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The Latest Breaking News from Jim Chalmers

Anthony Albanese says comparing his Ukraine visit to Scott Morrison’s Hawaii holiday ‘beyond contempt’

PM defends his response to NSW floods crisis, saying federal Coalition didn’t ‘get the memo about the new politics’

The Guardian - AU

Commonwealth Bank, ANZ, NAB and Wespac to lift variable mortgage rates by half a percentage point

All of the big four banks will pass on the Reserve Bank's latest interest rate rise to home loan customers in full — but not all savers.

ABC News

More major warnings issued as focus turns to mid-north coast – as it happened

This blog is now closed

The Guardian - AU

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Michael Pascoe: Australian official briefed foreign power against RBA

While all eyes were on the Reserve Bank on Tuesday, an extraordinary story in the weekend press seems to have slipped by without notice.

The New Daily

Economy braced for fresh wave of hurt amid calls for 'belt tightening'

Major flooding will drive up inflationary pressures for the economy.

The Canberra Times

CBA, ANZ raise their interest rate levels

ANZ has followed Commonwealth Bank in raising mortgage rates following the central bank's decision to lift the cash rate to 1.35 per cent.

AAP

Cost-of-living crisis will get worse before it gets better: Jim Chalmers

Treasurer Jim Chalmers has conceded the cost-of-living crisis will get worse before it gets better after the RBA hiked interest rates by 50 basis points.

The New Daily

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Fuel excise relief to end: Treasurer

Labor's Jim Chalmers says motorists should be ready for fuel prices to rise in September as economic challenges like high inflation take a toll.

AAP

Pay rise won 'for those who kept us going'

Treasurer Jim Chalmers says the new Labor government has fought for the minimum wage rise up to 2.8 million Australians will receive from July 1.

AAP

Moody's affirms Australia's AAA rating

Treasurer Jim Chalmers has welcomed Moody's affirmation of Australia's AAA credit rating.

AAP

Future make-up of RBA board a 'key consideration' going forward, says Federal Treasurer

Federal Treasurer Jim Chalmers throws his support behind calls for the Reserve Bank board to be more representative of the broader Australian community, following scathing criticism that it is out of touch with workers demanding wage increases.

ABC News

Extraordinary commodity prices aid budget

Strong prices for Australia's commodities has seen a marked improvement in the budget, Treasurer Jim Chalmers says, but he warns these prices are volatile.

AAP

Jim Chalmers says inflation will go higher, but unions are right to push for higher wages

Treasurer says it is ‘uncontroversial’ for unions to note that wage rises are below inflation, and suggests there may be a place for workers’ representative on RBA board

The Guardian - AU

Ministers defend cut to crossbenchers’ advisers, despite fury of Jacqui Lambie and other independents

Lambie, Zali Steggall and David Pocock have attacked the Albanese government’s decision, saying they may not support legislation if they don’t have the resources to understand it

The Guardian - AU

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The Conversation

Beyond GDP: Jim Chalmers' historic moment to build a well-being economy for Australia

Australia’s new federal treasurer, Jim Chalmers, spoke regularly in opposition about a well-being budget and the need to measure more than just the traditional economic indicators.

The Guardian - AU

Public service shake-up continues with four new secretaries for government departments – as it happened

This blog is now closed

ABC News

Where did the RBA find evidence of wage growth?

The Reserve Bank of Australia is facing a federal government review, and we found one good reason for it: Wages growth data has come from a source that an expert called not "statistically valid".

The New Daily

Alan Kohler: The NDIS could crush the Labor government

The Albanese government faces something of a classic Hobson’s Choice when it comes to the revamping the NDIS, writes Alan Kohler.

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Pedestrian.tv

Federal Treasurer Jim Chalmers Backs State Talks To Scrap Stamp Duty So Here’s The Lowdown

Starting with “what the fuck is stamp duty?“.

The Conversation

Australia's Reserve Bank has got a lot right, but there's still a case for an inquiry

Treasurer Jim Chalmers is about to commission an independent review of the Reserve Bank of Australia. Refreshingly, his election promise was bipartisan – both sides of politics want it.

The New Daily

Madonna King: When the cost of living becomes the cost of suffering

Floods, COVID supply issues and war created a perfect storm. Those battening down the hatches aren’t seeing perfection anywhere near their household spend.

The New Daily

Cost-of-living crisis another case of runaway inflation

Both a full-blown cost-of-living crisis and a related but independent energy crisis have broken out in the past month, as Labor takes the government reins.

The Conversation

Grattan on Friday: If the Albanese government did what really needs to be done, it would be a very big target

Usually the speeches of treasury secretaries are relatively bland, echoes of their political masters. But an address this week from Steven Kennedy was something quite different.

AAP

Payroll jobs grow more slowly than 2021

The Australian Bureau of Statistics said payroll jobs grew by 0.2 per cent in the month to May, recovering after the impact of the Easter holiday in April.

The Guardian - AU

Albanese says cost of living concerns will be ‘front and centre’ of cabinet meeting

Inflation, energy prices and wages growth on Labor’s agenda as pressure builds to provide relief to low income earners before October budget

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