Australia's research budget cuts draw flak
Meanwhile, tax cuts and write-offs are offered to small businesses to buy equipment
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Sydney
AUSTRALIA is betting on plumbers and coffeeshop owners over scientists and researchers to drive the nation's next wave of economic growth.
The country that brought you refrigerators, black-box flight recorders, bionic ears and wi-fi will cut its research budget by 7 per cent over the next 12 months, and another 10 per cent in the following three years. At the same time, it's offering tax cuts and write-offs in this year's budget for small firms to buy equipment like espresso machines and lawnmowers as the centrepiece of a plan to build a "stronger and more prosperous Australia".
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