Inflation and interest rates will be higher for longer under a likely election of Donald Trump as US president, with Treasury warning Australia’s economic growth may be stunted under his plans to tax imports.
Reserve Bank governor Michele Bullock has warned Jim Chalmers she expects him to be ‘very conscious’ of the inflationary impact of any pre-election policies.
Anthony Albanese is being warned by experts ‘blatant vote-buying’ in the form of wiping HECS debts and pre-election giveaways will delay interest rate cuts.
The financial incentives for workers to live in cities have all but evaporated, a new report has found, with the declining benefits of metropolitan living likely driving a worker exodus to regional Australia.
A surge in ‘off-budget’ spending is hiding the depth of Australia’s deficits, economists say, as the impact of Labor’s $16bn plan to slash student debts will be concealed from the budget’s bottom line.
Economist Chris Richardson says the $16bn price-tag for Anthony Albanese’s plan is ‘a reverse Robin Hood’ that transfers money from the less well off to the better off and ‘does nothing for the nation’s future’.
People who attended a major ALP fundraiser at Melbourne’s Ritz-Carlton Hotel have described the PM’s keynote speech as disappointing, hours after a meeting at which he ‘acted like a sook’ over reporting on his Qantas upgrades.
The central bank’s strategy to protect robust post-pandemic employment growth has put it at the back of the pack in the global battle to reduce price pressures.
The slashing of student debts will be unveiled at a Labor rally in Adelaide, in what will be the first of a series of speeches made by Anthony Albanese laying out his second term agenda.
Health Minister Mark Butler has offered a strident defence of Anthony Albanese, speaking out against an unnamed ministerial colleague that accused the PM of having a ‘massive sook-up’ over media coverage of his Qantas flights upgrade controversy.
Original URL: https://www.theaustralian.com.au/author/jack-quail/page/9