It’s Budget night in Australia. The press used to report “beer up, cigs up” as excises were raised on those products. But the Financial Review was meant to be more adult, more thoughtful, more nuanced, more educated and less tabloid in its reporting. Until now.
The Government has announced a cut in the petrol excise duty. What has the Fin described this as? “Electric vehicle buyers are losers in tonight’s budget because they won’t benefit from the cut in the petrol excise. “
FFS, as they say in the classics.