AFR Classic | There were three failed attempts to take on the Financial Review, the last was in August 1987, and even its backers doubted whether their punt would succeed, as Elisabeth Sterel reported.
How the 1950s paved the way for modern Australia afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
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âWe make no apology for giving you a budget which will entail sacrifice,â concluded the Menzies governmentâs Treasurer Arthur Fadden in September 1951, less than two months after
The Australian Financial Review started publication.
But Sir Arthurâs punishing tax assault on households and businesses was not well received by Australiaâs upstart first national newspaper.
âFADDENâS DISASTROUS BUDGET FOR 1951-52,â screamed its page one headline.
Sir Arthur Fadden arrives at Parliament House to deliver the federal budget aiming to rein in a runaway economy.Â
Harry Martin
âNo more disastrous series of financial proposals can ever have been presented to Parliament than the Budget for 1951-52,â thundered the