Dutton about-face on migration pledge
Dumping plans to cut the net overseas migration intake to 160,000, the Opposition Leader said the Coalition would instead unveil the key element of its pitch to voters after the election.
Economics
Financial stress on rise as high costs continue
An onslaught of higher housing payments coupled with more expensive essentials is driving more Australians to find ways to pay down debt and make their money go further.
Anger over chaotic overhaul of Austrade export grant scheme
A revamp of a federal grant scheme for Australian exporters faces the threat of legal action over claims the new system represents a breach of ‘procedural fairness’.
Chalmers’ big chance to build firepower into RBA
As the Reserve Bank of Australia prepares to move forward under a new dual-board structure from early next year, there’s far more at stake than meets the eye.
EDO’s foreign funders undermine Australia’s economy
The Environmental Defenders Office is using foreign funding to harm Australia’s economy, undermine Indigenous communities, and pursue controversial green agendas.
How retail surge, ‘Wong factor’ complicate RBA rate decision
The recent boom in retail sales will complicate the RBA’s rate decision on Tuesday and longer-term, Foreign Minister Penny Wong’s reckless UN stance could also have an impact.
Public sector jobs still booming
The booming growth in government-aligned jobs continued in the September quarter, underpinning the nation’s bumper employment gains but dragging on productivity growth.
Victoria’s plan to stop Tassie green power push
The days could be numbered for the little-known regulatory quirk that has given a boost to Victorian power customers at Tasmania’s expense.
No rate cut expected but will RBA soften its tone?
The Reserve Bank is widely expected to keep interest rates on hold after next week’s board meeting, but should acknowledge that the Australian economy is weaker than expected.
Pain point: The #1 concern for small business
The focus of small business concerns is shifting ahead of a make or break Christmas trading period.
Rate cuts to fire starter’s gun on 2025 retail rebound
Deloitte says recent strong retail trade and improving sconsumer sentiment should unleash a substantial rise in household spending in the new year.
Wesfarmers’ plan to take Anko to the world stage
A generational shift is well under way at Rob Scott’s retailing conglomerate, Wesfarmers, and this opens opportunities for the breakout Anko brand.
Let’s put all tax reform ideas on the table, says teal MP
Increases to the GST, taxes on super and the abolition of negative gearing should be up for discussion, independent MP Allegra Spender says.
No cash splash in MYEFO: Chalmers
Some experts say additional government expenditure would not be sustainable and threatens to keep interest rates higher for longer.
State, federal budgets adding to inflation: OECD
Jim Chalmers and the states should tighten their fiscal purse strings, the Paris-based OECD has said, after concluding that the nation’s budgets were ‘moderately expansionary’.
Crypto cautious on ‘far-reaching’ regulation implications
ASIC’s proposal to require crypto companies to apply for a financial services licence or face a please-explain has seen crypto leaders strike a wary tone.
‘Economy is sad without much hope’
Australia’s longest per capita recession has deepened with a crash in growth delivering what has been labelled a ‘sad economy without much hope’, reliant on record government spending to avoid heading in reverse.
Public spending hits new high
Government spending has hit its highest level ever on the back of living-cost relief, rapid expansion of the care sector and public servants’ wage hikes.
Ex-trade minister backs hydrogen but warns of too much too soon
In joining venture builder United H2’s board, Andrew Robb says there are risks to hydrogen’s energy potential by forcing a rapid implementation of green infrastructure before the market is ready.
Hidden pain in Jim’s numbers grows
When governments throw money around during an inflation crisis, there are going to be as many losers as winners. Those losers will continue to be borrowers.
Original URL: https://www.theaustralian.com.au/business/economics/page/11