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The Latest Breaking News from Saul Eslake

Jim Chalmers says the current government has taxed, borrowed and spent more than Labor did. Is that correct?

Shadow Treasurer Jim Chalmers says the current government has taxed, borrowed and spent more than the previous Labor government. RMIT ABC Fact Check takes a look at his claim.

ABC News

Politics with Michelle Grattan: Economist Saul Eslake on why Reserve Bank needs to raise rates next week

After Wednesday’s larger-than-expected inflation number, all attention has turned to the Reserve Bank’s meeting on Tuesday. If the bank moves next week, it will be the first time there’s been a rise in a campaign since 2007, the election John Howard lost.

The Conversation

He's the treasurer who may become the next leader of the Liberal Party. So how high can Josh Frydenberg fly?

`This is the first in a two-part series on the major parties’ Treasury spokespeople. You can read Carol Johnson’s profile of Jim Chalmers here.

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

Worldwide coffee bean shortages and rising fuel prices hit cafes hard, with price spikes here to stay

There's a lot more that goes into your daily caffeine hit than you may imagine and small businesses are bearing the brunt of rising input costs. Now you'll have to fork out the difference.

ABC News

Business calls for political 'courage' to confront industrial relations reform

Business groups are urging both political leaders to show "courage" and confront the politically fraught issue of industrial relations, arguing any benefits of future wage growth could be delayed by an inflexible enterprise bargaining system.

ABC News

Forget the election gaffes: Australia's unemployment rate of 4% is good news – and set to get even better by polling day

When Labor leader Anthony Albanese couldn’t say whether the unemployment rate was 5% or 4% on Monday, he might have had a point.

The Conversation

One issue matters more to top economists than any other this election: climate change

Offered a menu of issues to choose from as the most important in the May 21 election, Australia’s top economists have overwhelmingly zeroed in on one.

The Conversation

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Scott Morrison spruiks Australia’s post-Covid jobs recovery. We factcheck him

PM says Covid had a much greater economic impact than the GFC but employment outcomes have been much better post-pandemic. Correct?

The Guardian - AU

With WA’s budget surplus surging, its GST share is also skyrocketing as the federal election looms

WA's budget surplus is forecast to be an eye-watering $8 billion, yet it will soon receive more than $4 billion in extra GST revenue. While critics label the situation "scandalous", neither party seems willing to upset the apple cart on the eve of a federal election.

ABC News

‘It’s over’: The COVID property boom is ending as prices fall in Sydney and Melbourne

March house price falls will be welcomed by buyers after a two-year boom that's seen property values rise by 18.2 per cent over the past year alone.

The New Daily

‘My coffee has gone up $6,500 a year’: Australian businesses emerging from Covid crisis struggle with food price hikes

Cafes and food producers across country are grappling with the dilemma of whether they can pass on rising costs to customers and remain competitive

The Guardian - AU

The fuel excise debate isn’t going away. Here are the pros and cons of cutting it

Calls for tax relief are growing as petrol prices hit fresh record highs, with the government now under pressure from its own MPs to ease the bowser pain.

The New Daily

How war in Ukraine is affecting your superannuation account

Superannuation has turned down in 2022 because of rising interest rates and the effects of Russia's vicious invasion of Ukraine.

The New Daily

Land tax in Tasmania is about to get slashed. Here's what impact it'll have

Tasmanian government-proposed tax relief is hoped to ease the cost of living for owners of rental properties, shacks, vacant land and commercial property. But an expert says it is unlikely to benefit tenants.

ABC News

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The Guardian - AU

Australian petrol price hikes and market jitters set to continue as Ukraine crisis worsens

Stock markets drop as Russian troops cross border but economists don’t believe domestic economy will be derailed

ABC News

Hobart's higher petrol prices and construction costs reflected in CPI figures

While the consumer price index rose 1.3 per cent nationally, in Hobart the increase was 2.2 per cent, partly driven by higher fuel prices and construction costs.

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