The hammering the Abbott government has received in the polls has finally been recognised by the government as a problem of its own making. Malcolm Turnbull admitted as much yesterday, saying that the Coalition had failed to communicate properly why they brought in such a tough budget. In a word, the government is spooked and now Australia’s retailers are paying the price.
Retailers pay the price for the government's bad sales job
The hit to consumer confidence is spreading further throughout the economy and major cost-cutting is already taking place.
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