Frydenberg said he could never have anticipated the emergence of the coronavirus and the response required to keep the country safe and economically viable.\n\n“When I took on the role of Treasurer, I couldn't have expected or dreamed of the fact that I would be standing here having just announced the budget that I did last night,” he said.\n\n“Nobody could have envisioned that we would go through a once-in-a-century pandemic and the biggest hit to the Australian economy since the Great Depression.\n\n“Australia has been hit by an economic meteor.”\n\nThe treasurer said while the world was still in the grip of the global pandemic Australia had recovered quickly from the financial hit.\n\n“75,000 more Australians are in a job today than when this crisis first hit,” he said.\n\n“I'm very confident that we have taken the right decisions to support the economy.”\n\nSpeaking of the management of the economy moving forward, Mr Frydenberg said it was important the government did not take its “foot off the accelerator”.\n\n“This budget was not a time for austerity. We couldn't take our foot off the accelerator. We had to consolidate the gains,” he said.\n\n“Unless people in this room a JoshFrydenberg Really? The one before COVID-19 must have been massive then. JoshFrydenberg But we're yet to see the full global financial impact of the pandemic !! I guess the Canberra bubble has extended to the Australian borders!
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Infrastructure projects in the budget are 'building what Australia needs' | Sky News AustraliaDeputy Prime Minister Michael McCormack says the budget pays for promised infrastructure “on delivery” after certain milestones have been completed. \n\n“The budget makes for infrastructure rollout $110 billion right across the economy, 30,000 additional jobs last night but as I explained to the member for Ballarat yesterday what we do is we pay on delivery,” he said. \n\nMr McCormack said the government waited until the job was completed before paying for the project and several commitments had been made in the budget.\n\n“We’re getting on with the job of building the infrastructure that Australia needs.”\n M_McCormackMP
Source: SkyNewsAust - 🏆 7. / 78 Read more »