Business Council chief Jennifer Westacott warns Labor, Coalition to avoid election "race to the bottom"

With the election now called, big business is warning both major parties to resist a "race to the bottom" where critical policies fall off the table to make way for short term political gain.

The Business Council of Australia has released its pre-election "to do" list that includes creating more jobs, lifting wages, lowering taxes and tackling surging energy prices. 

Business Council chief executive Jennifer Westacott speaks with ABC's Peter Ryan.