On the Money this week: The troubled Whyalla Steel and mining group Arrium has gone into voluntary administration, putting nearly 7000 jobs at risk. The future of Australia’s manufacturing and building industries will look bleak if the former BHP Billiton subsidiary is allowed to collapse. Also on the show, the government no longer uses the slogan ‘debt and deficit disaster’, but does that mean the budget problem has gone away? The Committee for the Economic Development of Australia (CEDA) says no. We also talk about the Panama Papers which have sent shock-waves around the world. With international tax avoidance estimated as being worth US $240 billion every year, we chat about how we can get a global agreement to eradicate tax avoidance.

Show features:

• Professor John Spoehr, Director of the Australian Industrial Transformation Institute
• Stephen Martin, Chief Executive of CEDA
• Professor John Taylor, Head of School at the School of Taxation & Business Law UNSW

Producers: Andrew Barclay and Callum Morgan

Executive Producer: Catherine Zengerer