This dysfunction is draining consumer and business confidence, John Abernethy, CIO, Clime Asset Management

This dysfunction is draining consumer and business confidence, John Abernethy, CIO, Clime Asset Management. Will repealing the carbon tax impact or change investor sentiment? No - the drawn out political process required dealing with the carbon tax is symptomatic of the dysfunctional governance of the country. This dysfunction is draining consumer and business confidence. There is no confidence that decisions are made for the betterment of the community because there is simply no consensus on most issues of significance. Winners will be those companies that hold onto price rises that originally reflected the introduction of the tax. I would not like to speculate on who they are but I am sure many investment analysts will uncover many examples in coming months - but will this information be made public or will it be shared with the ACCC? I think not.