Prime Minister Scott Morrison has effectively ruled out new financial support for the state of Victoria, which is estimated to lose between $700 million and $1 billion in economic activity over the course of its snap seven-day COVID-19 lockdown. Speaking in Queenstown, New Zealand, Morrison yesterday batted down comments from Victoria’s Acting Premier James Merlino, criticised the Federal Government for not stepping in with emergency funding measures. After announcing a $250.7 million Victorian Government support package, designed to keep hard-hit businesses afloat during the shutdown, Merlino said the state’s plea ... (full story)