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The Latest Breaking News from Jim Chalmers

Afternoon Update: Chalmers’ ‘severe’ economic warning; blood donation rules change; and the female gaze revolution

End of war ‘can’t come soon enough’, treasurer says, as inflation expected to rise above 5% in Australia with global supply chains buffeted

The Guardian - AU

Chalmers says Iran war will raise inflation and unemployment, warning fallout of conflict could be ‘severe’

End of war ‘can’t come soon enough’, treasurer says, as inflation expected to rise above 5% in Australia with global supply chains buffeted

The Guardian - AU

States on edge about NDIS cuts as Chalmers flags they will be ‘easily the most important’ part of budget savings

Government sources in multiple states say they are worried about the breadth of the changes and possible costs

The Guardian - AU

From analysis to the latest developments in health,
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Trucking industry celebrates Fair Work fuel payment win – as it happened

All the day’s news as it unfolded

The Guardian - AU

Australia joins calls for Iran ceasefire to be upheld

A dozen finance ministers have signed a joint statement calling on the US, Israel and Iran to implement the ceasefire in full as the global economy teeters.

AAP

Job market yet to feel impact of Iran war, rate hikes

Australia's relatively low jobless rate has reinforced the Reserve Bank's view the labour market is still tight, adding to the case for more rate hikes.

AAP

'Oil doesn't discriminate': businesses on shaky ground

Even if the Middle East conflict is resolved soon, Australia's business sector will take time to recover from a shaky start to 2026.

AAP

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'Pretty severe': warnings for Australia ahead of budget

One of the world's leading economic bodies has warned a global recession could be on the way if the Middle East conflict is not resolved quickly.

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

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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AAP

'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.

The Conversation

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 Guardian - AU

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’

AAP

'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.

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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.

The Guardian - AU

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

Pedestrian.tv

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

Say goodbye to those sneaky added charges!

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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