"There will be another phase of income support, it will be temporary and targeted and announced on 23 July," he told the Seven Network.and the $550-a-fortnight coronavirus supplement paid to people on JobSeeker, Youth Allowance and other welfare programs.that could cripple the economy for the rest of the year.
"We've announced a number of sector wide specific packages for housing, for the arts, for tourism. But we also recognise that the recent events in Victoria are being to be an impediment to the speed and the trajectory of the economic recovery across the nation." Westpac economists this week upgraded their forecasts for the budget which as recently as December was expected to show the first surpluses since 2007-08.
spend the whole $60 billion Josh.
I thought they loved a false economy!
Yep and still, essential workers & frontliners don’t get any support. Not even a measly raise while working every Pandemic day. 🤷🏻♀️Meanwhile hundreds of billions are thrown & wasted on defense 🤦🏻♀️.Or rorted. This federal goverment does not prioritise people.👎🏼 auspol Covid19Au
tax cuts for those on $200k? well guess thats the deposit for the new Mercedes or Porsche, that should help the 100's of thousands unemployed who cannot pay rent, utilities or put food on table.Those tax cuts were from a time past before covid-19 & should be scrapped & redirected
The countries who continue to support their citizens through this pandemic will end up with the biggest debt BUT they will have an operational society that can work it 's way out of it.
Nice, they've achieved the bare minimum.
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Treasurer signals 'income support' to avoid September cliffJosh Frydenberg says the government will set out a new income support program when he releases an economic update on July 23. swrighteconomy The treasurer needs to let people know now ,to stop the anxiety amongst the community about their future financial situations swrighteconomy during the GFC they bailed out big banks Now it is endless income bailouts We need a cut off income level Those who earn over $100k NO JOBKEEPER swrighteconomy People that get fined for not staying at home and socially distancing should lose any income support they receive
Source: smh - 🏆 6. / 80 Read more »
Banks to offer further four-month mortgage break to avoid September 'cliff'Customers still struggling to make loan repayments due to COVID-19 will be offered deferral extensions of up to four months, but they will not be automatically granted, Australian banks announce. If they want to help drop their credit card rates to 10% instead of having them at 22% so cash flow starts and people spend money so our economy restarts LET IT CRASH give us a chance ffs Yet again another example of the upper half of society getting assistance while the renting classes miss out. If an owner can defer their mortgage, how is it they can continue to claim rent if the property isn't their primary residence?
Source: abcnews - 🏆 5. / 83 Read more »
Government could bring income tax cuts forward in response to COVID-19The Federal Government might bring forward planned income tax cuts, after Treasurer Josh Frydenberg's acknowledgement that plunging most Victorians back into lockdown will cost the economy billions of dollars. Gee. That will help........😐 voodoo economic with tax cuts n bailouts GESARA in bound
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'All support necessary': Frydenberg promises economic help to VictoriaJosh Frydenberg has promised Victoria all the help it requires from the Commonwealth after the state was plunged into a further six weeks of economic uncertainty Change the government. Anyone seen Morrison? Is taking holidays during national emergencies just his thing now? bencubby Just like ScottyFromMarketing promised the bushfire survivors $2b in recovery funding that never eventuated?
Source: smh - 🏆 6. / 80 Read more »
Axing coronavirus payments in September would cost jobs: Chalmers | Sky News AustraliaShadow Treasurer Jim Chalmers has warned against quickly pulling back coronavirus support payments arguing it will cost Australian’s jobs and hurt the economy.\n\n“If the government’s original instinct was the right one and we think it was then you need to make sure you apply that quickly enough and broadly enough to make a difference in the labour market,” he said. \n\n“Don’t just snap it back in the last weekend of September … that would cruel the economy and cost jobs.”\n JEChalmers Bet it was just a statement, an argument would have a statement as to how labor would pay for it which is something they wouldnt be capable of doing. JEChalmers 20 years of the dumb population ponzi property speculation economy, then our leaders outsource their responsibilities to OH&S & now looking into the face of a depression they still cannot offer anything like a sustainable productive plan. Too corrupt and captured. Kick LibLab out JEChalmers
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Live: Treasurer warns lockdowns could cost economy $1b per weekJosh Frydenberg's warning comes as Melburnians prepare for another six weeks at home and people queue at the Victoria-New South Wales border following its closure last night. Follow live. & how much does a life cost? Why is there a price on saving lives? COVID19Vic Take it from government workers.
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