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The Latest Breaking News from Jim Chalmers

'We won't be spared': inflation warning to Australia

The International Monetary Fund has warned of further financial pain on the horizon for Australia as the treasurer heads to the United States for crucial talks.

AAP

IMF warns ‘unprecedented’ energy crisis could trigger global recession as Australia prepares for Washington talks

As treasurer Jim Chalmers weighs ‘extreme uncertainty’, one economic scenario sees global growth plunging to just 2% in 2026

The Guardian - AU

Spoils of Iran war to deliver Chalmers a budget boost

The federal budget will be billions of dollars better off, even with added spending, because of higher commodity prices and inflation, a top economist says.

AAP

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Cuts to NDIS to be focus of Labor’s quietly launched razor gang ahead of May budget

Exclusive: Taskforce led by former Treasury official Anthea Long will advise on cost-cutting options for $52bn program

The Guardian - AU

Grattan on Friday: A future plan on fuel should be central to Albanese government’s reform agenda

Using one lens, you could view the present contest between the Albanese government and the Taylor-Canavan opposition as pragmatism versus populism.

The Conversation

‘Uncertain times’: Albanese warns months ahead ‘may not be easy’ in rare address to nation about Middle East crisis

Prime minister urges Australians to consider using public transport and conserve fuel for ‘critical industry’ and others

The Guardian - AU

Stagflation risk: Chalmers heeds budget warning

Treasurer Jim Chalmers is being urged to reform the tax and migration settings in the upcoming budget as the oil shock worsens Australia's productivity funk.

AAP

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'Team Australia': big business urged to help in crisis

Conditions for Australian industry took its biggest one-month hit on record as a result of the Middle East oil crisis, prompting extra government support.

AAP

Albanese to address the nation on the Middle East war and fuel crisis

Prime Minister Anthony Albanese will address the nation at 7pm Wednesday night on the Middle East war, the fuel crisis and the government’s response to it, and what Australians can do in response.

The Conversation

Anthony Albanese to address nation on Wednesday night as treasurer announces Covid-era support measures

Prime minister to deliver address live at 7pm AEDT as Jim Chalmers says Iran war having ‘extreme impact on global economy’

The Guardian - AU

'Better world': inside Australia's pact with AI giant

A Silicon Valley tech boss has warned of the consequences should AI fall into the wrong hands as he signed an agreement with Australia on related safety.

AAP

Long, bumpy road ahead for fuel crisis, PM warns nation

Australians are being warned the fuel crisis could worsen as Anthony Albanese uses a national address to urge motorists to think of others when filling up.

AAP

Fair Work abolishes junior pay rates for adult workers, with half a million young Australians to be paid more

Union celebrates ‘landmark decision’ that will mean adults aged 20 or younger are no longer paid less

The Guardian - AU

The Reserve Bank Just Banned Credit & Debit Card Surcharge Fees, Here’s How It’ll Impact You

Say goodbye to those sneaky added charges!

Pedestrian.tv

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The Guardian - AU

Debit and credit card surcharges to be removed in Australia by October

Treasurer Jim Chalmers says changes will help with cost of living and ‘Australians hate paying’ the surcharges

The Conversation

Halving the fuel excise is smart politics, but flawed policy

With fuel prices staying high, the federal government has announced a halving of the fuel excise for three months. This will cost the federal budget A$2.55 billion, according to Treasurer Jim Chalmers.

Pedestrian.tv

Fuel Excise Slashed, New Powers Unlocked: What The PM’s National Fuel Plan Actually Does

The PM’s new fuel crisis plan explained, including the three‑month fuel excise cut and state moves like free public transport.

The Conversation

Government slashes fuel excise, heavy vehicles charge for 3 months at cost of $2.55 billion

The Albanese government will halve the excise on petrol and diesel and reduce the heavy vehicle road user charge to zero, both for three months, at a budget cost of $2.55 billion.

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The Guardian - AU

Labor backs Greens inquiry into gas export tax – as it happened

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The Guardian - AU

As the fuel crisis worsens and more sectors call for help, Labor must be prepared to make tough choices

With the government warning of a ‘long tail’ to the current fuel crisis, Jim Chalmers’ May budget will have even more demands on spending than usual

Pedestrian.tv

Labor Backs Calls For 3 Million Aussies To Get An Above-Inflation Pay Rise: ‘Doing It Tough’

Labor is urging the Fair Work Commission to deliver an above-inflation minimum wage rise to help low‑paid workers cope with fuel costs.

AAP

Labor backs above-inflation wage bump for low-paid

Wage increases have not been driving recent inflation pressures and low-paid workers deserve a real pay rise, the government says.

AAP

Global group backs cuts, rate rises to curb inflation

Australia's inflation rate will peak higher than previously forecast, as surging oil costs cause consumer prices to increase, a Paris-based policy body says.

AAP

RBA ready to shift up a gear as the neutral rate rises

The Iran war will hurt consumers by pushing up prices and slowing the economy but the Reserve Bank must act to contain inflation expectations, an official says.

The Guardian - AU

Australians can expect high fuel costs to linger for far longer than the war in Iran

Rising inflation and unemployment mean effects of Iran war could be even worse than the post-Covid cost-of-living crisis

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