Tag: Sugar

Australia’s Budget Lacks Big Ideas, Despite the Stimulus Sugar Hit

This week: A sugar-hit budget lacking in big ideas, James Packer faces the music (sort of), and Jacinda-mania part II.

 

A billion dollars here, a billion dollars there, pretty soon you’re talking real money.

Australians were reminded of this political maxim when Treasurer Josh Frydenberg on Tuesday unveiled a record A$213.7 billion ($153 billion) budget deficit, equal to 11% of GDP, for the financial year started July 1.

The optics couldn’t be more different from last year, when Frydenberg proudly forecast the first budget surplus in more than a decade. (The Liberal Party even started selling A$35 “Back in Black” coffee mugs to mark the occasion). But that was before Covid-19 upended the world and before a government that won an election on promises of fiscal rectitude once again discovered we’re all Keynesians now.

relates to Australia’s Budget Lacks Big Ideas, Despite the Stimulus Sugar Hit

The centerpiece of the budget was a near-A$100 billion cash splash of personal tax cuts, wage

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How A Break From Lord Sugar Changed The Fortunes Of This Young Entrepreneur

It takes hard work, determination, and talent to achieve startup success, but getting an early break from a major business leader like Lord Alan Sugar can be a real game changer, as entrepreneur Ross Testa, founder of video and social media agency 3 Heads Agency discovered.

At school, Testa had no idea where his future career lay. While his friends pursued predictable routes into law, medicine, and journalism, he admits that his plans were non-existent. Everything changed when, aged 18, he decided to organize a charity week at school to raise money for the Teenage Cancer Trust after one of his closest friends, Ellis Haggith, was diagnosed with leukemia.

He says: “I was determined to make it a success, and it was: the campaign raised just under £5,000 in one week. We had support from a lot of businesses and celebrities, and the experience made

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