OPINION: The Productivity Commission’s ‘to-do list’ is the incentive-sharpening agenda Labor needs to run with to help Australia grow.
The Albanese government’s creditable start in foreign policy – from backing AUKUS, the Quad, and a deepening US-led alliance network in Asia to reengaging the Pacific nations – has been capped off bythat marks a welcome stabilisation of the Australia-China bilateral relationship.
Prime Minister Anthony Albanese and Treasurer Jim Chalmers: Labor has got off to a solid start in government.Before the May election, Anthony Albanese talked of wanting to lead a government in the Hawke-Keating Labor tradition that liberalised and opened up Australia’s economy., which was sprung on business at the jobs summit ambush, has wound back the clock on the workplace system to a time before Paul Keating’s enterprise bargaining liberalisation that grew real wages.
The need to “do something” prompted Labor’s rush to recall parliament before Christmas to force through its energy plan, which imposed a temporary 12-month cap on wholesale coal and gas prices and established a regulatory mechanism to permanently set. The gas industry says sovereign risk now jeopardises investment in new gas projects.
While delivering on the government’s childcare and aged care commitments, Treasurer Jim Chalmers’ first budget held the line against Labor’s Whitlamesque bigger spending and taxing impulses.
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