3 April 2020
1300 794 893
search
search
Subscribe
Donations by corporates to the Liberal Party are on the up, now we just need them to start investing in their own businesses.

Spend, spend, spend...please!

Janine Perrett
13 October 2015

By Janine Perrett

So business people are finally opening their wallets for the Government.

It’s just not quite what I meant when I said business had to put their money where their mouth is and support the Coalition.

I was referring to their hesitancy to back the "we're open for business" Abbott Government after its victory in September 2013.

Corporate leaders preferred to buy back their own shares and increase dividends, rather than invest in the overall economy.

This meant less confidence in the government and a self-perpetuating downward spiral until we saw PM Abbott replaced.

So what are they doing now? Well according to one reliable source they are at least donating to the party!

Former senior Howard‎ Government minister Peter Reith told me on The Friday Show on Sky last week that at a recent fundraising lunch in Melbourne, business figures were giving plenty to the cause, all of a sudden.

It not only showed their relief at the change but won't go astray given how corporate giving had reportedly evaporated at the end of the Abbott era.

Now if they could just extend this largesse to business investment.

Meanwhile the trade union royal commission heard fascinating details on how Bill Shorten goes about fund-raising for himself.

Click here to sign up for a free 21-day trial to the Switzer Report.

Let us know what you think
Get the latest financial, business, and political expert commentary delivered to your inbox.

When you sign up, we will never give away or sell or barter or trade your email address.

And you can unsubscribe at any time!
Subscribe
1300 794 893
© 2006-2019 Switzer. All Rights Reserved
homephoneenvelopedollargraduation-cap linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram