Treasurer Jim Chalmers has ramped up his sell of Labor’s revamped tax cuts, releasing fresh analysis showing families are expected to pocket an average tax cut worth more than $3000 next financial year. The intervention comes as Opposition Leader Peter Dutton sharpened his attacks against Labor on Saturday, accusing theContinue Reading
More than 2.6m Aussie workers will receive at least an additional $33.10 a week from July 1, the workplace umpire has ruled. The order, handed down by the Fair Work Commission on Monday, will increase award and minimum wages by 3.75 per cent, with the national minimum wage set toContinue Reading
Almost 14.4 million Australians are expected to be in work by mid-year, more than 105,000 than previously forecast, as the nation’s red-hot jobs market continues to defy a broader economic slowdown. But economists have warned that the firmer-than-expected jobs numbers means Treasurer Jim Chalmers should redouble his focus on reducingContinue Reading
A pivot from the Reserve Bank to scrap an explicit warning about further interest rate rises has the peak union body calling for the cash rate to be cut now. The central bank kept the cash rate on hold for a third straight meeting on Tuesday at 4.35 per cent,Continue Reading
Governments have manufactured a crippling crisis that’s led to unprecedented housing pressures, a rising risk of homelessness, and the rapid death of the Great Australian Dream. And while Anthony Albanese champions multibillion-dollar plans to build more homes and save families from financial disaster, the Prime Minister has avoided mentioning oneContinue Reading
The Reserve Bank’s November rate hike was “overkill”, economists have cautioned, after fresh GDP data revealed a sharp decline in household spending on non-essential items such as cars, clothes and eating out in the final three months of 2023 Economic growth slowed to a crawl in the December quarter, theContinue Reading
Dick Smith has claimed that the “prime reason” for Australia’s high house prices is its “huge population increase” as he reiterated calls to slash immigration to just 75,000 people per year. In a debate on Sky News Australia on Sunday, the entrepreneur and businessman clashed with Emilie Dye, policy analystContinue Reading
Australian workplaces are set to force their employees back to the office in greater numbers this year, despite the recent rise of “hybrid” arrangements that have people frequently working from home. “We have seen a number of organisations recently introduce new measures to drive people into the office,” Jo Masters,Continue Reading
A Big Australia is all but locked in, with the latest population forecast revealing up to 46 million people could call Australia home by 2071. The stark figure, which represents a 77 per cent gain in population in the space of 48 years, is the top end of the AustralianContinue Reading
A leading economist has branded Australian housing a “misery machine” while reiterating calls for cuts to immigration until construction can catch up with demand. Chris Richardson appeared on ABC’s QandA on Monday night where an audience member posed the question of whether migration levels should be linked to the capacityContinue Reading