There is a story told of Gough Whitlam as Prime Minister speaking with his Treasurer, Bill Hayden. It is late 1975 and Hayden has just been informed by the Treasury, during Question Time in the House of Representatives, that Australia has lost its AAA credit rating. They meet behind the Speaker’s Chair immediately after Question Time.
Already a subscriber? Log in
Subscribe for just $2 a week
Try a month of The Spectator Australia absolutely free and without commitment. Not only that but – if you choose to continue – you’ll pay just $2 a week for your first year.
- Unlimited access to spectator.com.au and app
- The weekly edition on the Spectator Australia app
- Spectator podcasts and newsletters
- Full access to spectator.co.uk
Or
Unlock this article
Stephen Loosley is a former ALP national president and senator.
You might disagree with half of it, but you’ll enjoy reading all of it. Try your first month for free, then just $2 a week for the remainder of your first year.
Comments
Don't miss out
Join the conversation with other Spectator Australia readers. Subscribe to leave a comment.
SUBSCRIBEAlready a subscriber? Log in