To the paper's credit, it does go on (after the sensationalist, tabloid headline) to quote an economist expressing scepticism about these businesses' claim. Adam seems not to have read past the headline. Or to have any sensible scepticism.However, a slew of companies also complained to the government’s chief economic department about the effect that banning plastic bags was having on slowing activity in the $320 billion retail sector.“Several firms suggested that the introduction of a ban on plastic bags meant customers reduced their consumption to an amount that they could instead carry, and delayed purchases of heavier groceries,” notes the report, sent from Treasury economist Angelia Grant to Josh Frydenberg and his assistant ministers on April 2.Contacts also warned Treasury that the poor showing in the retail sector would likely see “continued subdued inflation, with grocery deflation only partly offset by higher power prices”.
Monday, June 24, 2019
The ridiculous bag wars
It's a culture war thing for the likes of Adam Creighton that the ban on single use plastic bags in supermarkets is a waste of time. So he's thrilled today to be able to link to an article in The Australian with the headline "Economy falls through our shopping bags", noting that the paper got its hands on some FOI material about companies complaining to Treasury about this:
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