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Government to take fiscal U-turn 70 years after 'horror budget'

Save Share “We make no apology for giving you a budget which will entail sacrifice,” concluded the Menzies government’s Treasurer Arthur Fadden in September 1951, less than two months after The Australian Financial Review started publication. But Sir Arthur’s punishing tax assault on households and businesses was not well received by Australia’s upstart first national newspaper. “FADDEN’S DISASTROUS BUDGET FOR 1951-52,” screamed its page one headline. Si...
South Australia United States New South Wales United Kingdom Darling Downs Sydney Harbour
Source: afr.com

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