Time For Restraint
ACCI Chief Executive, Peter Anderson, has told Fair Work Australia that the broad economic circumstances, with many business struggling in the slow lane of the economy, demands a moderate wages outcome.
A Broken Promise
This year's federal budget is strong in its ambition to repair government finances, however, its limited in its support for the economy and spoilt by its intention to proceed with the carbon tax and failure to deliver the promised company tax cut.
Confidence Boost
The Australian Chamber of Commerce and Industry is thrilled that the Reserve Bank Board has taken decisive action — as we hoped—and cut interest rates by 50 basis points—not just the normal 25. This will give a genuine lift on confidence to many businesses struggling in the slow lane of the economy.
Rates Cut Needed
The May edition of ACCI’s Survey of Business Expectations underlines the need for a cut in interest rates. The near 3000 business who responded nationwide report that conditions have improved slightly over the last three months, but all the key indicators remain well below long-term benchmarks.