View source for Labor Concerned Over JobKeeper Rate Cut

<br>Cuts to JobKeeper which start on Monday will remove critical support from the economy, Labor says.<br> <br>But the federal government insists now is the right time to taper payments,  [https://www.kynghidongduong.vn/tours/tour-du-lich-ha-giang-cao-nguyen-da-dong-van-3-ngay-2-dem.html tour du lịch hà giang] as business and consumer confidence starts to recover.<br> <br>From Monday, people on the top rate of JobKeeper will see their payments cut by $200 a fortnight, while workers on the lower part-time rate will face a cut of $100.<br> <br>Labor finance spokeswoman Katy Gallagher said 1.6 million Australians relied on the payment.<br> <br>"These cuts will reduce critical support from the economy including from small businesses, regional communities and vulnerable Australians at a time of heightened uncertainty and new COVID-19 outbreaks," she said.<br> <br>The reduction comes as 2.2 million Australians are looking for work or more work, and government figures show unemployment is expected to hit 7.5 per cent in the March quarter.<br> <br>Labor industrial relations spokesman Tony Burke said there was added stress on businesses particularly in parts of Sydney and surrounding tourist regions.<br> <br>"Many business owners are seeing holiday bookings cancelled or empty tables in their cafes and restaurants at what is usually their busiest time of the year," he said.<br> <br>Government support must be tailored to changing economic conditions and targeted to the hardest-hit parts of the economy, Labor said.<br> <br>Treasurer Josh Frydenberg told AAP the government had always said JobKeeper was to be a temporary program designed to taper off as [http://www.bing.com/search?q=economic%20confidence&form=MSNNWS&mkt=en-us&pq=economic%20confidence economic confidence] and momentum builds.<br> <br>"We're seeing that through the 734,000 jobs created over the last six months, with fewer businesses and their employees in need of JobKeeper and other temporary economic support," Mr Frydenberg said.<br> <br>He said the government's economic recovery plan also included a range of stimulus measures to keep Australians in jobs and business in business,  [https://www.kynghidongduong.vn/tours/tour-du-lich-ha-giang-cao-nguyen-da-dong-van-3-ngay-2-dem.html tour du lịch hà giang] including personal income tax cuts and the JobMaker hiring credit.<br> <br>"With our economic recovery well under way, Australians have cause for optimism and hope as we emerge from the COVID-19 recession."<br>