Business
Cut to jobseeker payment estimated to cost Australian economy $31bn – The Guardian
Deloitte report says reducing coronavirus supplement will harm economic recovery and decrease employment
Maintaining Australias pandemic-boosted welfare payments wont stop jobseekers from taking up work during the Covid recession, Deloitte Access Economics says.
Instead, cutting the $550-a-fortnight coronavirus supplement would harm the economic recovery and decrease both GDP and employment across Australia, the firm said in a new report.
The planned reduction to the supplement in two weeks before its removed entirely after Christmas would reduce the size of the economy by $31.3bn and cost the eq…
-
General9 hours agoQantas terminal at Melbourne Airport evacuated and flights delayed due to fire
-
General24 hours agoCalls for states to change alcohol laws ahead of women’s ministers meeting
-
Noosa News23 hours agoQueensland’s ‘promising’ coercive control laws see more than 50 charges laid in six months since criminalisation
-
General22 hours agoCool weather sets cherry crops ‘weeks’ behind schedule in lead-up to Christmas