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The Latest Breaking News from Jim Chalmers

Electricity prices to rise by up to a quarter in parts of Australia after energy regulator issues market default decision

Australian Energy Regulator says power bills would have gone up twice as fast without government intervention

The Guardian - AU

About 300,000 Victorians who use negative gearing could claim land tax hikes as deductions

Premier says levy is ‘tax deductible’ as ATO says 304,942 Victorians used negative gearing in 2019/20

The Guardian - AU

Will Jim Chalmers' budget drive up inflation? Not likely – and here's why

The proposition that cutting prices will stoke inflation is a hard one to get your head around, even if you are an economist.

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

Consumer confidence edges up but low mood prevails

Consumers are feeling a touch more optimistic about their personal finances, with the jobless rate low and pay packets rising.

AAP

ABC staff walk out over ‘abhorrent’ abuse of Stan Grant

Furious ABC staff have walked off the job to protest the treatment of outgoing Q+A host Stan Grant.

The New Daily

Treasurer spruiks jobs market but cost of living bites

The treasurer says the Albanese government has overseen the strong jobs growth during its first year but the opposition says it has failed to tame inflation.

The New Daily

Australia aims to 'tighten the screws' against Russia

Treasurer Jim Chalmers says Australia needs to continue to work with partners to "tighten the screws on Vladimir Putin and his cronies" to stop Russia's war.

AAP

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Progress made with China despite trade block: Treasurer

Treasurer Jim Chalmers says progress has been made with China on the removal of trade bans after the prime minister accepted an invitation for a state visit.

The New Daily

MP speaks out against voice claims – as it happened

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The Guardian - AU

Labor hails ‘strongest start for jobs growth’ of any Australian government

Analysis shows more than 330,000 jobs gained in past year, but treasurer concedes inflation needs to cool

The Guardian - AU

View from The Hill: Quad without hoopla still worked, while China visit will require delicate diplomacy

Anthony Albanese now has a firm promise of a state visit to the United States this year, and an invitation to go to China.

The Conversation

Of the many things the budget didn’t explain, this could be the most important

Did the budget leave the Albanese government, just one year old this week, the maximum amount of political room to move?

The New Daily

PM announces new sanctions – as it happened

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The Guardian - AU

Madonna King: Could loneliness be as deadly as smoking?

Dr Murthy believes chronic and widespread loneliness – enveloping half of all adults in his country – costs billions of dollars each year.

The New Daily

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The Conversation

Grattan on Friday: Albanese governs on softly-softly catchee monkey formula. Would Plibersek or Chalmers have been bolder?

Reading Margaret Simons’ recently released biography of Tanya Plibersek brought to mind an interesting question. What sort of Labor government would we have if Plibersek, rather than Anthony Albanese, had become Labor leader in 2019, and then won the 2022 election?

The Independent UK

China lifts ban on Australian timber imports in another sign of improving bilateral relations

China has opened its doors to Australian timber imports for the first time in more than two years, in another sign that the tattered bilateral relationship is being repaired

The Conversation

Economists award Chalmers top marks for budget, but less for fighting inflation

Asked to grade Jim Chalmers’ second budget on his own criteria of delivering “relief, repair and restraint”, most of the 57 leading economists surveyed by the Economic Society of Australia and The Conversation give it top marks.

The New Daily

Cost of stage-three tax cuts balloons to $313 billion

The cost of the stage-three tax cuts has blown out to $313 billion over 10 years, with more than half of the benefit set to flow to rich.

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The Conversation

PwC scandal shows consultants, like church officials, are best kept out of state affairs

Australia’s Treasurer Jim Chalmers called it “an appalling breach of trust”. But the scandal involving the local arm of PricewaterhouseCoopers (PwC), the world’s second-largest professional services firm, is much worse than that.

ABC News

Shadow Treasurer Angus Taylor gives post-budget address at National Press Club — as it happened

Angus Taylor addresses the National Press Club for his post-budget address, one week after Treasurer Jim Chalmers handed down his second budget.

The New Daily

Labor to tackle negative gearing in debate about party’s past and future

Labor policy limiting negative gearing only to new homes was seized upon leading up to the party’s 2019 election loss.

The Guardian - AU

Stage-three tax cuts cost blowout predicted, with men and the wealthy to benefit most

Adam Bandt decries ‘massive black hole’ after Parliamentary Budget Office analysis puts cost at $313bn over a decade

The Conversation

4 ways to bring down rent and build homes faster than Labor's $10 billion housing fund

Treasurer Jim Chalmers is the first in decades to declare war on what he calls the “pain of rising rents”.

The Guardian - AU

Labor faces internal pressure to crack down on negative gearing with cap of one property

The ALP’s first national conference under the Albanese government will also debate union proposal for an export tariff on unprocessed critical minerals

The Guardian - AU

Treasurer wants energy transition to be his legacy – as it happened

This blog is now closed.

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