The Coalition must abandon Newstart cuts

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By Leith van Onselen

Peter Martin has written a great piece today imploring the Turnbull Government to abandon its planned $4.40 a week cut to unemployment benefits (“Newstart”) for new recipients:

No credible organisation thinks it should [cut Newstart]. The Business Council says Newstart is so low it “presents a barrier to employment and risks entrenching poverty”. The Organisation for Economic Co-operation and Development says it raises issues about its effectiveness in “enabling someone to look for a suitable job”.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.