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The Latest Breaking News from Jim Chalmers

JobSeeker carve-out reeks of focus group politics — and underestimates voters

If Labor was hoping to get a tick of approval for the possibility of higher JobSeeker payments for over-55s, it’ll be severely disappointed.

Crikey

What do you want to know about the budget and how it impacts you? Tell us

The federal budget has been handed down, with some policies to ease cost-of-living pressures. We want to know your questions and stories.

ABC News

Michael Pascoe: You want more RBA independence, Treasurer? Cop this

“So you think the Reserve Bank board lacks ticker, Jim? You think the focus on getting inflation down needs to be sharpened? Well cop this.”

The New Daily

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Anger over modest JobSeeker boost for over 55s while younger and Youth Allowance recipients look set to miss out

Young Australians and social services advocates are dismayed the federal budget looks set to include a modest boost to the JobSeeker payment, but only for those over 55.

ABC News

Labor boasts $9bn budget boost to childcare but advocates fear activity test will remain

The activity test, which reduces payments when one parent works less than 15 hours a week, would cost $1.3bn to abolishGet our morning and afternoon news emails, free app or daily news podcast

The Guardian - AU

Coalition’s $50 jobseeker rise more generous than Labor’s proposal, Pocock says

Albanese government risks being unfavourably compared to the Morrison government if it does not raise the payment for all, the key independent says

The Guardian - AU

Labor MPs condemn ‘discriminatory’ plan to increase jobseeker only for those over 55 in budget

Concerns growing that any changes to rental assistance will also fall along generational divides

The Guardian - AU

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Afternoon Update: RBA’s rate hike surprise; higher tobacco taxes; and Serena Williams’ Met Gala reveal

Central bank raises cash rate by 25 basis points to 3.85% in defiance of most economists’ predictions

The Guardian - AU

Australian central bank hikes interest rate to 3.85%

Australia’s central bank has surprised markets by increasing its benchmark interest rate by a quarter percentage point to 3.85% despite pausing its climb last month and new evidence that inflation is slowing

The Independent UK

Presented with a JobSeeker finding too clear to ignore, he changed the subject: how Jim Chalmers is shaping the budget

What was Treasurer Jim Chalmers thinking?

The Conversation

Jim who? Chalmers may not have Keating’s cut-through but this budget is his chance to serenade Australia

The treasurer’s biggest challenge is not making the numbers add up, it’s making sure the words take voters with him

The Guardian - AU

'Payday super' changes tipped to add thousands to retirement incomes, catch more unpaid superannuation

Millions of Australian workers are set to retire with thousands more in their superannuation accounts after changes from the federal government requiring all businesses to pay their employees' superannuation on payday.

ABC News

Superannuation to be boosted by thousands after change

Young workers are set to receive about $6000 extra in their superannuation balance on retirement after changes to how their payments are made.

The New Daily

Welfare payment boost expected for people aged over 55

Older Australians are tipped to receive a modest boost to JobSeeker payments, with a commitment to considering broader increases to welfare payments expected.

The New Daily

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ABC News

Treasurer refuses to confirm reported JobSeeker lift for people over 55, but says targeted support in the budget

The federal budget will contain targeted support for unemployed women over the age of 55, but the treasurer will not say if that will come in the form of a lift in the JobSeeker rate for that group.

The Guardian - AU

Guardian Essential poll: Australians back jobseeker increase and look to budget for cost-of-living relief

Poll also suggests honeymoon glow has not worn off Anthony Albanese as support for Peter Dutton continues to slide

The Guardian - AU

Labor announces payday super to crack down on billions in unpaid funds each year

The measure will deliver a ‘more dignified retirement to more Australian workers’, treasurer Jim Chalmers says

Reuters

Australia to reveal huge budget rebound, pledge restraint in response

Australia's Labor government is set to reveal a vast improvement in the budget bottom line next week as its coffers bulge with tax windfalls, yet the outlook will be a sober one as fiscal challenges loom large.

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Crikey

There’s no perfect time to raise JobSeeker. Just do it now

Waiting for the day when raising welfare is politically and economically costless is a recipe for cruel inaction.

The Canberra Times

ACT ranks second-last in economic performance: report

Canberra, however, led the nation on the value of home loans.

The New Daily

Flush with cash, government is crying poor before budget

The budget balance is in the black – which makes compulsory doomsaying and lowering of expectations much harder to pull off for Jim Chalmers.

The New Daily

Major tax break announced for small businesses going green

Small and medium-size businesses that invest in energy efficient equipment could be eligible for a tax deduction of up to $20,000.

Newcastle Herald

'Cruel and punitive': Widowed father of five calls for JobSeeker changes

'JobSeeker is a cheap place where the government can dump people.'

The Guardian - AU

Labor’s instinct is to indulge what it thinks middle Australia wants. It could try simply doing what works

In areas such as migration and jobseeker the government’s rhetoric is timid, when it could boldly go bigger on both

ABC News

Paul Keating warns treasurer not to remove government's power to override RBA decisions

Former prime minister Paul Keating says it would be an error for the Parliament to remove a power that allows the government to overrule the Reserve Bank's actions.

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