Treasurer lashes out at ‘job snobs’
Jim Chalmers has blasted Coalition criticism over the surging size of the public service and other taxpayer funded sectors, while also rejecting the Reserve Bank’s outlook that the economy is too strong.
Jim Chalmers has blasted Coalition criticism over the surging size of the public service and other taxpayer funded sectors, while also rejecting the Reserve Bank’s outlook that the economy is too strong.
Anthony Albanese’s hopes of a pre-election rate cut risk being crushed as the economy added a bumper 64,100 jobs last month, driven by the soaring growth of taxpayer-funded roles including in the care economy.
Amid a pre-election warning about the growth of the care economy, Angus Taylor vowed to drive productivity growth through lower taxes, spending and regulation.
The Reserve Bank is ‘constantly alert’ for signs that inflation expectations could become untethered, its chief economist Sarah Hunter says.
Labor’s efforts to ease the cost-of-living crunch will extend to the ‘tricky tactics’ used by business to ‘rip off’ consumers on everything from concert tickets to gym memberships.
Voters are shedding some of their pessimism over the economy, but the more upbeat mood seems to have been overwhelmingly driven by growing hopes that the Reserve Bank could soon cut interest rates rather than Labor’s latest tranche of cost-of-living relief.
There are growing expectations Anthony Albanese will send voters to the polls in May, with Labor revealing its intentions to hand down a pre-election budget in late March.
The Treasurer’s decision follows industry concerns that the reforms were too complex, risked stifling investment and could kneecap deal-making activity.
Anthony Albanese has not committed to preferencing the Coalition ahead of the Greens on Labor’s how-to-vote cards at the next federal election, after two of the nation’s peak Jewish groups urged the major parties to do so.
High inflation is ‘harming your family and harming your business’, RBA deputy governor Andrew Hauser has warned.
Original URL: https://www.theaustralian.com.au/author/jack-quail/page/11