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.

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.

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