Business
Bitter taste of lockdown that industry group says will cost business $2.5b – The Age
Victorian businesses will suffer a $1 direct hit from the lockdown with another $1.5b in indirect costs, Australian Industry Group says.
The Victorian lockdown is the first COVID-related economic shutdown since the JobKeeper wage schemes and other government business subsidies closed at the end of March and Thursdays announcement plunged thousands of businesses and their employees into financial uncertainty.
In a phone call on Thursday, state Treasurer Tim Pallas appealed directly to his federal counterpart Josh Frydenberg for Commonwealth financial support.
But a joint approach to the economic aspect of the crisis is likely to be…
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