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The Latest Breaking News from Jim Chalmers

Aussies falling off fixed mortgage to higher rate peaks

About a million Australian mortgage holders have come off low fixed interest rates to a higher variable one since they started increasing.

AAP

Morning Mail: Chalmers warns of ‘bumpy’ economy, call to investigate possible burial sites, trans therapy ‘life-saving’

Treasurer says a soft landing is not assured as Australia faces global headwinds, and a new study shows the benefits of testosterone therapy

The Guardian - AU

Albanese is Beijing-bound

PM Anthony Albanese will visit China later this year at the invitation of Chinese President Xi Jinping, 50 years after Gough Whitlam’s historic visit, and the jostling begins for the seat of Liberal Senator Marise Payne as speculation mounts that she will retire from politics ‘imminently’.

Crikey

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Jim Chalmers warns soft landing ‘not assured’ for economy despite Treasury forecasts

Exclusive: Treasurer expects ‘bumpy’ year ahead as Australia feels the squeeze of higher interest rates and China’s slowdown

The Guardian - AU

We're in a per capita recession as Chalmers says GDP 'steady in the face of pressure'

Australia’s economy grew a mere 0.4% in the June quarter according to figures released by the Bureau of Statistics on Wednesday, a performance Treasurer Jim Chalmers describes as “steady in the face of unrelenting pressure”.

The Conversation

Danielle Wood to become first woman to head Productivity Commission

Labor appoints well-known Grattan Institute chief after senior Victorian treasury official Chris Barrett pulls out of recruitment process

The Guardian - AU

Question time chaos – as it happened

This blog is now closed.

The Guardian - AU

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Grattan on Friday: It can be a battle to get information from the Albanese government

Thank goodness for Senate committees. This week, they’ve proved, yet again, to be worth their weight in accountability gold.

The Conversation

Something stinks. Should Labor’s Qantas bromance go to the corruption watchdog?

The cosy relationship between the Albanese government and Qantas is crinkling the nose. It needs to be investigated.

Crikey

The progressive case for raising the GST

The left has rallied around ‘taxing the rich’, as if tax were a punishment. But it shouldn’t be seen that way.

Crikey

How the intergenerational report can help the Hunter get its economic house in order

We need to act now to ensure that the Lower Hunter economy beyond 2050 is diverse and prosperous.

Newcastle Herald

Not so gentle giants

All the major supermarket chains are accused of taking unauthorised deductions from suppliers’ invoices but Woolworths is the only one so far vowing to investigate the complaints, and hearings will begin in the Senate today on Australia’s freedom of information (FOI) regime.

Crikey

Labor is nibbling at tax reform but revamping stage three cuts is too big to swallow

The intergenerational report shows cuts will be needed in the medium to long term to prevent workers paying an ever-growing share of the total take

The Guardian - AU

Intergenerational report points to the productivity reform the media don’t want to talk about

This latest report suggests that more competition will improve productivity — that’s a message big business doesn’t want to hear.

Crikey

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news in one place.

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The Guardian - AU

Labor running ‘protection racket’ for Qantas by blocking extra Qatar airways flights, opposition claims

Peter Dutton tells Today show the price of flights is ‘astronomical’ and competition with Qantas would bring downward pressure on prices

Crikey

Labor’s hypocritical response to the climate crisis is a sad joke on us all

The government’s 2023 intergenerational report warns of economic headwinds due to climate change. Will it do anything about it? Unlikely.

The Conversation

Grattan on Friday: the Albanese government has questions to answer on competition

The Albanese government this week announced a review of competition policy. At the same time, it is not able to convincingly explain its decision to refuse Qatar Airways’ bid to expand its flights to Australia.

The Guardian - AU

Australia’s growth to slow as workforce participation falls over coming decades

Treasurer Jim Chalmers says the government remains optimistic about the future despite big challenges detailed in latest intergenerational report

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The Conversation

A very different country: 2060s Australia as seen by the Intergenerational Report

The Australia of the 2060s will be very different from the one we know today. It will be older, with slower economic growth, a big “care” economy, and an export sector that is radically transformed due to the imperatives of climate change.

Crikey

Journalists play the fool in the ‘economic reform’ theatre of the absurd

Journos seemingly can’t remember that a couple of years ago they paraded the business lobby’s same economic reform lies.

Crikey

Climate change a recipe for disaster

Treasurer Jim Chalmers says Australia is a ‘global leader’ in dealing with climate change despite its cost to the country put at $423 billion over 40 years, and in 2019 then-government services minister Stuart Robert paid $191 million for a welfare payment calculator that could calculate only one type of…

The Guardian - AU

Treasurer releases intergenerational report – as it happened

This blog is now closed.

The Guardian - AU

If you are really worried about the next generation, the only thing that matters is climate change

The only thing the current generation absolutely needs to do for the next generation is stop burning fossil fuels as quickly as possible

The Guardian - AU

Massive economic pain for Australia if temperature rises exceed 2C, intergenerational report predicts

Report says hundreds of billions of dollars and millions of work hours in productivity are at risk due to hotter conditions

The Guardian - AU

Cost-of-living crisis: Albanese government launches taskforce to review competition in bid to ease pressures

Panel’s appointment comes as Woolworths reports rise in net annual earnings to $1.6bn, a day after Coles posts $1.1bn profit

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