Original article by Greg Brown, Matthew Cranston
The Australian – Page: 1 & 4 : 11-Nov-26

Sources have indicated that the federal government is unlikely to pursue a major change of strategy in next month’s mid-year budget update. However, the Business Council of Australia has called for a range of measures in the budget update, including an annual real spending growth cap of two per cent and a 25 per cent reduction in red tape. The Australian Institute of Company Directors’ CEO Mark Rigotti in turn has urged Labor to accelerate its deregulation agenda in order to boost productivity. The AICD’s latest Director Sentiment Index shows that 90 per cent of company directors expect cost pressures to worsen over the next year, while ANZ-Roy Morgan Consumer Confidence has fallen to its third-lowest point since the survey began in 1973.

CORPORATES
BUSINESS COUNCIL OF AUSTRALIA, AUSTRALIAN INSTITUTE OF COMPANY DIRECTORS, AUSTRALIAN LABOR PARTY, ANZ GROUP HOLDINGS LIMITED – ASX ANZ, ROY MORGAN LIMITED