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The Latest Breaking News from Jim Chalmers

No such thing as a free lunch. Questions for RBA governor Philip Lowe about ‘cosy’ meeting

RBA governor Philip Lowe will be asked to explain why he privately briefed elite bankers about the ninth consecutive rise in interest rates – during a

The New Daily

Treasurer says government's energy market intervention is already working to provide household relief

Treasurer Jim Chalmers tells ABC Insiders the federal government's intervention is putting downward pressure on electricity prices, and inflation remains the economy's greatest challenge.

ABC News

Jim Chalmers confident Australia will avoid recession despite warnings of more interest rate rises

The treasurer also noted ‘very encouraging’ signs on power prices falling, saying Labor’s energy price relief package was working

The Guardian - AU

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Intervention for energy prices working, says treasurer

Treasurer Jim Chalmers says intervention in the energy market is working and that a decision will be made mid-year on the fate of RBA governor Philip Lowe.

AAP

RBA backs power bills relief plan to help ease costs

As Treasurer Jim Chalmers has seized on support for a power bill relief plan as he meets his state and territory counterparts online.

AAP

Walking the ‘narrow path’: Will Australia avoid a recession in 2023 as Jim Chalmers predicts?

Treasurer Jim Chalmers isn't predicting a recession in 2023, but experts say the risk is rising as consumer spending slows.

The New Daily

A story for every place, not jobs and growth: Revive reflects global trends in policy – cultural and otherwise

Federal Labor is engaged in urgent reform, making up for the “lost decade” under the Coalition. The Voice, industrial relations, climate change, universities, health, Asian-Pacific diplomacy, research and development are all undergoing significant policy review. We can now add the new National Cultural Policy, dubbed Revive.

The Conversation

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Tanya Plibersek blocks Clive Palmer’s proposed coalmine – as it happened

This blog is now closed

The Guardian - AU

RBA warns of at least 2 more interest rate rises in coming months, as the economic outlook worsens

Australia’s cash rate has hit 3.35%, after the Reserve Bank raised interest rates for the ninth time in a row – and signalled more interest rate pain ahead. The 0.25 percentage point rise adds A$90 a month to a $600,000 variable mortgage.

The Conversation

‘Higher than expected’: RBA signals more rate hikes as 2023 inflation battle begins

The Reserve Bank has kicked off the New Year with another squeeze on homeowners, lifting its target cash rate to a decade-high 3.35 per cent.

The New Daily

The great appropriation: ‘First Nations First’ and rebranding the new imperial Australia

Labor is redefining Australia via Indigenous recognition. Shame it’s being used to sell our commitment to AUKUS and an Asia alliance.

Crikey

Jim Chalmers’ essay tries to make sense of our economic mess, not save the world

Crikey readers go on a Chalmers offensive, batting away Guy Rundle’s ‘exaggerated critique’ of the treasurer’s recent essay.

Crikey

‘Hyperventilating’ critics can expect restrained budget come May: treasurer

On Sunday, Jim Chalmers outlined Labor’s economic agenda for the new year, which will focus on providing cost of living relief — so long as it doesn’t add to inflation.

Crikey

Chalmers’ plan isn’t radical. Labor needs an alternative to the rule of capital

The treasurer’s unimpressive essay is an announcement of a strategy of political control as much as it is of economic planning.

Crikey

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Crikey

A matter of life, and death

Women living in regional Australia die on average 19 years earlier than those living in cities, and all poker machines in NSW could be cash-free in five years.

The Guardian - AU

Jim Chalmers says it’s absurd to expect him to copy Paul Keating as critics lash values-based capitalism essay

Treasurer says 2023 priorities include cost-of-living relief, a tax expenditure statement and the intergenerational report and wellbeing framework

The Guardian - AU

Fury over Chalmers’ essay is a reminder to Labor: change won’t get an easy ride

The government has an enormous agenda this year but the reaction to the treasurer’s ideas signals the obstacles it faces

AAP

Letters explaining $5 note shock decision released

Letters explaining the future of Australia's $5 note, which will include a replacement for the portrait of the monarch with a new design, have been released.

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The Guardian - AU

Afternoon Update: national cabinet falls short on primary care, AMA says; US police kill again; and a Chinese spy balloon

Strengthening Medicare report welcomed but experts criticise lack of detail on making GPs more affordable for Australians

The Guardian - AU

Morning Mail: Albanese’s voice pledge, Turnbull raises Aukus sovereignty risk, Shell profits double

The prime minister will go ahead with the referendum even without bipartisan support, he tells us

The Guardian - AU

Superannuation tax breaks will cost budget $52bn, almost matching Australia’s age pension

New analysis calls for major changes including restrictions on concessions as the country risks having ‘two classes of state-funded retirees’

The Conversation

Grattan on Friday: Chalmers attracts some flak for blue sky ideas but the government has bigger problems

Jim Chalmers likes to say we need national “conversations” about the economic issues facing the country. Now, just as the new parliamentary year is set to begin on Monday, Chalmers has bought himself a doozy of a conversation, with his essay advocating we embrace “values-based capitalism”.

The Guardian - AU

Afternoon Update: Pell funeral met with protests; no Charles on $5 note; and the ACT’s new EV incentive

Tony Abbott leads the praise inside St Mary’s Cathedral while protesters outside face off with funeral attenders in sometimes heated exchanges

ABC News

IMF urges tough tax reforms as Australia treads 'narrow path' to avoid recession

The Albanese government is being urged to embark on a range of unpalatable economic and tax reforms to pay for massive spending already baked into its budget.

AAP

More interest rate increases are warranted, says IMF

Australia's economy is tracking toward a soft landing but the International Monetary Fund envisions more cash rate increases in 2023.

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