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Australian companies accuse Canberra of blocking politics first

Australia is making a “big mistake” by failing to reopen to the world, along with business leaders who accuse the government of prioritizing politics over science ahead of the upcoming general elections.

Increasingly tired of Covid-19’s blockade policy, failure to deploy vaccines that allow the economy to open, many leaders Australia’s largest company Including BHP, Macquarie and Qantas — states that countries need to learn to “live with the virus,” as many other countries do.

In an open letter to both the federal and state governments, the heads of 79 large corporations “employing nearly one million Australians” said the blockade had a “long-term” impact and more. Warned that it was causing economic problems.

Graham Turner, CEO of travel agency Flight Center, told the Financial Times:
“We are making some very big mistakes here.”

Australia closed its borders in March last year and for some time won international acclaim for its successful pursuit of a “zero-covid” strategy. However, highly contagious variants of the delta coronavirus, coupled with vaccine procurement failures, have blocked borders and many of the country.

Greg O’Neill, CEO of La Trove Financial, Melbourne’s fund manager, one of the signatories of the open letter sent by the Australian Business Council, said: “Now is the time of courage and honesty. It’s not politics.”

However, under increasing political pressure, Scott Morrison is lagging behind in polls, with a conservative coalition government in the majority, and is involved in multiple scandals.

This month’s announcements from Australia, the United States and the United Kingdom Security agreement It made a fuss about Morrison’s Liberal Party, but it’s still six percentage points below the official opposition Labor Party.

Voters are increasingly turning their backs on both parties in favor of independents, as dissatisfaction with the blockade is smoldering, according to a Newspoll survey.

Protesters against forced vaccination will march in Melbourne on September 21st. Australian Business Council told government “must live with the virus” © Asanka Ratnayake / Getty Images

Although the number of Covid-19 infections appears to be flat, it has more than tripled from last August, with about 1,700 new infections per week.

Big companies are worried that the government is overrunning uneasy people as federal elections must take place by May next year.

Mr Turner said the prime minister was “afraid to make the wrong move.”

“I worked in London for five weeks in July and August, and I still have a lot of infections, but I’m back to normal,” he added. “The decisions are made for political reasons, not for scientific or evidence reasons. That’s probably the most frustrating thing for a business.”

The Australian Home Office replied that the borders remained closed “to prevent the spread of Covid-19.”

“I was surprised at how well things were organized,” said Tim Harcourt, a senior economist at the University of Technology Sydney.

Harcourt, a former Chief Economist at Australia’s International Trade Organization, Austrade, admitted that the situation was not ideal, but felt that the Australian Business Council exaggerated the problem.

“They are lobbyists and rent-seeking,” Harcourt said.

This month, the Reserve Bank of Australia said the “significant momentum” of the country’s economy was “suspended by the outbreak of the delta and the consequent restrictions on activity.”

After australia Power out from recessionn In the third quarter of last year, gross domestic product was “expected to decline significantly” in the September quarter, and the unemployment rate was expected to “rise in the coming months”, albeit at a low level.

Although the setbacks were “expected to be temporary,” a high degree of uncertainty remains and “relies heavily on health and deregulation,” the bank said.

Australia’s vaccination coverage is among the lowest in developed countries, with 41.4% of the population fully vaccinated. This is far behind the United Kingdom (66.7%) and Canada (70.4%), below the United States, where 54.7% are vaccinated. Doubled the jab.

Canberra is becoming more and more successful in procuring vaccines from abroad, but the shortage remains and is a source of great friction.

After the outbreak of the Delta in June, much of Pfizer’s vaccine supply was diverted to New South Wales, home of Australia’s most populous state and Australia’s largest city, Sydney. This decision helped New South Wales rapidly increase immunization rates, but was even less in other states.

In the letter, the Australian Business Council said the country was “juggling mental health emergencies,” “some of the effects of the current blockade are hidden, and the effects are long-lasting.” Would be. “

“As vaccination rates go up, we need to open up society and live with the virus, just like in other countries,” he added.

Emotions were repeated by small businesses. Alexi Boyd, chief executive officer of the Small Business Organization Council, said refusing to open borders inside and outside Australia has hurt Australia’s economic recovery.

O’Neill added that frustration is growing nationwide.

“Ask unions, businesses, employer groups, and political parties. All have asked to vote on community attitudes and are back with the same two overwhelming observations. And,” People are vaccinated. If you choose not to receive them, stuff them in, “he said.

“After all, Australia is a practical group.”

Australian companies accuse Canberra of blocking politics first

Source link Australian companies accuse Canberra of blocking politics first

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