Mike's Minute: Australia's Budget will show us what we're missing
Australia's Budget Day is today.
The claim is they are going to present a surplus, which is little short of a miracle.
I also read that trade with China is at record levels.
This is Australia and China, the two that were at each other's throats after Scott Morrison wanted an inquiry into Covid origins. The Chinese, having none of that, started whacking tariffs on barley and wine and beef.
What Australia did was go and find new buyers. Now, having learned their lesson, the old buyer is back and Australia is rolling in it.
Further news as to why Australia is rolling in income - Rio Tinto's boss…
The skinny
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