Living standards to fall without budget repair, business lobby warns by PeterRyan

The Australian Chamber of Commerce and Industry is warning that living standards in Australia are in jeopardy without significant budget repair. The Chamber has jumped on research showing Australia has fallen down the global competitiveness scale from tenth position to 21st over the past decade - coming in behind Luxembourg. ACCI is backing Malcolm Turnbull's economic agenda and will today unveil an economic blueprint endorsing the Coalition's policies on innovation, tax reform and workplace relations.