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The Latest Breaking News from Jim Chalmers

Riding high on record profits, gas companies warn we could soon be crying poor

Treasurer Jim Chalmers confirmed on Sunday the government was considering all options, including regulating gas companies.

The New Daily

Treasurer Jim Chalmers can’t say when Australians' power bills will come down

Jim Chalmers says the government is "always recalibrating our expectations for electricity price rises" and that prices will "moderate in time".

ABC News

Treasurer says gas review likely to result in mandatory code of conduct as energy costs soar

Government has also not ruled out using threat of export limits to guarantee more domestic supply, Jim Chalmers says

The Guardian - AU

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Chalmers vows to make budget sustainable

After handing down his first budget, Treasurer Jim Chalmers says structural issues will still need to be addressed during the parliamentary term.

AAP

AFP foil plan to import $1.6bn of liquid meth in coconut water bottles – as it happened

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The Guardian - AU

Peter Dutton delivers red meat to the conservative base while moderates wait for the second coming of Josh Frydenberg

The opposition leader’s doubling down on crusades that estrange the party from its inner-city heartland must have felt pretty eccentric from the teal corner

The Guardian - AU

The federal budget had 'tough decisions' — but it's crunch time for Australians, too

Meet Miriam. She's the "typical Aussie", juggling a family, a part-time job and a growing pile of bills. Not one policy in the budget's five-point plan for cost of living relief will help her now — but for millions like her, crunch time is already here.

ABC News

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The budget changes for retirees and pensioners you need to know about

Australia's 15.6 million super fund members and retirees need to know what changes have come in with Labor's first budget in nine years

The New Daily

Households slammed as budget offers little relief from massive inflation wave

With annual inflation reaching a 32-year high over the September quarter, food staples were hit hard and its going to get worse.

The New Daily

The 'surprising' finding of an online poll about COVID-19 vaccines is not what it seems

A news.com.au poll on vaccine satisfaction was shared dozens of times in online groups populated by anti-vax activists, some with direct call outs encouraging manipulation of the results.

ABC News

Call for energy ministers to agree to gas price cap at 30% of current market offers

Head of Australian energy users group says current $35 per gigajoule is ‘dire’ and a $10/GJ cap would be ‘pretty fair and reasonable’

The Guardian - AU

Grattan on Friday: Cost of living goes from a winner for Albanese in May to a weapon for Dutton in October

An opposition leader has a tricky task when delivering a first budget reply after an election rout. But circumstances played into the hands of Peter Dutton for his big parliamentary occasion on Thursday night.

The Conversation

Cheaper gas and electricity prices are within Australia's grasp – here's what to do

Virtually every country in the world is facing a crisis in energy costs, yet while other countries can’t do much about it, Australia can.

The Conversation

1 million homes target makes headlines, but can't mask modest ambition of budget's housing plans

Housing took centre stage in Treasurer Jim Chalmers’s first budget this week. Relatively modest but positive steps were made towards tackling Australia’s worsening shortage of affordable social housing, as well as the broader challenge of housing affordability. But parts of the package cast some doubt on the new government’s analysis…

The Conversation

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ABC News

Albanese government staring at 'unpleasant choices' amid deepening energy price crisis

Pressure mounts on the Commonwealth to fix the electricity system's woes, but observers warn there are no easy solutions and consumers are in for a rough ride.

Newcastle Herald

Labor's Budget commitments to the Hunter need timely funding on the follow through

Thanks for the Budget Jim, now keep it coming

The New Daily

Michael Pascoe: The budget without reply

Next Thursday the Sydney Liberal Party faithful are being invited to pay $880 a seat for lunch and to listen to a budget reply.

AAP

Budget missed chance for relief: Dutton

Peter Dutton has used his first budget reply speech to attack the lack of cost-of-living measures put forward by the government while inflation rises.

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The Guardian - AU

Threaten Australian gas companies with export limits to rein in domestic prices, former ACCC boss says

Exclusive: Rod Sims argues federal government needs to be tougher, stating ‘it just needs the threat and I think they will act’

The New Daily

Opposition hits out at Labor’s ‘vanity’ budget

The shadow treasurer rejected the concept of the structural deficit at the heart of the budget and said the economy could be grown faster.

The New Daily

Migration push means housing shortage remains, despite Labor’s budget fix

Treasurer Jim Chalmers unveiled the government’s plan to accelerate the construction of new housing across the country.

The Conversation

Politics with Michelle Grattan: Jim Chalmers, Angus Taylor and Danielle Wood on the budget

Treasurer Jim Chalmers says of his first budget: “Inflation is the dragon we need to slay”. Chalmers’ worry about inflation was reinforced by Wednesday’s release of the September quarter CPI, which showed inflation at 7.3%.

The Guardian - AU

Federal budget: Jim Chalmers flags intervention in energy market as prices surge

ACCC to review gas industry as Labor’s budget forecasts point to a 56% rise in power prices over the next two years

The Conversation

Chalmers hasn't delivered a wellbeing budget, but it's a step in the right direction

It was billed as Australia’s first wellbeing budget. But, five months into a new government, with so many economic fires to fight, Treasurer Jim Chalmers’ first budget was never going to be that.

The Guardian - AU

Australian voters were betrayed on energy prices, but not by Labor’s budget

Before things get totally hysterical over the next few days, let’s talk about what betrayal really looks like

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