The business fightback against the failure of the political class to deal with a cost of living squeeze driven by high inflation and low productivity has begun, as Australia’s biggest miner, BHP’s Mike Henry, joins forces with the nation’s biggest banker, Matt Comyn of Commonwealth Bank.

The political failure begins with Labor’s lack of a genuine economic growth agenda, as exposed by Paul Keating’s attack on Jim Chalmers’ proposed “unconscionable” superannuation tax hike on better-off Australians.