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Boards sound alarm on Labor spending, intervention

Boards sound alarm on Labor spending, intervention

Leading directors caution against unfettered government spending and unsustainable debt.

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Leading company chairman Graham Bradley has warned that increasing government intervention by the Albanese government is a “flashing red light”, joining other senior directors, including CSL chairman Brian McNamee, to caution against unfettered government spending and unsustainable debt.

BOSS met leading company directors this week as part of a roundtable facilitated by the Australian Institute of Company Directors, where federal government spending and intervention in the economy became the flashpoint in the discussion.

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Patrick Durkin
Patrick DurkinBOSS Deputy editorPatrick Durkin is Melbourne bureau chief and BOSS deputy editor. He writes on news, business and leadership. Connect with Patrick on Twitter. Email Patrick at pdurkin@afr.com
Sally Patten
Sally PattenBOSS editorSally Patten edits BOSS, and writes about workplace issues. She was the financial services editor and personal finance editor of the AFR, The Age and the Sydney Morning Herald. She edited business news for The Times of London. Connect with Sally on Twitter. Email Sally at spatten@afr.com

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Original URL: https://www.afr.com/work-and-careers/leaders/boards-sound-alarm-on-labor-spending-intervention-20230207-p5ciqc