Bank SA has not ruled up driving up variable mortgage rates in response to the Weatherill Government’s planned bank tax, and may also axe a range of community sponsorships, as the political fallout from last week’s budget rages on.
Is this the way the premiership dream ends; not with a bang but a whimper?
UPDATED | Tom Koutsantonis's self-described "jobs budget" has been blamed for the direct loss of 150 jobs, with Bank SA putting plans for a new automated processing centre in Adelaide on hold, citing the State Government's planned tax on banks.
Do you recognise this tree? The lone Adelaide eucalypt has gone viral in Singapore after it played a strange cameo in a bizarre family drama that is threatening to tear down the republic’s most powerful political clan.
For a spending plan that was supposed to turbo-charge Labor’s electoral fortunes with bountiful largesse, Tom Koutsantonis instead found himself having to defend the charge that his fourth budget was surprisingly “sexless”.
The State Government is pinning its re-election hopes on a budget it insists will make inroads into South Australia’s persistent unemployment woes, with its centrepiece a $200 million Future Jobs Fund designed to stimulate “key growth industries”.
UPDATED | The election-bound Weatherill Government is seeking to head off an ongoing row about the state of Adelaide’s courts infrastructure with a $31 million budget sweetener that will add two new criminal courtrooms to the existing Sir Samuel Way Building.