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Federal Budget 2021 Australia: Albanese blasts 'showbag Budget' in reply speech


Mr Albanese said a Labor government would follow three guiding principles .
One, an economy that delivers for working families. Two, investing in Australia s future, he said.
And three, no-one held back and no-one left behind.
Mr Albanese returned to the theme of wage stagnancy, saying they had not grown in eight years while costs had kept rising, and claiming real wages would decline over the next four years.
The Liberals offer up nothing but a showbag Budget, he said.
Federal Budget 2021: The key figures(Graphic: Tara Blancato)
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Flashy enough to sell on Tuesday night, beginning to fall apart the very next day when the reality of falling real wages, vaccination confusion, infrastructure cuts and productivity inertia become apparent. ....

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The Coalition's child-care subsidy plan: how it works, and what it means for families and the economy


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The Grattan Institute began with contributions to its endowment of $15 million from each of the Federal and Victorian Governments, $4 million from BHP Billiton, and $1 million from NAB. In order to safeguard its independence, Grattan Institute’s board controls this endowment. The funds are invested and contribute to funding Grattan Institute s activities. Grattan Institute also receives funding from corporates, foundations, and individuals to support its general activities as disclosed on its website.
Danielle Wood and Kate Griffiths do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment. ....

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The LNP's child-care subsidy plan: how it works, and what it means for families and the economy

The LNP's child-care subsidy plan: how it works, and what it means for families and the economy
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