Minutes After Turnbull Launch, ALP Releases Its Election Costings

The ALP has released its election costings, projecting that they would balance the Budget in 2020-21, the same year as the government.

The Opposition’s “Fiscal Plan” proposes $10.5 billion more savings than spending over the decade. However, the Budget bottom line will be $16.5 billion worse over the 4-year Forward Estimates.

The ALP says: “The more modest fiscal consolidation over the forward estimates of around 0.2 per cent of GDP per year (on average) is more than made up for by Labor’s structural savings over the medium term. Labor’s approach to budget management has fairness at its core, and will not seek to fix the Liberals’ budget mess by attacking family budgets. We will budget transparently and honestly.”

The costings were released in Sydney by the Shadow Treasurer, Chris Bowen, and the Shadow Finance Minister, Tony Burke. The Opposition Leader, Bill Shorten, is in Gladstone. The release was announced during Prime Minister Turnbull’s campaign launch and took place at 1.00pm, shortly after Turnbull finished.

The costings document is shown below. [Read more…]


Bill Shorten Delivers ALP Policy Speech At Penrith Campaign Launch

Bill Shorten has delivered the ALP’s policy speech for the 2016 federal election.

ShortenPicture credit: image posted on Twitter by @AustralianLabor

Speaking in Penrith, in the western Sydney seat of Lindsay, Shorten gave a speech light on new promises but heavy on appeals to the Labor faithful. Defence of Medicare was a constant theme of the speech, with Shorten paying homage to former prime minister Bob Hawke’s role in establishing the scheme in 1983.

The proceedings began with a speech by Emma Husar, the ALP candidate for Lindsay. Shadow Treasurer Chris Bowen and Deputy Leader Tanya Plibersek also spoke.
[Read more…]


Treasurers Debate: Scott Morrison And Chris Bowen At The National Press Club

Scott Morrison and Chris Bowen have met in a Treasurers Debate at the National Press Club.

The debate came at the end of a week in which the government has sought to focus attention on ALP costings in the election campaign.

Scott Morrison has been Treasurer since last September, when Malcolm Turnbull overthrew Tony Abbott as prime minister. Chris Bowen, a minister in the Rudd and Gillard governments, was briefly Treasurer in the second Rudd government in 2013. [Read more…]


Chris Bowen Says The ALP Must Be The Party Of Growth, Opportunity And Fairness

The Shadow Treasurer, Chris Bowen, has set out a policy approach for the Labor Party’s future.

BowenIn a speech to the McKell Institute, Bowen attacked the “prejudice” and “lazy thinking” of the Abbott government.

Of the way forward for the ALP, Bowen said: “Well, it is certainly not to retreat inward, to shy away from trade, to resist technology in a Luddite fashion or to become more inward looking, more suspicious of foreign investment or more embracing of protection. But nor is it to retrench support for individuals, to cut investments in basic services or give up the fight for a more equal society and for equality of opportunity.”

Bowen said the ALP had to be the party of growth: “Labor is and should always be a party of economic growth.”

More than ever, Bowen said, the ALP also needed to be the party of opportunity and fairness: “…Equality of opportunity has always mattered to Labor. It’s what drives us. And it is now more important than ever before.”

Bowen began his speech with a tribute to the former NSW Labor leader, William McKell, who was Premier between 1941 and 1947. McKell also served as Governor-General from 1947 until 1953.

Transcript of speech by Chris Bowen to the McKell Institute.

Growth, Opportunity And Fairness: A Better Way

I’d like to thank the McKell Institute for the opportunity to speak here today.

Ever since I first read Vince Kelly’s “Man of the People” many years ago as a young lad, I’ve been an admirer of William McKell’s and respecter of his legacy. [Read more…]


Government’s Values Are Not The Nation’s Values: Shadow Treasurer Chris Bowen At National Press Club

The Abbott government’s values are not the nation’s values, Shadow Treasurer Chris Bowen has told the National Press Club.

Bowen

Delivering the traditional response from the Opposition to the Federal Budget, Bowen said the “swingeing” cuts “take us to an Australia so much less than what we could do”. [Read more…]


ALP And Greens Condemn Government Over Audit Commission Report

The ALP and the Greens have both condemned the government, following today’s release of the National Commission of Audit’s report.

Shorten

The Leader of the Opposition, Bill Shorten, and the Shadow Treasurer, Chris Bowen, have held a press conference in Sydney. Shorten described the Audit report as “a blueprint of Tony Abbott’s broken promise for his Budget”. He said it was a plan to put up taxes and cut services. [Read more…]


ALP Pledges To Keep Qantas Australian; Says Jobs Will Be Lost Under Government Plan

The Federal Opposition will oppose the Abbott government’s plan to repeal Section 3 of the Qantas Sale Act.

Speaking at a press conference in Canberra tonight, Opposition Leader Bill Shorten, Infrastructure and Transport spokesman Anthony Albanese and Shadow Treasurer Chris Bowen said the “Australian icon” and jobs would be lost offshore. [Read more…]