RBA backs power bills relief plan to help ease costs As Treasurer Jim Chalmers has seized on support for a power bill relief plan as he meets his state and territory counterparts online. AAP · Feb 9, 2023
Walking the ‘narrow path’: Will Australia avoid a recession in 2023 as Jim Chalmers predicts? Treasurer Jim Chalmers isn't predicting a recession in 2023, but experts say the risk is rising as consumer spending slows. The New Daily · Feb 8, 2023
A story for every place, not jobs and growth: Revive reflects global trends in policy – cultural and otherwise Federal Labor is engaged in urgent reform, making up for the “lost decade” under the Coalition. The Voice, industrial relations, climate change, universities, health, Asian-Pacific diplomacy, research and development are all undergoing significant policy review. We can now add the new National Cultural Policy, dubbed Revive. The Conversation · Feb 8, 2023
Tanya Plibersek blocks Clive Palmer’s proposed coalmine – as it happened This blog is now closed The Guardian - AU · Feb 7, 2023
RBA warns of at least 2 more interest rate rises in coming months, as the economic outlook worsens Australia’s cash rate has hit 3.35%, after the Reserve Bank raised interest rates for the ninth time in a row – and signalled more interest rate pain ahead. The 0.25 percentage point rise adds A$90 a month to a $600,000 variable mortgage. The Conversation · Feb 7, 2023
‘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 · Feb 7, 2023
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 · Feb 5, 2023
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 · Feb 3, 2023
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 · Feb 3, 2023
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 · Feb 3, 2023
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 · Feb 2, 2023
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 · Feb 2, 2023
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 · Feb 2, 2023
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 · Feb 2, 2023
ABC News · Feb 2, 2023 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.
AAP · Feb 1, 2023 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.
The New Daily · Feb 1, 2023 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 Guardian - AU · Feb 1, 2023 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 Conversation · Feb 1, 2023 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.”
AAP · Feb 1, 2023 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 · Jan 31, 2023 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 · Jan 30, 2023 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 · Jan 29, 2023 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.
AAP · Jan 27, 2023 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 · Jan 27, 2023 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’