Australian finances response updates: Coalition punts on enterprise for Covid restoration – politics dwell | Australia information

2020/10 06 21:10

The post-budget media merry-go-round has begun in earnest.

Each Scott Morrison and Josh Frydenberg have been go, go, go since earlier than 7am with Anthony Albanese and Jim Chalmers additionally stepping as much as supply their views.

Not that something has modified. The federal government’s reply to the financial disaster is tax cuts and enterprise write-offs, based mostly on the belief every part turns round subsequent yr and begins going proper, and Labor doesn’t assume it’s sufficient however is “inclined” to help it.

It’s all being thrown collectively in an enormous omnibus invoice which shall be launched this morning and handed with no dramas, based mostly on present indications.

We’ll have extra of the reactions this morning. There’s additionally what’s occurring with Covid in Australia – Victoria continues to be not out of the woods with 19 October wanting more and more much less probably as a date on which every part begins getting simpler in Melbourne. There seems to be, on the present numbers, because the Butcher’s Membership outbreak continues, no less than yet another week of lockdown past that.

In the meantime, Centre Alliance’s resolution to help the college adjustments, that means humanities college students will now pay 113% extra for his or her diploma (American-style uni money owed, come on down!) signifies that invoice will go – however it ought to in all probability get some extra consideration. Rebekha Sharkie prevented most media asking her to clarify the choice yesterday, however simply because the finances was handed down, doesn’t imply it ought to be ignored.

We’ll carry you all of the day’s occasions as they occur – in addition to what else was within the finances and the implications of a few of these less-noticed adjustments. Inhabitants progress has been completely smashed, for instance, and that has some fairly massive implications for each the nation’s main cities and regional hubs.

The finances would possibly paint a rosy image of life past the second half of subsequent yr – however the element behind it reveals simply how lengthy and bumpy it’s going to be.

You’ve obtained Amy Remeikis with you at present, in addition to entry to your entire Guardian brains belief. I’m going to seize one other espresso, not that it’s going to assist, however it can no less than make me really feel like I’m doing one thing to ease the sense of existential dread 2020 has created.

Prepared? Let’s get into it.

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