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The Latest Breaking News from Jim Chalmers

Federal Treasurer Jim Chalmers warns on budget outlook, New Zealand inflation surge hints at even bigger interest rate rises

Fresh inflation figures out of New Zealand sound a warning that the worst of price and rate rises may still be yet to come, says Australia's federal Treasurer as he warns Australians to brace for next week's "confronting" budget update.

ABC News

Jim Chalmers warns of ‘confronting’ inflation and wages forecast in July economic update

Treasurer says rising interest rates will affect economic growth but Labor has plans to provide cost-of-living support

The Guardian - AU

Chalmers says debt forecasts 'confronting'

Treasurer Jim Chalmers says the government debt forecast will be "confronting" for Australians as rising interest rates will affect the next budget update.

AAP

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PM warns against reduced Covid isolation period as nation records 31 deaths – as it happened

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The Guardian - AU

COVID isolation payment on track to resume

Australian workers unable to go to their jobs due to COVID will be able to claim $750 from Wednesday as isolation payments resume.

AAP

Case numbers drop but hospitalisations soar

The ACT recorded 956 new COVID-19 cases in the 24 hours until 8pm Saturday.

The Canberra Times

Federal Treasurer says calls to apologise over pandemic leave payments are 'ridiculous'

Treasurer Jim Chalmers has put his weight behind Prime Minister Anthony Albanese amid mounting criticism over ending pandemic leave payments.

ABC News

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Labor is holding a jobs summit in September. Here’s what it hopes to achieve

The Albanese government has confirmed it will hold a Jobs and Skills Summit on September 1-2 as part of a longer-term plan to deliver a new jobs policy.

The New Daily

New COVID wave set to peak by month's end

The new COVID-19 wave spreading across the country is set to reach its peak by the end of July, as the government unveils its winter plan for aged care.

AAP

Small number of Australian petrol stations investigated for not passing on fuel excise price cut

Consumer watchdog says most locations relayed 20c cut to motorists, while treasurer confirms concession still likely to end on 28 September

The Guardian - AU

TikTok admits Australian data can be accessed in China, prompting warnings app may be compromised

TikTok is adamant it would never hand over Australian user data to the Chinese government but, after admissions that data can be accessed in China, federal politicians warn the app could be compromised.

ABC News

Australia is getting a wellbeing budget: what we can – and can't – learn from New Zealand

Federal Treasurer Jim Chalmers has confirmed Australia will follow Aotearoa New Zealand’s example and put wellbeing at the centre of the national budget.

The Conversation

Treasurer defends end of free RAT scheme

Treasurer Jim Chalmers says the federal government can't continue to give free COVID-19 rapid antigen tests for concession card holders indefinitely.

AAP

Government eyes increase to skilled migration, but says it won't be the simple fix to Australia's labour woes

Australia's Treasurer Jim Chalmers says he is in discussions with business about a temporary increase to the nation's skilled migration intake, as the sector lobbies for 200,000 visas to be offered to address labour shortages.

ABC News

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AAP

Migration lift not only jobs fix: Chalmers

Treasurer Jim Chalmers says a boost to migration is not the only solution to fixing skills shortages across the country.

The Conversation

Women's job opportunities in the spotlight at Albanese's summit

Ensuring equal opportunities and pay for women is one of the wide range of topics laid down for the federal government’s jobs summit, to be held September 1-2.

ABC News

Global oil prices have slumped, yet petrol price relief is uncertain

The global oil price slump does not necessarily mean you will pay less to fill your tank.

ABC News

Climate modelling abandoned by Abbott nine years ago reinstated by Labor government

For almost a decade under the former Coalition government, Treasury did not model the economic impacts of climate change. The new government is ordering the practice to be resumed.

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The Guardian - AU

Anthony Albanese says comparing his Ukraine visit to Scott Morrison’s Hawaii holiday ‘beyond contempt’

PM defends his response to NSW floods crisis, saying federal Coalition didn’t ‘get the memo about the new politics’

ABC News

Commonwealth Bank, ANZ, NAB and Wespac to lift variable mortgage rates by half a percentage point

All of the big four banks will pass on the Reserve Bank's latest interest rate rise to home loan customers in full — but not all savers.

The Guardian - AU

More major warnings issued as focus turns to mid-north coast – as it happened

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The New Daily

Michael Pascoe: Australian official briefed foreign power against RBA

While all eyes were on the Reserve Bank on Tuesday, an extraordinary story in the weekend press seems to have slipped by without notice.

The Canberra Times

Economy braced for fresh wave of hurt amid calls for 'belt tightening'

Major flooding will drive up inflationary pressures for the economy.

AAP

CBA, ANZ raise their interest rate levels

ANZ has followed Commonwealth Bank in raising mortgage rates following the central bank's decision to lift the cash rate to 1.35 per cent.

The New Daily

Cost-of-living crisis will get worse before it gets better: Jim Chalmers

Treasurer Jim Chalmers has conceded the cost-of-living crisis will get worse before it gets better after the RBA hiked interest rates by 50 basis points.

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