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The Latest Breaking News from Jim Chalmers

‘Higher than expected’: RBA signals more rate hikes as 2023 inflation battle begins

The Reserve Bank has kicked off the New Year with another squeeze on homeowners, lifting its target cash rate to a decade-high 3.35 per cent.

The New Daily

Jim Chalmers says it’s absurd to expect him to copy Paul Keating as critics lash values-based capitalism essay

Treasurer says 2023 priorities include cost-of-living relief, a tax expenditure statement and the intergenerational report and wellbeing framework

The Guardian - AU

Fury over Chalmers’ essay is a reminder to Labor: change won’t get an easy ride

The government has an enormous agenda this year but the reaction to the treasurer’s ideas signals the obstacles it faces

The Guardian - AU

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Letters explaining $5 note shock decision released

Letters explaining the future of Australia's $5 note, which will include a replacement for the portrait of the monarch with a new design, have been released.

AAP

Afternoon Update: national cabinet falls short on primary care, AMA says; US police kill again; and a Chinese spy balloon

Strengthening Medicare report welcomed but experts criticise lack of detail on making GPs more affordable for Australians

The Guardian - AU

Morning Mail: Albanese’s voice pledge, Turnbull raises Aukus sovereignty risk, Shell profits double

The prime minister will go ahead with the referendum even without bipartisan support, he tells us

The Guardian - AU

Superannuation tax breaks will cost budget $52bn, almost matching Australia’s age pension

New analysis calls for major changes including restrictions on concessions as the country risks having ‘two classes of state-funded retirees’

The Guardian - AU

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Grattan on Friday: Chalmers attracts some flak for blue sky ideas but the government has bigger problems

Jim Chalmers likes to say we need national “conversations” about the economic issues facing the country. Now, just as the new parliamentary year is set to begin on Monday, Chalmers has bought himself a doozy of a conversation, with his essay advocating we embrace “values-based capitalism”.

The Conversation

Afternoon Update: Pell funeral met with protests; no Charles on $5 note; and the ACT’s new EV incentive

Tony Abbott leads the praise inside St Mary’s Cathedral while protesters outside face off with funeral attenders in sometimes heated exchanges

The Guardian - AU

IMF urges tough tax reforms as Australia treads 'narrow path' to avoid recession

The Albanese government is being urged to embark on a range of unpalatable economic and tax reforms to pay for massive spending already baked into its budget.

ABC News

More interest rate increases are warranted, says IMF

Australia's economy is tracking toward a soft landing but the International Monetary Fund envisions more cash rate increases in 2023.

AAP

Alan Kohler: The RBA is fighting for its purpose … and its life

Let’s have a sort of “upper-level extension” to the RBA in the fight against inflation, writes Alan Kohler.

The New Daily

Business sector has driven shift to ‘values-based capitalism’, Jim Chalmers says

Treasurer hits back at criticism of his essay that championed co-investment and economic inclusion

The Guardian - AU

Humanising capitalism: Jim Chalmers designs a new version of an old Labor project

Treasurer Jim Chalmers begins his Monthly essay “Capitalism After the Crises” with a quote from the ancient Greek philosopher Heraclitus: “No man ever steps in the same river twice. For it’s not the same river, and he’s not the same man.”

The Conversation

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AAP

Treasurer woos global investors who share his values

Treasurer Jim Chalmers is leaning on superannuation funds and global connections to power Australia's push to rewire homes and industries with clean energy.

AAP

Global growth outlook slightly healthier, says IMF

The outlook for the global economy has improved marginally, with inflation likely past its peak and trending down over 2023 and 2024.

The Conversation

Politics with Michelle Grattan: Treasurer Jim Chalmers answers critics of his 'values-based capitalism'

Treasurer Jim Chalmers has rejected as “laughable” criticism he has turned his back on the Hawke-Keating reform era in his blueprint for “values-based capitalism”.

AAP

More mortgage pain to become reality

Finance Minister Katy Gallagher says it will be a tough year for hundreds of thousands of people coming off fixed mortgage rates and on to higher variable ones.

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AAP

We need values-first capitalism: Chalmers

The federal treasurer has called for a new economic order that's more aligned with Australia's values and more resilient to back-to-back shocks.

The Guardian - AU

Jim Chalmers says May budget to have ‘much bigger focus’ on tackling entrenched disadvantage

Treasurer says ‘best way to shift the needle’ is to ‘find out where those challenges are most acute’, and ‘this is something I care deeply about’

The Conversation

Jim Chalmers lays out agenda for pursuit of 'values-based capitalism'

Treasurer Jim Chalmers has laid out an economic blueprint for pursuing “values-based capitalism”, involving public-private co-investment and collaboration and the renovation of key economic institutions and markets.

ABC News

Treasurer Jim Chalmers furious former PwC partner leaked confidential government briefings

Jim Chalmers says there was a breach of trust when a former partner at consulting firm PricewaterhouseCoopers leaked confidential government briefings to the firm's staff and partners.

The Guardian - AU

Afternoon Update: Inflation may have peaked at 7.8%; new PM in NZ; and South Australians eating endangered flake

Economists say the RBA will likely continue to hike rates in the short term despite inflation reaching peak

The Guardian - AU

Jim Chalmers ‘furious’ after former PwC tax adviser found to have shared confidential government briefings with staff

Treasurer vows to ‘throw the book’ at people responsible for breach after unauthorised disclosures of multinational tax consultations

AAP

Treasurer 'ropeable' about tax secret leak

Jim Chalmers has slammed a consultancy giant for breaching the government's trust by circulating confidential information.

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