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The Latest Breaking News from Jim Chalmers

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

AAP

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

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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

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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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?

ABC News

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 New Daily

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.

The Conversation

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

The Guardian - AU

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.

ABC News

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 Conversation

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

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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

ABC News

Anthony Albanese defends decision for no 'cash splash' in budget

Prime Minister Anthony Albanese says a budget cash handout would have been "cheap politics and hugely expensive economics".

The Guardian - AU

Angus Taylor says government axing stage-three tax cuts ‘would be a broken promise of incredible magnitude’

Shadow treasurer describes the policy as the greatest ‘marker of values in this term of parliament’

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The Conversation

Labor's lead slides in Newspoll, but honeymoon continues in Resolve poll after budget

A Newspoll, conducted October 27-30 from a sample of 1,500, gave Labor a 55-45 lead, a two-point gain for the Coalition since the last Newspoll in early September. Primary votes were 38% Labor (up one), 35% Coalition (up four), 11% Greens (down two), 6% One Nation (down one), 1% UAP…

The Guardian - AU

Why the focus on energy prices? Inflation is more likely to be driven by surging housing, transport and food costs

Increases in electricity and gas prices are less to blame for the cost-of-living squeeze than many other components. Here’s why

The Independent UK

Australian cash rate rises for 7th straight month to 2.85%

Australia’s central bank has boosted its benchmark interest rate for a seventh consecutive month to a nine-year high of 2.85%

AAP

Workplace changes unlikely to be split off

Contentious parts of the Albanese government's proposed workplace reforms are unlikely to be split off to make the laws pass parliament sooner.

The Guardian - AU

Guardian Essential poll: two-thirds of voters back intervention in energy market as power prices soar

Survey after Jim Chalmers’ first budget suggests people pessimistic about economic outlook amid cost-of-living pressures

The Guardian - AU

‘I would get rid of them’: Tanya Plibersek said she was against stage-three tax cuts, constituent claims

Longtime Labor supporter says Plibersek told him she disagreed with the decision to keep tax cuts legislated by former Coalition government

The New Daily

Treasurer taking gas price cap ‘seriously’

Growing calls for a price cap on gas are being taken seriously by the federal treasurer ahead of a predicted rise in energy prices.

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