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The Latest Breaking News from Jim Chalmers

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Rates revelation: why RBA dissenter voted against hike

The lone Reserve Bank board member who voted against lifting the cash rate in May was less concerned about inflation expectations than the bank's economists.

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Mixed results from first post-budget auction weekend

The treasurer and prime minister are doing a sales job on government attempts to boost housing supply as property investors chew budget changes to tax breaks.

AAP

Afternoon Update: Chalmers blames ‘scare campaign’ for budget backlash; neo-Nazis challenge hate ban; and visually impaired bowlers

The treasurer has conceded Labor has taken a ‘political hit’ after the latest Newspoll found a negative response to last Tuesday’s budget

The Guardian - AU

Chinese interference claims spark forced miner sell-off

Six companies have been forced to sell their holdings in an Australian rare earths miner which has been the subject of boardroom tussles.

AAP

One Nation gains in polls as budget is poorly received in Newspoll

In three credible post-budget polls, One Nation is up one to three points, with their victory at the May 9 Farrer byelection probably also contributing. Labor took a hit in Freshwater and Resolve, but not Newspoll.

The Conversation

Australia has had ‘game-changer’ budgets before. How does Chalmers’ stack up?

Of the many budgets delivered since the Second World War, four stand out as having ushered in or consolidated significant economic reform.

The Conversation

Labor defends budget tax changes despite critical polls

Labor insists it's taking the right approach to tax reform despite a majority of Australians saying the latest budget will leave them worse off.

AAP

Budget brawl escalates over rival tax cut proposals

The government has conceded its budget is unlikely to win immediate support from voters as Labor and Liberals taking aim at each others' policies.

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The Guardian - AU

Jim Chalmers wants to make Australia more fair – but is it enough to stave off the threat from One Nation?

Labor’s bid to tackle intergenerational equity and woo disenfranchised voters won’t land unless it’s the start of long-term action

AAP

How housing became a generational budget battleground

Pitting investors against first home buyers in the name of intergenerational equity, Labor's fifth budget aims to address young people's housing struggles.

The Guardian - AU

Getting down in the mud with Pauline Hanson won’t help Angus Taylor – but principled policy could

The Coalition should seek differentiation from One Nation with policies like the indexation proposal rather than the crass convenience of grievance politics

The Guardian - AU

Afternoon Update: Hanson bills taxpayers $16k for flood flights; Taylor’s ‘race to the bottom’; and Delta Goodrem’s ‘ripper’ performance

One Nation leader previously claimed the trip aboard Gina Rinehart’s plane was at ‘no cost to the taxpayer’

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'Where the bloody hell are ya?': NZ's budget sledge

New Zealand is campaigning for Australian talent off the back of major tax reforms in the budget, with the Kiwi government also whacking the broken promise.

The Guardian - AU

Labor’s budget will benefit the young – but does little to woo voters drawn to One Nation

Jim Chalmers’ budget tips the scales in favour of younger and less well-off households – but it’s middle-class gen X that are turning to the rightwing party

The Conversation

Grattan on Friday: Taylor’s bold budget reply is a mix of sound and dubious policy commitments

Angus Taylor might have reckoned he and the opposition are in such deep doo-doo that he might as well throw everything at Thursday night’s budget reply.

The Conversation

Politics with Michelle Grattan: Jim Chalmers says ‘we’re in the cart’ for more tax relief

Treasurer Jim Chalmers has declared “no other budget in the 2000s has set out this much responsible budget repair and this much economic reform.”

The Guardian - AU

Why budget rhetoric won’t match reality for many younger Australians

Figures show the treasurer’s reforms will make the tax system fairer but some will not have the advantages enjoyed by their parents

The Economic Times

Australia expects nearly one million migrants over the next four years

Australia anticipates nearly one million new migrants by July 2029. This projection fuels political debate over housing shortages and immigration numbers. Government figures show migration is expected to remain high. Opposition parties are pushing for stricter controls. The issue is a major concern for the public ahead of elections.

AAP

Up in smoke: budget loses $8b more to illicit tobacco

Treasurer Jim Chalmers has continued to resist calls to lower the tobacco excise despite the cigarette black market causing another downgrade in budget revenue.

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