General
Federal Labor pledges $15 billion manufacturing fund to safeguard Australian in lead-up to election
Federal Opposition leader Anthony Albanese will promise to establish a $15 billion “national reconstruction fund” if Labor wins the next election, ahead of the party’s special policy conference beginning in Sydney.
Key points:
- Mr Albanese argues the COVID-19 pandemic highlights weaknesses in Australia’s manufacturing industry
- The fund would operate with an independent board making decisions about how to invest the initial $15 billion
- Mr Albanese has repeatedly criticised the Coalition for eroding the local manufacturing industry
Mr Albanese argued the COVID-19 pandemic had highlighted significant weaknesses in Australia’s manufacturing industry and said billions needed to be spent to ensure the nation could support itself in the future.
The…
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