Coronavirus Latest News
‘Treading water’: no sign household savings are flowing to small businesses
The New South Wales treasurer, Matt Kean, is calling on the federal government to stand by small businesses struggling through Omicron
- Follow our Australia news live blog for the latest updates
- Get our free news app; get our morning email briefing
Small businesses have rejected claims by the federal treasurer, Josh Frydenberg, that a “war chest” of private savings means they no longer need financial support, as the NSW treasurer, Matt Kean, increased pressure on the commonwealth for more funding.
On Monday Kean ratcheted up attacks on his federal counterpart for not matching the NSW government’s latest $1bn support package, accusing them of leaving small business behind.
Read the original article at The Guardian