Govt will lose capital when it says ‘in big red letters’ the surplus has disappeared | Sky News Australia

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 78%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

News Corp Business Columnist Terry McCrann says the reason Australia has “soggy wages growth” is because businesses are not allowed to develop productivity and “do the deals with their workers”.

7min

Industrial relations reform continues to be a policy goal for the government, but former chief economist to the prime minister Andrew Stone says it requires “political capital” for it to be passed. Mr McCrann told Sky News host Peta Credlin he is unsure the prime minister has “a lot of political capital coming into this coronavirus issue”. He said the prime minister will lose a lot more capital when the government has to announce “in big red letters that budget surplus has disappeared”.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

How many press secretaries do the LNP have?

This says it all

do you mean those businesses who underpayed their staff.. no, I don't think they should be 'doing deals' with their workers

Because we rely too much on China!

They mean pay their workers less and their CEO’s more.

OKRupert

Don’t start Terry

Oh, of course. Business owner: 'I'd really like to increase your wages by 20% but, ya know, I'm not allowed to develop productivity. I want to, but I'm not allowed' Yep, that sounds completely plausible.

Always love when Terry's name pops up because it reminds me of his incredibly weird looking head

Sounds legit Terry 🤣

Yep they make deals with Chinese workers

Correct

Yeah and that explains all the wage theft doesn’t it 😆😂 Sky News is unfair competition for chaser

Have 6 kids & hear stories of: Unpaid overtime (apparently it's expected) Witheld superannuation Under paid salaries Non paid salaries (but lots of promises) Nepotism & at least 3 of these are LARGE corporations These are not mistakes, they are standard business models

That will be this Terry McCrann, yeah? (The one in the middle - and I think I'm being flattering.)

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Australia 'should expect an interest rate cut' on Tuesday | Sky News AustraliaSky News Business Reporter Edward Boyd says Australia “should expect an interest rate cut” on Tuesday because the economy has been weakened by bushfires and the coronavirus. \n\nThe ASX 200 bounced back in early trade, opening 1.5 per cent higher, however “consumer spending is really weak” and “economists believe there should really be a rate cut” to help stimulate the economy and “get it back on track'. \n\nThis follows more than a week's worth of declines, with the ASX down more than 10 per cent since February 20.\n\nWall Street closed higher on Tuesday morning, with hopes central banks would add stimulus to economies under threat by the coronavirus outbreak.\n\nImage: Getty It will achieve nothing. Either bring forward the tax cuts or start serious spending on infrastructure and start creating jobs. Was that a typo? Was that meant to read Arson & the coronavirus?
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Media 'will use coronavirus as a weapon against Trump' | Sky News AustraliaSky News host Paul Murray says the 'coronavirus will be weaponised by people in the United States to have a go at (Donald) Trump' and his presidency. \n\nPresident Trump has received some criticism for his response to the coronavirus threat in America, with a piece in The New York Times dubbing the disease 'Trumpvirus'. \n\n'It has been absolutely shameful how the media has almost been cheering on the virus,' Sky News host Rita Panahi said. \n\nThey have been 'cheering on the share market crashing' but have 'ignored' market gains she said. \n\n'It's all about doom and gloom, they just want disaster so that Trump is not going to be elected again'. \n\nImage: AP \n realDonaldTrump You mean the coronavirus that Murray’s hero said was a hoax from the Democrats? realDonaldTrump Crawling again. 🤮 realDonaldTrump ffs Murray's commentary is as good as Trump's In the last two days, Trump has lied about numbers, muddled what he's been told about government response, suggested that they use a strong flu vaccine and had to be corrected several times on a vaccine being ready in 2 months
Source: SkyNewsAust - 🏆 7. / 78 Read more »