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The Latest Breaking News from Jim Chalmers

View from The Hill: Election battle turns to spending, with BCA calling for cap and Labor hitting Dutton’s planned cuts

As the political debate turns to government spending, the questions loom: is it too high, and will Peter Dutton be able to get away with keeping his proposed cuts mostly under wraps?

The Conversation

Confusion over Liberal plan to cut public service

The opposition leader has vowed to slash the number of public sector workers but his frontbenchers have been more reserved, instead focusing on efficiency.

AAP

Inflation data isn’t all sunshine and rainbows for Labor – as Biden and Democrats will attest

While a pre-election rate cut is widely seen as positive for incumbent governments, it doesn’t necessarily represent a path to victory in itself

The Guardian - AU

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View from The Hill: Chalmers claims ‘sustained progress’ against inflation, as government crosses its fingers for rate cut

After Wednesday’s encouraging inflation numbers, the Albanese government – and the financial markets – would be shocked if the Reserve Bank doesn’t cut interest rates in February.

The Conversation

Belief firms in rate relief as inflation takes breather

Markets and economists widely tip a February interest rate cut after underlying inflation came in below expectations for the December quarter.

AAP

‘We’ve been dumbed-down’: Australian farmers want the right to repair their own tractors again

Right to repair laws could boost agricultural productivity by $97m by removing costly and time-consuming trips to fix machinery issues, lobbyists say

The Guardian - AU

Tax cuts not enough to sway voter economic worries

The treasurer has brushed off polling showing voters are pessimistic about their finances despite cost-of-living relief measures.

AAP

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Tax changes ruled out as treasurer launches food fight

Cost of living remains a major focus of the upcoming federal election, with each party spruiking policies to address pressure on household budgets.

AAP

Australia warned to get productive or be left behind

Fault lines are widening between economic performance of nations and a global body warns Australia risks being left behind if it fails to improve productivity.

AAP

Why the RBA should rethink key inflation assumption

The strength of Australia's labour market has kept the Reserve Bank from cutting interest rates but growing evidence suggests it's not as crucial as thought.

AAP

Australia Frets Over Meta Halt To US Fact-checking

Australia is deeply concerned by Meta's decision to scrap US fact-check operations on its Facebook and Instagram platforms, a senior government minister said Thursday.

International Business Times

'Alarming' move by Meta raises misinformation fears

Meta's decision to end its third-party fact checks could put Australian democracy at risk amid an explosion of misinformation and disinformation, leaders warn.

AAP

Cost of living in mind as Labor clutches purse strings

Voters are crying out for more measures to combat the rising cost of living with a federal election looming as Labor preaches responsible economic management.

AAP

Early rate-cut hopes alive as core inflation eases

Hopes of a February interest rate cut have been rekindled as core inflation subsides, though the strong jobs market might prove a roadblock.

AAP

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AAP

Coalition insists nuclear plan won't blow up economy

The federal opposition has slammed government analysis that suggests its nuclear energy calculations are based on a shrinking economy in five states.

AAP

PM sharpens attack on nuclear in election-style tour

The prime minister is using a multi-state blitz to launch new offensives against the coalition's nuclear energy policy as the federal election looms.

AAP

PM hits the road to an election with multi-state blitz

The election year has begun with the prime minister making his first major promise as he embarks on a whirlwind cross-country crusade.

The Guardian - AU

If crypto is incorporated into Australia’s financial system, we will be lucky to avoid contagious collapse

As soon as people decide that crypto is valueless, it will be – but in the next few years, exposure of traditional institutions will likely run into the hundreds of billions

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The Conversation

Politics with Michelle Grattan: Chalmers says the budget’s better than it was; Taylor says it’s much worse than it should be

Appropriately, we finish our podcast for 2024 talking to Treasurer Jim Chalmers and his shadow, Angus Taylor because, as the saying goes, “it’s the economy, stupid!”

AAP

Productivity slump worsens Australia's deficit dilemma

Australia needs to get productivity growth back on track to pay for structural spending increases and avoid endless deficits, economists warn.

The Guardian - AU

A predicted deficit will get the headlines but remember that budgets are about choices

Right now the government is choosing to deliver $50bn a year to the richest 10% of Australians for no discernible benefit to the nation

The Guardian - AU

Why Australian politicians are angry at the ‘woke brigade’ over gender neutral gingerbread

The gingerbread people sold in a Parliament House cafe have some conservative politicians aghast

The Guardian - AU

Labor’s long game: why trust and a little fear matter more than a balanced budget

With voters distracted by Christmas, the government has saved major announcements for 2025, using the mini-budget to prove it can get its sums right

AAP

Crackdown on tobacco research, phoenixing boosts budget

Policy decisions will result in a $17.5 billion deterioration of the federal books, even as tax crackdowns boost revenue, a mid-year budget update predicts.

The Guardian - AU

Federal budget $27bn in the red and won’t return to balance for a decade, Myefo forecasts

Budget downgrade blamed on Australian economy being hit harder than anticipated by higher interest rates, cost of living pressures and global uncertainty

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