In July last year, Stage Three tax cuts delivered the average household $2.200 per annum. These tax cuts have helped support a modest recovery in consumer spending.
Perhaps the largest reason why the boost has been so modest, and is falling away fast, is that while the tax cut delivered an incremental gain in income, much of it is being sucked way by Albo’s invisible energy shock.
The shock is not because there has been another war or because there is another failure in the energy transition.
