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Yesterday

There are many tax incentives for residential property investment, but not so much for business investment in innovative enterprises.

Shift tax incentives from property to enterprises to lift productivity

Readers’ letters on how to encourage business investment; excess government; digital currency and the RBA; Senate solutions; ALP woes; duck hunting; and energy inequality.

Michele Bullock has limited room to move on rate cuts.

Jobs data and big-spending governments mean RBA can’t follow Fed

The labour market is softening only at a glacial pace, thanks in no small part to strong public sector jobs growth. That leaves the RBA in a bind. 

  • James Thomson
Prime Minister Anthony Albanese arrives at the Business Council of Australia Annual Dinner at the Hyatt Regency with BCA president Geoff Culbert and CEO Bran Black.

CEOs who spend less time trying to be liked are heard more often

When company bosses spent less time trying to be liked, they got listened to more often.

  • John Roskam
Unemployment stayed at 4.2%.

RBA to keep interest rates high after employment jumps 47,000

Economists said the solid jobs numbers meant Australia would not be in a rush to reduce borrowing costs despite a jumbo cut in the US overnight.

  • Updated
  • Michael Read
Jerome Powell.

‘Slam dunk’: Fed cuts rates by half of a percentage point

The US Federal Reserve chose a larger interest rate reduction to kick off what is expected to be a steady easing of monetary policy.

  • Updated
  • Matthew Cranston
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Home Affairs Minister Tony Burke.

Cybersecurity for the C-suite, not just the IT crowd

At Tuesday’s Australian Financial Review Cyber Summit, the corporate regulator warned boards and managers against “cyberwashing”.

  • The AFR View
Gas companies should supply the local market.

Daniel’s glaring emissions omission

Readers’ letters on the energy transition; university research; the pace of reform; and the performance of Olympic rowers

Reform has taken a back seat in recent decades.

Labor needs to listen to its reform legends again

The frequent references to reform heroes just underscore the message at the BCA dinner that government and business need each other.

  • The AFR View
The major driver of Australia’s rental shortage is not a surge in foreign students, but a sharp rise in households with spare rooms and home offices, experts say.

Blame WFH – not foreign students – for the housing shortage

The major driver of Australia’s rental shortage is not a surge in foreign students, but a sharp rise in households with spare rooms and home offices, experts say.

  • Michael Read
Productivity might not grab headlines quite like the theatrics of Question Time, but it is the number we can’t afford to ignore any longer.

Why dwindling productivity is a big deal for superannuation

Despite having one of the largest pension schemes in the world, the start-ups that can drive productivity aren’t getting the financial support they need.

  • Allegra Spender
Donald Trump and Kamala Harris during the debate. Tariffs are on the agenda of both candidates.

What Trump or Harris would mean for global markets and Australia

Tariffs are unlikely to have a direct impact on Australian trade, but changes to US trade policy may have a larger effect on our ambition to diversify our export base.

  • Susan Stone
The rise in insolvencies is largely the economy getting back to normal after what was a very abnormal situation during the pandemic.

The ‘insolvency armageddon’ is all hype

Concern about the record number of company failures is not only overblown, but the surge in businesses going bust is probably a good thing.

  • Michael Read
Australia’s productivity has not recovered from the pandemic era.

Fix low productivity or get used to high inflation for longer

The economy is in an unusual bind. The only way out is to reverse Australia’s dismal productivity performance.

  • Paul Bloxham

Why shouldn’t Australia capitalise on its abundance of uranium?

Readers’ letters on the role of nuclear energy; horses at risk in violent protests; and new anti-money laundering and counter-terrorism financing laws that threaten to drive out accountants.

Chalmers’ RBA dilemma: how much Greens is too much for investors?

Former central bankers say foreign investors who buy Australian government bonds, equities and currency will pay attention to the political standoff over the RBA board.

  • John Kehoe
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Surprise government spending blowout hits $70b

Treasury may have underestimated a state and federal government budget spending splurge by $70 billion, which a string of economists warn will add to inflation.

  • Updated
  • Michael Read
Aged Care Minister Annika Wells and Prime Minister Anthony Albanese announce the long-awaited aged care deal this week.

A reform to face the test of an ageing Australia

It is encouraging that the two main parties have tackled such a fundamental challenge to the nation in a bipartisan way.

  • The AFR View
The Chanticleer podcast features James Thomson and Anthony Macdonald.

Housing’s vicious cycle | US debate’s investor clues | Lithium rollercoaster

This week on the Chanticleer podcast, James and Anthony examine why housing is eating the economy, decipher what the presidential debate really means for investors, and explain why it’s a fascinating time for the lithium sector.

  • Updated
  • Anthony Macdonald and James Thomson
Reserve Bank governor Michele Bullock is stubborn in a good way.

Chalmers dumps his fiscal profligacy onto the RBA

The government has its foot on the spending pedal while the Reserve Bank tries standing on the brakes. There is no sign of the co-ordination that has been called for.

  • Michael Stutchbury

Hard truth behind soft inflation target

Readers’ letters on the timing of inflation targeting; the appeal of the teals; the energy transition; and Donald Trump’s focus on cats

Original URL: https://www.afr.com/news/policy/budget