The Government has gone ‘all-in’ with the Budget, betting on the private sector to pony up and drive the post-coronavirus economic recovery for the nation.
Overall this is a Budget with plenty of useful and targeted measures for business.
At a deeper level we face a paradox, that a crisis situation needs fundamental reform but it is also a difficult environment to achieve that reform in.
The size of this current economic and social catastrophe brought about by COVID-19 is one we haven’t seen in nearly 80 years. It will take time to come back from this. But our nation can.
Despite the challenges, it is encouraging to see a generally upbeat mood among the CEOs, CFOs and directors surveyed in terms of prospects for the next few years.
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