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1.Market Observations, 8.Was Sticky

14 June 2017 (AFR) – ‘Tough’ retail outlook triggers calls for personal tax cuts

(14 June 2017, AFR, p3, by Sue Mitchell)

Growth in household income and wages (%YoY)‘The weak outlook for retail spending has prompted renewed calls for personal tax cuts to offset rising household debt, anaemic wages growth and higher living costs. After the toughest quarter for retailers in six years, Deloitte Access Economics expects retail spending growth to slow to 3 per cent in 2016-17, compared with an average 4 per cent over the last five years’

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