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The Latest Breaking News from Jim Chalmers

CFMEU members storm the offices of Queensland Council of Unions – as it happened

This blog is now closed

The Guardian - AU

Afternoon Update: big banks pass rate cut on; robodebt investigation launched; and try a year 10 civics test

RBA cuts cash rate to 4.1%, which treasurer describes as the relief millions of Australians ‘need and deserve’

The Guardian - AU

View from The Hill: government nabs Coalition policy on foreigners buying houses, Dutton eyes action on insurance companies

With the unembarrassed audacity parties show as an election nears, the government has stolen the opposition’s policy to ban foreign investors buying established homes.

The Conversation

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Jim Chalmers wants to fix Australia’s broken road tax system. Here’s what one solution might look like

Australia’s road tax system has a problem. Revenue from the fuel excise – the primary way we tax motoring – has been declining steadily as a proportion of government revenue over the past two decades.

The Conversation

'No-brainer' home ownership boost for HECS debt Aussies

Australians saddled with student debt who want to enter the housing market will be given a helping hand, under changes to lending requirements.

AAP

Trump tariffs could boost case for rate cut: economists

US tariffs on Australian steel and aluminium would have minimal direct impacts, but weakened Chinese demand for goods like iron ore could hit economic growth.

AAP

Dutton weighs in on RBA amid banana price rise warning

Floods in Australia's north are expected to cut economic output and nudge up banana and sugar prices, as the opposition weighs in on a forecast rate cut.

AAP

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Bank moratorium 'too late' for rural towns left behind

The federal government has announced a moratorium on regional bank closures, but it's cold comfort for those who have already lost their local branches.

AAP

Albanese to speak with Trump as US president announces 25% tariff on steel imports

Ministers were seeking return of Turnbull-era exemptions ahead of US president’s announcement of new duties on steel and aluminium

The Guardian - AU

Treasurer courts business with productivity promises

Helping businesses leverage clean energy and AI will transform Australia to its "fourth economy" and improve productivity growth, Treasurer Jim Chalmers says.

AAP

View from The Hill: Election battle turns to spending, with BCA calling for cap and Labor hitting Dutton’s planned cuts

As the political debate turns to government spending, the questions loom: is it too high, and will Peter Dutton be able to get away with keeping his proposed cuts mostly under wraps?

The Conversation

Confusion over Liberal plan to cut public service

The opposition leader has vowed to slash the number of public sector workers but his frontbenchers have been more reserved, instead focusing on efficiency.

AAP

Inflation data isn’t all sunshine and rainbows for Labor – as Biden and Democrats will attest

While a pre-election rate cut is widely seen as positive for incumbent governments, it doesn’t necessarily represent a path to victory in itself

The Guardian - AU

View from The Hill: Chalmers claims ‘sustained progress’ against inflation, as government crosses its fingers for rate cut

After Wednesday’s encouraging inflation numbers, the Albanese government – and the financial markets – would be shocked if the Reserve Bank doesn’t cut interest rates in February.

The Conversation

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AAP

Belief firms in rate relief as inflation takes breather

Markets and economists widely tip a February interest rate cut after underlying inflation came in below expectations for the December quarter.

The Guardian - AU

‘We’ve been dumbed-down’: Australian farmers want the right to repair their own tractors again

Right to repair laws could boost agricultural productivity by $97m by removing costly and time-consuming trips to fix machinery issues, lobbyists say

AAP

Tax cuts not enough to sway voter economic worries

The treasurer has brushed off polling showing voters are pessimistic about their finances despite cost-of-living relief measures.

AAP

Tax changes ruled out as treasurer launches food fight

Cost of living remains a major focus of the upcoming federal election, with each party spruiking policies to address pressure on household budgets.

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AAP

Australia warned to get productive or be left behind

Fault lines are widening between economic performance of nations and a global body warns Australia risks being left behind if it fails to improve productivity.

AAP

Why the RBA should rethink key inflation assumption

The strength of Australia's labour market has kept the Reserve Bank from cutting interest rates but growing evidence suggests it's not as crucial as thought.

International Business Times

Australia Frets Over Meta Halt To US Fact-checking

Australia is deeply concerned by Meta's decision to scrap US fact-check operations on its Facebook and Instagram platforms, a senior government minister said Thursday.

AAP

'Alarming' move by Meta raises misinformation fears

Meta's decision to end its third-party fact checks could put Australian democracy at risk amid an explosion of misinformation and disinformation, leaders warn.

AAP

Cost of living in mind as Labor clutches purse strings

Voters are crying out for more measures to combat the rising cost of living with a federal election looming as Labor preaches responsible economic management.

AAP

Early rate-cut hopes alive as core inflation eases

Hopes of a February interest rate cut have been rekindled as core inflation subsides, though the strong jobs market might prove a roadblock.

AAP

Coalition insists nuclear plan won't blow up economy

The federal opposition has slammed government analysis that suggests its nuclear energy calculations are based on a shrinking economy in five states.

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