Taxpayers funding new jobs creation
Nearly three in four jobs created in the six months to February have been in government-dominated industries such as health care, education and public administration.
Patrick Commins
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Inflation the ‘killer’ for family budgets
A former top Reserve Bank official says Jim Chalmers is wrong to blame higher interest rates for the collapse in economic growth.
RBA ‘won’t hesitate’ to lift rates
Economic growth has slumped to its slowest rate in more than three decades outside the pandemic, as RBA governor Michele Bullock warned the bank ‘won’t hesitate’ to increase rates.
We’re ‘heartbeat from recession’
Australia’s sharp economic slowdown over the past six months has put the nation ‘a heartbeat away from a recession’.
Company tax cut ‘will shift pain to others’
Treasury secretary Steven Kennedy has warned that cutting the company tax rate risks pushing the country into an ‘unsustainable fiscal position’ if it isn’t offset by higher taxes elsewhere.
Middle Australia bears brunt of cost crunch
The huge rise in cost of living has been most intense among middle-income and middle-aged households, as wage earners paying mortgages are pummelled by interest rates and inflation.
Labor’s $1bn solar panels policy has ‘risks’
Treasury secretary Steven Kennedy has failed to back the Albanese government’s $1bn commitment to creating a local solar panel manufacturing industry.
Inflation hike adds to budget concerns
A surprise lift in inflation to 3.6 per cent in April has hit hopes the RBA will be able to deliver a rate cut later this year and amplified fears that extra budget spending will make it harder to control prices.
Chalmers taxed as Husic goes rogue
Jim Chalmers has sidestepped calls from Ed Husic to pursue more competitive company tax and investment allowance settings, sparking claims the Treasurer’s authority is being undermined.
Rates pressure, costs keep lid on retail sales
Another poor month for retailers confirms sales have flatlined in 2024 as household budgets buckle under intense cost of living pressures and high interest rates.
Original URL: https://www.theaustralian.com.au/author/patrick-commins/page/4