In this episode, Opposition Leader Sussan Ley delivers a major economic address on restoring Australia's productivity and living standards, followed by an extended Q&A with CIS Executive Director Michael Stutchbury.
Recorded live in Sydney, Ley argues Australia has reached an economic "turning point," with productivity growth at its weakest in 60 years and the biggest fall in living standards in the developed world according to OECD data. As Member for Farrer since 2001 and former minister across Health, Aged Care, Environment and Regional Development, she outlines the Coalition's alternative economic strategy centered on lowering personal income taxes and repairing the budget through spending restraint.
Ley examines how the average worker now pays 24.3% of their income in tax, up from 22.3% under John Howard in 2007, and the impact of government spending and regulation reaching historic highs. She opposes Labor's multi-employer bargaining laws, advocating instead for enterprise-level bargaining. Her address provides insight into the Coalition's approach to lifting productivity, rewarding aspiration, and ensuring intergenerational fairness as Australia faces mounting economic challenges.
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