All Australian households will receive cost of living relief in Tuesday’s federal budget, as Treasurer Jim Chalmers promises to strengthen the economy with the bold Future Made in Australia plan. In his own personal Oprah moment, the treasurer has delivered a tax cut for every Australian, a boost in welfareContinue Reading
Australians have been warned the inflation crisis is set to linger longer than expected as the Treasurer ramps up his rhetoric ahead of the upcoming budget. Jim Chalmers, who will hand down his second budget on May 9, is in Washington for high level talks with his G20 counterparts whichContinue Reading
More than 10 million middle-income Australians will cop one of the largest tax increases in Australian history after the May federal budget. The record breaking tax hike comes as households are grappling with high interest rates and skyrocketing costs of living. Treasurer Jim Chalmers is planning to scrap the lowContinue Reading
Australians have been warned a dire new international forecast showing the world faces the worst five years for economic growth in more than three decades may play into the upcoming federal budget. Treasurer Jim Chalmers said on Friday the government would continue to “take account” of international developments as itContinue Reading
Reserve Bank governor Philip Lowe has warned not enough homes are being built to keep pace with population growth, driving up rental prices and exacerbating the cost of living crisis. The rapid increase in the cost of renting a property and higher energy costs were flagged as a key concernContinue Reading