6PR's Oliver Peterson says the announcements made by the government on Wednesday “effectively killed the travel industry and the hospitality industry”.
“Hundreds of thousands” of people working in the hospitality industry across Australia “are going to be facing some very uncertain times over the next six months,” Mr Peterson said The Australian is reporting “big banks are negotiating a multi-billion-dollar business rescue package with the Morrison government that could see taxpayers underwrite loans to small and medium-sized firms facing collapse, in a bid to avoid mass job losses and a deep recession”.
‘Necessarily affected the travel and hospital industry’
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