October mini-Budget?

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From Fairfax:

Fairfax Media understands Mr Turnbull and new Treasurer Scott Morrison are planning to bring forward the Mid-Year Fiscal and Economic Outlook from its usual December release to reset key policy directions, with education and taxation among the areas set for change.

…Just one day after his widely praised reshuffle of the ministry, the new Prime Minister is also being criticised by disgruntled right-wing Liberals who say the reshuffle was a case of winner takes all and resembled more of a hostile company raid than the merit-based renewal it was presented as.

…The source predicted Mr Turnbull would now set about changes in policy via the cabinet process but would face little resistance for his “liberal” agenda because he had “stacked the cabinet”.

Some of those changes may already be under way with reports the Clean Energy Finance Corporation and the Australian Renewable Energy Agency are to be transferred to the control of the Environment Minister…And Mr Turnbull has left the door open on other policies too, suggesting emissions cuts and Direct Action would be examined if they were not working as well as expected, and that tax policies were also being constantly looked at.

Excellent work. Run the brown shirts out of town and get on with reform. Labor left in the dust.

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.
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