Labor proposes raid on Future Fund

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AUSTRALIA - The Labor Party's leader, Kevin Rudd, has announced plans to use money from the country's Future Fund to help finance an A$4.7bn scheme to set up a broadband network across the country.

Described by the ruling Liberal party as a “smash and grab raid”, Rudd’s plan to give 98% of Australians access to high-speed broadband within five years would be partly funded by the selling of th...

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