News Alert: Australian consumer confidence falls fastest in three months

Figures released today show that Australian consumer confidence fell the most in three months after the nation’s 4 biggest lenders raised mortgage rates.
The country’s sentiment index fell by 5% to 96.1, the lowest level since December.

PM Gillard’s plan to cut corporation tax for businesses with annual revenue of more than A$2bn may be blocked by the upper house senate.

The proposed cut would be from 30% to 29%

More news to follow.

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