Abbott hoses swift action on Murray

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From Yahoo:

Prime Minister Tony Abbott has welcomed the “useful” recommendations from the independent Murray review handed down at the weekend but won’t jump to any conclusions.

“We’re not going to rush something out before Christmas,” he told ABC radio.

“We’re going to carefully digest the report. We will follow the community debate, we’ll take people into our confidence and then we’ll make decisions.”

…Treasurer Joe Hockey will be undertaking further consultations before responding to the recommendations after March.

That’s fair enough, I guess, but rising capital cannot begin soon enough.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.