Guardian: Abolishing the carbon price will result in a $7.4bn deterioration in the budget position over the next four years, with the federal government setting aside more than $2bn in 2013-14 to buy back "free permits" allocated to Australia's heavy emitters.
The Coalition has pitched its long-running political campaign against carbon pricing squarely in a cost-of-living frame -- arguing the "carbon tax' regime drives up consumer prices.
But the mid-year economic forecast released on Tuesday confirm...