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Terry McCrannBusiness commentator

Terry McCrann is a journalist of distinction, a multi-award winning commentator on business and the economy. For decades Terry has led coverage of finance news and the impact of economics on the nation, writing for the Herald Sun and News Corp publications and websites around Australia.

Terry McCrann

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Terry McCrann

CANBERRA, AUSTRALIA - MAY 14: Treasurer of Australia Jim Chalmers arrives at Parliament House on May 14, 2024 in Canberra, Australia. Australia's Labor government is grappling with a slowing economy, weaker commodity prices, soaring housing costs and a softening labor market as it prepares to unveil its federal budget on May 14. To counter these headwinds, the budget is expected to feature smaller revenue upgrades compared to recent years, while outlining the government's interventionist policies aimed at boosting domestic manufacturing and the transition to green energy. Critics warn that such industrial policies risk fueling inflation and diverting resources from more productive sectors of the economy. The budget is seen as a key opportunity for the Labor government to deliver broad economic support that analysts say is fundamental to re-election chances next year. (Photo by Tracey Nearmy/Getty Images)

McCrann: Budget just more crazily out-of-control spending

It’s another depressing return to an all-too familiar Labor Fiscal Future – high-taxes, big spending, budget deficits and rising debt set to exceed $1 trillion.

Terry McCrann

Generic cost of living, bill stress, high prices, budget

Don’t spend Jim’s rate cut just yet

Watch out for all the spin in Tuesday’s federal budget. The future remains uncertain and Jim Chalmers won’t be `delivering it’.

Opinion

CANBERRA, AUSTRALIA - MAY 2: Treasurer Jim Chamlers addresses the media at Parliament House Canberra. Picture: NCA NewsWire / Martin Ollman

McCrann: Dodgy forecasts the only certainty on budget night

The one thing you can say with absolute certainty about every budget is that every forecast in it will be wrong — so take claims about controlling inflation with a pinch of salt.

Terry McCrann

MELBOURNE, AUSTRALIA - NCA NewsWire Photos - 19 APRIL 2024: Australian Prime Minister Anthony Albanese and Victorian Premier Jacinta Allan speak to the media during a press conference after the inauguration of the Paula Fox Melanoma and Cancer Centre. Picture: NCA NewsWire / Diego Fedele

Labor eyes election with Victorian largesse

Federal Labor will be spending it up big in Victoria with an eye to the next election.

Terry McCrann

MELBOURNE AUSTRALIA - NewsWire Photos OCTOBER 4, 2023: Victorian Treasurer Tim Pallas speaks to the media prior to the start of Question time outside Parliament in Melbourne,Picture: NCA NewsWire / Luis Enrique Ascui

Victoria’s disaster points to Australia’s

The Victorian state budget is an instructive – and ominous – pointer to the bigger one out of Canberra next week.

Victoria

McCrann: Victoria’s worst fiscal days remain ahead

When it finally arrived, Tim Pallas’s 10th budget was nowhere near as horrific as feared — but the disastrous debt spiral will continue.

Business

SYDNEY, AUSTRALIA - NewsWire Photos MAY 7, 2024: RBA governor Michele Bullock addresses the media on Tuesday after the RBA board decision the leave the interest rates on hold. Picture: NCA NewsWire / Nikki Short

Jobs, inflation key to next rate move

Michele Bullock is keeping her cards close to her chest ahead of key inflation data which will decide the RBA’s next move.

Terry McCrann

Grounded Bonza planes at Sunshine Coast airport on Tuesday morning. Picture Lachie Millard

Bonza reality check: Qantas-ACCC stoush ancient history

Bonza’s failure was a reality check for Qantas and it’s time to move on from its stoush with the ACCC.

Terry McCrann

WASHINGTON, DC - MAY 01: Federal Reserve Bank Chair Jerome Powell announces that interest rates will remain unchanged during a news conference at the bank's William McChesney Martin building on May 01, 2024 in Washington, DC. Following the regular two-day Federal Open Markets Committee meeting, Powell said the U.S. economy continues to show momentum and inflation has remained high in recent months, informing the Fed's decision to keep their current 5.33 percent rate setting. Chip Somodevilla/Getty Images/AFP (Photo by CHIP SOMODEVILLA / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)

Powell’s re-pivot a lesson for central bankers

Jerome Powell has shown why central bankers should get out of the business of interest rate forecasting, and focus more on ‘doing’ and less on ‘saying’.

Business

SYDNEY, AUSTRALIA - NewsWire Photos MAY 01 2024. Federal treasurer Jim Chalmers at the Lowy Institute. Picture: NCA NewsWire / Max Mason-Hubers

Be afraid, be very afraid

Jim Chalmers’ speech on Wednesday revealed the sort of insane dystopian future that will be built if the treasurer and his colleagues aren’t stopped.

Original URL: https://www.heraldsun.com.au/journalists/terry-mccrann/page/5