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The Latest Breaking News from Jim Chalmers

Morning Mail: Albanese’s emissions tightrope, Christmas air fares soar, Baker Boy scoops Arias

In today’s newsletter: how Labor fought a fierce pre-election battle over climate policy; air fares sky-rocketing ahead of festive getaway; Yolŋu rapper cleans up at the Arias

The Guardian - AU

Treasurer hosts housing investor meeting

Treasurer Jim Chalmers will meet with private sector representatives on Friday for a roundtable on housing investments.

AAP

Review panel pledges to revitalise RBA

An independent panel set up to examine the Reserve Bank of Australia says it will make recommendations to "revitalise" the central bank.

AAP

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Global shocks likely to drive more frequent interest rate changes, RBA says

Central banks will need to adjust rates more often to respond to unpredictable levels of inflation, Philip Lowe says

The Guardian - AU

'Electric car discount' to pass parliament, taking thousands off the cost of popular low emissions cars

Crossbench senators have agreed to support a deal that will make some electric vehicles cheaper, and end tax benefits for plug-in hybrids from 2025.

ABC News

Labor eyes energy price fix by year's end

The treasurer is meeting with manufacturers and other businesses to discuss possible solutions to soaring energy prices.

AAP

Chalmers backs his budget on inflation

Without spending restraint, Treasury analysis implies Australian households would be facing a double whammy of higher repayments and higher inflation in 2023.

AAP

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Super funds should use their substantial holdings for public good

Last month Federal Treasurer Jim Chalmers unveiled the National Housing Accord, intended to build a million new homes in Australia. Part of the plan is to encourage superannuation funds to invest in social and affordable housing.

The Conversation

Australia, China leaders looking to stabilise ties at meeting on Tuesday

Australia will be looking to stabilise its relationship with China but does not expect a swift resolution to differences between the trade partners when Prime Minister Anthony Albanese meets with President Xi Jinping on Tuesday.

Reuters

To start cutting gas and electricity prices, here's what the government looks likely to deliver by Christmas

Treasurer Jim Chalmers says he’ll have a system in place to deal with rising energy prices by Christmas.

The Conversation

Anthony Albanese to hold ‘really important’ G20 meeting with Xi Jinping

Treasurer Jim Chalmers said a G20 meeting between Xi Jinping and Anthony Albanese won't fix everything, but is still an important step.

The New Daily

Albanese and China's Xi meet in Bali

Prime Minister Anthony Albanese has met with Chinese President Xi Jinping in a significant diplomatic breakthrough at the G20 summit.

AAP

Dan Andrews’ ‘big and bold’ success shows why Albanese needs to get a wriggle on

The Victorian premier has repeatedly charmed the state by ‘getting things done’, with visible projects overshadowing the party’s missteps elsewhere.

Crikey

Nearly 90% of Australians want government to step in on energy costs, poll finds

Survey shows strong support for lowering prices by limiting exports and imposing windfall profits tax on gas companies

The Guardian - AU

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ABC News

China's demand for Australian iron ore stalls, sending the price for our biggest earner spiralling

WA's iron ore miners are ramping up production with new mines, but with the commodity price falling, is it worth it?

Crikey

The RBA knows so much about us — but what do we actually know about it?

The Reserve Bank’s experts hold Australians’ financial lives in their hands, but do they live in the real world where the cost of living is crippling?

The New Daily

Paul Bongiorno: Standing up to the bullies sets a welcome precedent on workplace relations

When it comes to strident political hyperbole, few can match the Liberals’ workplace relations shadow minister Michaelia Cash.

The Conversation

Leading economists back federal government action to curb rising gas and electricity prices

Australia’s top economists have overwhelmingly endorsed intervention to restrain gas and electricity prices, with only three of the 47 leading economists surveyed believing the best thing the government can do is to leave things to the market.

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Crikey

We’re a rude mob, says PM

Debate in politics has become less civil over his years in Parliament, Anthony Albanese says, and Ampol was one of the public companies that didn’t pay tax last financial year, even though its gross income was more than $20 billion.

The Guardian - AU

Morning Mail: Imran Khan wounded in ‘assassination attempt’, cybercrime threat, Chalmers’s energy pledge

In today’s newsletter: former Pakistan PM survives attack by gunman; signals directorate warns of risk of increased hacking; cost of prison system soars as more women jailed

ABC News

Treasurer Jim Chalmers plays down recession fears on Q+A as energy costs and inflation continue to rise

Treasurer Jim Chalmers tells ABC's Q+A that he intends to tackle the rising cost of power prices by Christmas as he defends the budget and plays down the fears of Australians about a recession.

The Conversation

Grattan on Friday: Anthony Albanese won't be at COP27 but energy will be on his mind

Anthony Albanese leaves late next week for another round of international diplomacy, starting with the East Asia Summit in Cambodia, followed by the G20 in Indonesia, and APEC in Thailand.

The Guardian - AU

Energy price relief plan due before Christmas, Jim Chalmers tells ABC’s Q+A

In a solo appearance, the treasurer is bombarded with questions but does not rule out subsidies or changes to company tax

The Guardian - AU

Tax concessions for housing investors to cost $20bn a year within a decade, analysis shows

Parliamentary budget office report shows high income earners will benefit most from negative gearing and capital gains tax concessions

The Guardian - AU

One in four Australians struggling to make ends meet as inflation strains incomes, study shows

Household earnings are taking a hit with many reporting a real pay cut despite working more hours

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