ACT Election Win Signals Economic Changes Ahead, But Economy a 'Big Ship' That Takes Time to Turn
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National/ACT victory signals potential changes like lower spending to help curb inflation. But the economy is like a "big ship" that takes time to turn.
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Attention likely on reducing government spending and finding savings, which could moderate demand and inflation.
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Mini-Budget expected in December, then looking for schedule of government's plans.
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Tax relief a probable focus. Striking balance between acting promptly and carefully will be key.
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Global issues like worker shortages and climate investment also require navigation amid inflation fight. Productivity improvements important.
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