Happy to spend: consumer confidence soars

A big jump in consumer confidence to levels not seen since the resources boom have been described this week as “an extraordinary result.“ Westpac Chief Economist Bill Evans explains the latest data. Farmers also have a spring in their step as they go shopping in record numbers for tractors, helicopters and …coffee machines. Plus, the most unpopular tax, that we don’t have, might be a really good idea.

Guests:

Bill Evans, Chief Economist, Westpac

Julie Rynski, NAB Executive, Regional and Agribusiness

Saul Eslake, Independent economist

Ian Raspin, Managing Director, BNR Partners

Danielle Wood, Chief Executive, Grattan Institute