Skyrocketing supermarket prices and surging airfares have been examined in a union-backed inquiry into allegations of price-gouging by business. The nation’s peak union body, the Australian Council of Trade Unions, is currently conducting the probe which is led by former competition tsar professor Allan Fels. Fels was the inaugural chairContinue Reading

A fresh offensive against big business has been launched by the Australian Council of Trade Unions after it established an inquiry to expose price gouging behaviour by corporations. Taking submissions from consumers, small business, academics and think tanks, the inquiry will be led by former competition tsar professor Allan FelsContinue Reading

Treasurer Jim Chalmers has dismissed his budget critics following a warning about the “hefty price” the world is paying for Russia’s war on Ukraine. The Organisation for Economic Co-operation and Development report, released on Tuesday evening, painted a grim picture of slowing growth, high and persistent inflation, and falling realContinue Reading