Rolling back government financial support 'completely untenable' for small business | Sky News Australia

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Labor frontbencher StephenJonesMP says it is “completely untenable” for the government to roll back all its financial support schemes as businesses would undergo an “almighty crash”.

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Labor frontbencher Stephen Jones says it is “completely untenable” for the government to roll back all its financial support schemes as businesses would undergo an “almighty crash”. The Reserve Bank has appealed to the government to extend its Jobseeker and JobKeeper payments beyond the September deadline, as well as push for a plan to guide businesses out of the loan deferral scheme. Mr Jones told Sky News that small businesses alone had accrued $60 billion worth of loan deferrals.

 

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