Business Briefing: Zombie measures, crackdowns and Brexit worries

The uncertainty in financial markets from Brexit throws a spanner in the works of the election campaign in its final week. Dan Himbrechts/AAPThe last week of the long election campaign started with the leaders of both major parties reinforcing their ideas for Australia’s economy, in the face of the volatility created by the UK’s exit from the European Union. The international instability may be playing to the Coalition’s strengths, while also calling into question Labor’s plan to increase the budget deficit, explains Saul Eslake, economist and Vice-Chancellor’s Fellow at the University of Tasmania. Australia needs it’s AAA credit rating now more than ever. However the Coalition’s clamouring about the need to reduce the amount of tax as a percentage of GDP may not be as crucial to economic success as it makes out.

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