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The Latest Breaking News from Greg Jericho

As real wage growth falls again, Australian workers must feel the economy is rigged against them

The RBA never misses a chance to blame wages for rising prices but data shows profit-driven inflation is back

The Guardian - AU

Afternoon Update: Labor unrest over Herzog visit; defence site sell-off; and a ‘deplorable’ secret about motherhood

Ed Husic says he has ‘deep concerns’ over impending visit of Israel’s president, Isaac Herzog

The Guardian - AU

What are the odds? The RBA has raised interest rates – for no real reason other than to meet the desires of speculators

The prospect of a cash rate increase on Tuesday changed dramatically over the past month. One wonders if the Reserve Bank listened more to the commentariat than the data

The Guardian - AU

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The latest inflation figures offer no joy – except to the gas producers whose windfall profits remain largely untouched

The boom in world gas prices due to the Russian invasion of Ukraine has led to energy companies making out like bandits

The Guardian - AU

The 5% first home buyers scheme is a miserable policy failure – and the latest chapter in Australia’s housing disgrace

The government is juicing demand to make houses more expensive for Australians while providing good public housing for … Americans

The Guardian - AU

So it’s goodbye to lower interest rates – to be honest, the RBA was always looking for an excuse not to cut

The story this quarter was one of big jumps in electricity prices due to the end of the state subsidies

The Guardian - AU

If we want a better, more equal society, we need more tax. But more tax only works if big business pays their fair share

Trust in both the tax and political system will falter if people feel they are being punished for not paying tax while large companies legally get away with paying nothing

The Guardian - AU

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Australia, along with other OECD countries, is mired in mediocrity – and the RBA seems intent on keeping us there

If the Reserve Bank won’t drop interest rates next week, it will be another example of one of our institutions aiming low

The Guardian - AU

Take a deep dive into the inflation numbers and the RBA’s decision not to cut rates seems inexplicable

In a majority of capital cities in Australia, inflation is now below 2% – that is, below the Reserve Bank’s target range

The Guardian - AU

The biggest voices need to admit Australia is a low-taxing nation before joining the economic reform conversation

Acoss’s new report factchecks some myths about Australia’s tax system and should be the basis of any discussion at the government’s roundtable

The Guardian - AU

Secret examination of agency running Aukus submarine program handed to government – as it happened

This blog is now closed

The Guardian - AU

Morning Mail: Aukus in doubt as Pentagon reviews pact; Beach Boy Brian Wilson dies, Australia fight back at Lord’s

Pentagon to review if Aukus fits with ‘America first’ agenda; songwriter and producer seen as one of music’s all-time greats dies

The Guardian - AU

Wealthy Australians are worried we might realise how rigged the system is in their favour

The discussions around the absurdly small changes to tax on superannuation should be the start to addressing the growing wealth inequality in this country

The Guardian - AU

The good news? Household living standards are on the rise. The bad news? Just about everything else

Australia’s weak economic growth is not surprising when you factor in what’s going on with households, private investment, trade and government spending

The Guardian - AU

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The Guardian - AU

Ukraine launches audacious drone attack; NDIS changes put families in crisis; Oscar Piastri wins Spanish GP

Families face impact as NDIS funding dries up

The Guardian - AU

The super tax debate is divorced from reality – and more proof that Australia’s tax system is built for the rich

The proposal will affect only 0.5% of people with superannuation and yet you would think the government is about to seize the means of production

The Guardian - AU

By getting tangled up on inflation and exaggerating numbers, Peter Dutton has blown the opportunity he was handed

Cost-of-living problems are real – there’s no need for the Coalition to use even bigger numbers

The Guardian - AU

Excuse my cynicism, but after 25 years of the same housing policies, could Australian leaders try something else?

First homeowners’ grants have long been the go-to policy by state and federal governments. And yet here we are in 2025 with a worsening housing affordability crisis

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The Guardian - AU

You never know what you’re gonna get: Australians will have to wait until after the election to see if there’s an interest rate cut

The Reserve Bank says they are cautious about the outlook. Caution is fine, but indolence in the face of a challenging world is not

The Guardian - AU

Australia budget 2025: the seven graphs you need to see

These are pure Labor tax cuts – just what the ALP should be all about – but why are we still letting gas companies get off scot-free?

The Guardian - AU

Expect a lot of talk about Australia’s deficit, but remember the golden rule: budgets are always about choices

The world trade system, and our ability to trust our biggest defence ally, is all gone to hell. What will Labor prioritise in the 2025 federal budget in such an uncertain global environment?

The Guardian - AU

The Reserve Bank should be looking at these numbers and wondering why it waited until February to act

Yes, the worst may be behind us, but GDP figures provide little sense of an economy powering ahead at full steam

The Guardian - AU

Morning Mail: Ukraine warns Russia will ‘wage war on Nato’, Climate 200 eyes Labor seats, why home building is so slow

European leaders to meet over Ukraine; Climate 200-backed candidates revealed

AAP

Call to bring back inheritance tax to tackle wealth gap

Inheritance taxes are economically efficient and reduce inequality between those who work for an income and those who earn income from wealth, economists say.

The Guardian - AU

Trump’s latest tariff bid shows the old rules of trade no longer apply. Scraps of paper will not save us

A 25% tariff on all steel and aluminium imports, as flagged by the US president, is more evidence that Australia cannot rely on our ally to do good by us

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