May 15, 2021

Manly Quarantine

Healthy is Life

Australia news live: Melbourne announces new Covid quarantine facility; Frydenberg talks up budget plans

Victoria says 500-bed $15m facility to be built in Mickleham; Australia’s medicine regulator expected to...

Victoria says 500-bed $15m facility to be built in Mickleham; Australia’s medicine regulator expected to determine whether death of two men in NSW linked to coronavirus jab. Follow the day’s news live

2.06am BST

So for those struggling to follow, or just joining us, here is the long and short of it:

The treasurer, Josh Frydenberg, has made it clear there will be no “sharp turns towards austerity” just yet.

2.02am BST

Frydenberg has discussed the end of Jobkeeper:

that is why we moved from economy wide support like JobKeeper, which we always said was an emergency temporary payment. We tapered down and brought in a second amended it as we said we would up to 12 months. Others were saying the sky was going to fall in and it needed to be continued as a cost of more than $2 billion a month and we held firm*.

In that firmness has been good for the Budget, and good the economy, also good for the Labour market because it means a more efficient movement of workers to more productive roles across the economy.

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