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PM hints at investment allowance as stimulus plans grow

Phillip Coorey
Phillip CooreyPolitical editor

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Scott Morrison has hinted strongly that investment tax breaks for business will form part the coronavirus stimulus package, citing the need to lift business spending as one of three priorities for boosting the economy once the crisis has passed.

In a package that will be bigger than envisaged last week when Mr Morrison first flagged economic assistance, the Prime Minister said the focus of the measures would be "jobs, cash flow and investment".

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Phillip Coorey is the political editor based in Canberra. He is a two-time winner of the Paul Lyneham award for press gallery excellence. Connect with Phillip on Facebook and Twitter. Email Phillip at pcoorey@afr.com

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    Original URL: https://www.afr.com/politics/federal/later-pm-hints-at-investment-allowance-as-stimulus-plans-grow-20200303-p54696