Federal Member for Fairfax

Media release

The federal leader of the Palmer United Party and Member for Fairfax, Clive Palmer, said both the International Monetary Fund (IMF) and Rupert Murdoch have supported his calls for a National Economic Summit.

Mr Palmer on Sky News’ Lunchtime Agenda program yesterday called for Prime Minister Tony Abbott to hold a National Economic Summit to find ways to restore business confidence in Australia.

Rupert Murdoch also went on twitter to say Australia “needs national economic summit” while today the IMF released a report warning the Abbott government its “plans for fiscal tightening should be carried out without undue prejudice to growth”.

Mr Palmer said the IMFs report cautions the government against fiscal policy and budget cuts for fear of weakening Australia’s potential growth at a time when our economy is particularly vulnerable.

“The government should be doing all that they can to promote Australia’s growth and instead all they plan on doing is introduce new taxes or spending cuts,” he said.

“A National Economic Summit would enable both sides of politics, business and community leaders and economists to generate ideas to stimulate the Australian economy and drive it forward into the future.

“At the moment we have a government which is sitting on its hands, refusing to listen to anybody but Treasury officials and digging Australia into a very deep hole.”

ENDS