Treasurer says Bill Shorten is giving up on economic growth, and warns sectors that use trusts that Labor is ‘coming after you’Scott Morrison has rejected the suggestion that inequality is getting worse and attacked Bill Shorten for giving up on economic growth. Asked whether Australians would feel they were doing better given low wage growth, Morrison said his objective was to grow the economy “so they do better and their wages increase”. “The Gini coefficient has been drifting up and households in upper-income brackets have benefited disproportionally from Australia’s long period of economic growth,” the report said. Read moreMorrison said Shorten’s speech showed that Labor had given up on economic growth, that Australians could not get wage increases. “For Bill Shorten now it’s all about how he carves it up, not how he grows the economy,” Morrison said.

Source: The Guardian July 23, 2017 23:26 UTC