A souring carbon tax victory for Abbott

AiG numbers shows carbon tax pressure is far lower than Tony Abbott thought, while a far greater concern for business is Coles and Woolworths' market dominance.

While at first glance the AiG report into the impact of carbon pricing on Australian business looked like a win for the Coalition, that winning feeling is souring faster than a $1 litre of milk in a hot Woolies car park.

Opposition leader Tony Abbott was quick to quote the report's finding yesterday that Australian business had seen an average increase in power costs of 14.5 per cent due to the carbon tax, when Treasury modelling had expected only 10 per cent.



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