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The Latest Breaking News from Jim Chalmers

Australian central bank lifts cash rate to 9-year high 2.6%

Australia’s central bank has boosted its benchmark interest rate for a sixth consecutive month to a nine-year high of 2.6%

The Independent UK

Rate pain will add more scrutiny to Labor's economic management

The sixth consecutive rate rise may impinge on Labor's budget plans.

The Canberra Times

Jim Chalmers says he will make the ‘right decisions’ on stage-three tax cuts

Treasurer says while the government’s policy has not yet changed ‘any responsible government’ would be looking at global economic pressures

The Guardian - AU

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Banks raise interest rates in response to RBA – as it happened

This blog is now closed

The Guardian - AU

Paul Bongiorno: Time overdue for a conversation about our welfare state

The penny is dropping even in the citadels of western capitalism that trickle-down economics is no longer fit for purpose – if it ever was.

The New Daily

Multinational tax reform gets under way

The Albanese government has opened consultations on international corporate tax reforms to close tax loopholes exploited by multinationals.

AAP

A shift on stage-three tax cuts would move the first Albanese budget from B for boring to B for big

Labor understands any broken promise will be weaponised by its political foes. But an economic storm is brewing and it’s time to change tack

The Guardian - AU

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How the government plans to make multinationals pay their share of tax

The federal government has begun moving on international tax reforms.

The Canberra Times

Rate rises tipped to slow in coming months

Mortgage holders will be watching the central bank's October decision nervously, with a rate rise of at least 25 basis points all but certain.

AAP

Alan Kohler: Past budgets and tax cuts are a foreign country

When LP Hartley wrote “the past is a foreign country: they do things differently there”, as the first line of his novel The Go-Between, he was on about

The New Daily

Majority of Australians back sound economic management over keeping promised tax cuts, survey suggests

Almost half of those polled support axing stage three cuts while one quarter thought they should be kept

The Guardian - AU

Labor to take 'responsible path': Chalmers

Treasurer Jim Chalmers is looking abroad to avoid an economic meltdown at home as he prepares to deliver his government's October budget.

AAP

COVID, it’s all well and good: Perrottet

Today NSW Premier Dominic Perrottet will lead a push in national cabinet to axe five-day mandatory COVID isolation, and under the new federal ICAC legislation even the prime minister’s phone could be tapped.

Crikey

Madonna King: Why is the Queen a notable exception? Do we get rid of her at all?

There are many contenders. But here’s the rub. Whether you know who's on the note or not, we all know it’s not worth what it used to be.

The New Daily

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AAP

More homes selling at a loss

There's been an uptick in home owners selling at a loss as rising interest rates push property prices lower.

ABC News

Treasurer Jim Chalmers flags new budget strategy, but tax cap 'plucked from the air' can stay for now

The Albanese government's first federal budget will include a significant rewriting of official budget guidelines and will also see forecasts for unemployment revised as a "consequence" of a deteriorating global outlook, the treasurer has flagged.

Crikey

My country, a land of droughts and flooding rain

Forecasters warn that every town in Australia should prepare for one of the most severe weather seasons on record, and Treasurer Jim Chalmers wants an Australian to replace the queen on the $5 note.

ABC News

The fuel excise cut has ended. Here is what it means for fuel prices and whether you should fill up with petrol or diesel now

Motorists are being told to prepare for rising fuel prices as the tax cut made six months ago comes to an end. Here's what you need to know.

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AAP

Motorists brace for fuel price hike

Petrol prices are expected to shoot up by more than 20 cents a litre now that the fuel excise has been reinstated in full.

The Guardian - AU

Average Australian renter paid $3,000 more last year, research finds

Greens say average rent rise of 13.8%, or $62 a week, highlights need for two-year national freeze

The Guardian - AU

Anthony Albanese says ‘Optus should pay’ for new passports for data breach victims

Push comes day after states suggest telco will pick up multi-million dollar tab for replacing driver’s licences of affected customers

The Guardian - AU

Jim Chalmers warns not to expect budget surplus as treasury forecasts ‘difficult decisions’ ahead

Treasurer says it will take more than one budget to turn the Australian economy around amid a deteriorating global market

The Guardian - AU

Australian drivers facing fuel price hike of up to 24 cents a litre as excise cut expires

ACCC warns outlets against passing on increased excise before running down supplies of half-taxed fuel

Pedestrian.tv

The Govt Is Considering Adding ADHD To The NDIS, Which Is Great News For People Acronyms

THAT’S what I’m talkin’ about.

AAP

Australia not safe from economic downturn

The troubles facing the global economy are far from over and Australia is unlikely to get away unscathed, an OECD report says.

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