An independent review of the wage subsidy scheme found it helped stabilise the economy during the pandemic,but tweaks are needed if it’s to be used in future crises.
An inquiry into the COVID-era JobKeeper program has been told the extra stimulus contributed to the surge in inflation that has forced the RBA to lift interest rates while eating into real wages.
The Labor government’s rejection of a recommendation to boost welfare payments reflects broad public acceptance of cruel fictions about the unemployed.
JobSeeker payments to the unemployed make up one third of the surge.
Only an intellectually impoverished society would not be curious about how these decisions were made and whether they worked.
Tax Office data shows how $88 billion in JobKeeper flowed through COVID,with restaurant operators,construction firms and livestock producers getting help.
As he approaches 50,the businessman is still hunting out opportunities,with plans to take on Victoria’s foodie scene and add a skyscraper to Sydney’s Ivy.
The Treasurer is the friendly face of an unpopular government. Despite $1 trillion in debt,his budget on Tuesday will be a critical strike before the federal election.
An eight-month investigation has revealed WA’s most elite private schools had their “snouts in the trough” of JobKeeper,enabling them to record hefty profits.
New data contained in private schools’ annual reports reveals the majority of that funding was received by just 10 schools,while all 33 schools that received the wage subsidy also posted a surplus in 2020.
The early indications from two years of the economic dislocation of the coronavirus pandemic are in. More of the same – just more extreme.