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Bank CEOs say tax cuts and write-offs are just the tonic – The Australian Financial Review

The bosses of the big banks got behind the budget, saying measures targeted at wage earners and business owners are the right strategy for the economy’s predica…

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Business will drive our economic recovery. We must do everything we can to support and strengthen businesses right now and the budget measures announced by the government will certainly help to do that as we begin to transition from support to stimulus, Mr McEwan said.
Westpac chief executive Peter King described the budget as “right for the times”, saying the balance of measures would play a critical role in rebooting the economy and bringing the nation out of recession. He accepted that the t…

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