CANBERRA, ACT, Aug. 13 -- The Prime Minister of Australia issued the following media release:
SABRA LANE, HOST: Good morning and welcome to AM. I'm Sabra Lane coming to you from Nipaluna, Hobart. The Economic Roundtable at Parliament House in Canberra next week has no shortage of ideas. Suggestions include a cut in the company tax rate, expanding the Goods and Services Tax, a new road user charge to include electric vehicles, and now a four day working week. The Reserve Bank has made sure boosting productivity will be front and centre at the summit. While cutting the official interest rate yesterday by a quarter of a percentage point, the bank revised down long term forecasts for Australia's productivity rate, meaning the economy will be s...