Tuesday, 8 June 2010

No retreat possible

One message Kevin Rudd has got is that he cannot afford to retreat on his mining tax proposal. He was quite firm again this morning and the more the mining industry attacks him the less scope there is for even a compromise or two around the edges.
The miners certainly are taking a big risk. Should Labor get back into office after the election - and that is still the most likely prospect — the political landscape will be much different to now with Labor having only to deal with the Greens to get legislation through the Senate. The Greens will surely exact a price for that support and changes to an emissions trading scheme taking away concessions for the coal industry will surely be part of it.
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