State Budget Banks on an Electoral Winner

    Research output: Other contribution

    Abstract

    If you are looking for a popular way of raising revenue, target the banks. If you want to wrong foot the opposition, follow the lead of the Federal Government. The SA Government did both by announcing a Major Bank Levy in last June’s State Budget. Steven Marshall and the Liberal Opposition were snookered.

    The Bank Levy was always going to send the banks into a spin. It did much more than that, they came out swinging. Bank SA said it would put scheduled investment, delivering 150 new jobs, on hold. Ironically, this investment was for establishment of a business process automation team, a group that would have been tasked with delivering a substantial reduction in the 3800-strong Bank SA workforce. Bank SA won’t put that measure on hold for very long.
    Original languageEnglish
    TypeOpinion piece in The Adelaide Review
    Media of outputonline
    PublisherTHE ADELAIDE REVIEW
    Place of PublicationAdelaide
    Publication statusPublished - 2017

    Keywords

    • Government
    • bank levy
    • State Budget
    • Labor Party
    • Liberal Party
    • South Australia

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