Global Power | Local Knowledge | Uniquely Personal
中文

Australian Governments Emotional Crisis

At a time when Mental Health is a widely accepted community issue, we have seen the Liberal Party go through the political equivalent of an emotional breakdown through the second half of 2018.

At a time when Mental Health is a widely accepted community issue, we have seen the Liberal Party go through the political equivalent of an emotional breakdown through the second half of 2018.

The irony is that they have been doing a solid job on the economic front, with the budget and economy well on track and employment growth extremely strong.

This didn’t seem enough to stop the toppling of former leader Malcolm Turnbull and create an ongoing air of instability around new Prime Minister Scott Morrison as we head to an election sometime in May.

The likelihood of Liberals retaining government is a long shot to say the least, and with Labor ready to grab the cheque book and spend big through piling on additional taxes and debt, it is a worrying start to the year and will be very interesting to watch events unfold.

Will the electorate be more afraid of Liberal instability or Labor spending and tax increases?  The former seems likely at this time.

The one thing we do know is that politics is no longer boring, but I am not sure that is a good thing!  Personally I find myself longing for the days of political monotony.

DISCLAIMER: All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

COPYRIGHT: All information provided is protected by international copyright laws. You may not copy, reproduce, distribute, publish, display, perform, modify, create derivative works, transmit, or in any way exploit any such content, nor may you distribute any part of this content over any network. Copying or storing any content is expressly prohibited without prior written permission of SMATS Group or the copyright holder identified in the individual content's copyright notice. For permission to use the content on please contact info@smats.net.

Subscribe Now