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Turnbull warns business about mounting debt

Turnbull warns business about mounting debt

Two of the Rudd Government's key policy initiatives will deliver little in the way of economic infrastructure and will saddle the country with crippling debt, Opposition leader Malcolm Turnbull…

Two of the Rudd Government's key policy initiatives will deliver little in the way of economic infrastructure and will saddle the country with crippling debt, Opposition leader Malcolm Turnbull told business leaders on Tuesday.

Speaking at a luncheon for the Australian Institute of Company Directors on 28 July, the Opposition leader's primary target was the National Broadband Network, which he described as commercially unviable.

"Imagine if you'd gone on television with a business proposal and said 'This is going to be commercially viable and mums and dads of Australia you must invest'. Imagine if you'd said that? Imagine," he said.

"Well, the lawyers in the room would be able to offer you some help, I imagine. You'd be spending a lot of time in court."

The Government's Emissions Trading Scheme also came in for criticism, although Turnbull faltered when referring to his own government's track record on the issue.

"A well designed scheme can be an efficient way of reducing emissions. We recognised that when we were in government and ... started to legislate accordingly," he said.

"A well designed scheme can be an efficient way of reducing emissions. We recognised that when we were in government and ... started to legislate accordingly," he said.

Like this story? Read more:

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Turnbull warns business about mounting debt
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