8 December 2008 05:32
"Reducing the SG actually improves the Government’s Budget position, because the increased wages would be taxed at a higher rate," Cole said.
"Yes, you do get a short-term reduction in the level of national savings but in the context of this crisis, that is probably an acceptable price to pay to avoid a major recession."
The full text of the economists’ open letter can be read here.
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Ryan Riedler, head of ASX core strategy, Australian equities at Cbus, says the fund will look to generate alpha locally through engagement and that internalisation will help it strengthen its connection with other market participants, as well as its brokers and service providers.
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