Treasury’s ‘disgraceful’ Stage 3 tax cuts role
Treasury was hopeless during the covid pandemic and its role in the so-called Stage 3 tax cuts redesign has been `utterly disgraceful’.
Terry McCrann
PM the new bracket creep
Take a bow PM and Treasurer – ripping the heart out of Stage 3 tax cuts is the most clear-cut and outrageous of your growing list of broken election promises.
Future Fund’s $150bn success
The $212bn Future Fund is Australia’s greatest national financial asset and it must be protected at all costs.
Looming RBA meeting a test of ‘Chalmers Rules’
The looming meetings of the RBA and the Federal Reserve plus the latest inflation figures will set the foundations for the year ahead and also test Treasurer Jim Chalmers.
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Victoria’s fiscal disaster to cost every Australian
Victorian premier Daniel Andrews has gone cap-in-hand to Canberra seeking a bailout as the problems of 6.5m Victorians becomes pain shared by all Australians.
Victoria’s fiscal disaster to cost every Australian
Victorian premier Daniel Andrews has gone cap-in-hand to Canberra seeking a bailout as the problems of 6.5m Victorians becomes pain shared by all Australians.
Time will tell if NZ’s aggressive rate hikes work best
Australians and New Zealanders are being asked to swallow different doses of medicine when it comes to interest rates and only time will tell which is the most effective.
Get over it! Borrowers have nothing to bleat about
Don’t waste tears on someone facing a leap interest payments from $30,000 to $50,000 a year when they’ve seen the value of their property go from $1.5m to $2.5m.
Wages key to next rate move
Do not assume that this is the end of the rate hikes – what Philip Lowe and his RBA board do next will depend on wages growth.
Rate pauses won’t deliver investor clarity
Forecasters are jostling to predict when the US Fed Reserve and our Reserve Bank will start cutting interest rates but that outlook is very premature. Here’s why.
New safeguard mechanism is our national suicide note
The so-called ‘Safeguard Mechanism’ is aimed at ensuring we will never get another new mine or gas-field even just to keep our lights on and our heaters and air-cons working.
Uh Oh! Is the wages dam about to burst?
We could be heading into a wages-prices spiral that will lock in higher interest rates for longer, writes Terry McCrann
Lunacy on steroids: Why we can’t have net zero plus big Australia
The Albanese-Bowen-Bandt government is living in a fantasy world if it thinks it can get to net zero by 2050 and double the population to 50m, writes Terry McCrann.
Why Minns win could keep rates higher for longer
The voters of NSW might just have voted for interest rates to stay higher for longer for all Australians, writes Terry McCrann.
Original URL: https://www.themercury.com.au/business/terry-mccrann/page/24