This Month
Bullock says inflation is not Chalmers’ fault. Voters disagree
Reserve Bank boss Michele Bullock has softened the bank’s previous warning that government spending is contributing to inflation, in a shift that will help shore up relations with treasurer Jim Chalmers.
- Updated
- John Kehoe
- Opinion
- Canberra Observed
Treasurer might have created a monster with RBA reforms
Allowing the straight-talking Michele Bullock a press conference after every rates meeting has diluted the government’s power to control the economic message.
- Phillip Coorey
Why PwC can’t move on from the tax leaks scandal
This week on The Fin podcast, Edmund Tadros on the rise of a sales-driven culture at PwC, and why the firm bungled its response to the tax leaks scandal.
Independents team up to oppose tax rise on superannuation
Treasurer Jim Chalmers is struggling to win political support for the biggest revenue-raising measure in his budget.
- John Kehoe
CBA breaks from the pack; ASIC sues ASX Ltd; AGL profits surge
Read everything that’s happened in the news so far today.
Real wages fall to near 14-year low, bucking Chalmers’ pay claims
Consumer prices increased by 2 per cent over the six months to June on a seasonally adjusted basis, while wages grew by just 1.7 per cent.
- Michael Read
- Opinion
- Australian economy
Can our prosperity survive a year of political madness?
Public policy is now swinging in the populist wind. And it’s hard to imagine the election of a government that can rationally take back control of it all.
- Michael Stutchbury
‘Nerds gone wild’: Inside PwC’s last party before it all blew up
It is the days-long party now described as the last hurrah before the storm of the tax leaks. Within six months, the scandal would change the firm forever.
- Edmund Tadros
- Opinion
- Australian economy
RBA returns serve on inflation
The RBA’s take down of government spending is reverberating loudly in Canberra and can only undermine Labor’s key argument that its fiscal policy complements monetary policy.
- Jennifer Hewett
Rising costs hit Mirvac margins, new homes
Property developer Mirvac blamed the steep rise in labour and material costs for halving its profit margins on some residential projects, triggering a 13 per cent fall in operating earnings this year.
- Michael Read and Nick Lenaghan
Labor’s $3.6b pre-election pay boost for childcare workers
The government will fund a 15 per cent, $3.6 billion pay rise for child care workers over the next two years on the proviso their employers agree to limit fee increases until after the election.
- Phillip Coorey
- Updated
- Interest rates
Chalmers’ rebates not helping inflation, RBA warns
Federal and state government energy bill subsidies will not help get inflation under control, and big-spending public sector budgets are making it worse, the bank says.
- Updated
- Michael Read
- Opinion
- Australian economy
Future Made in Australia is already running off the rails
The Albanese government has fallen into the trap of trying to achieve political wins at high economic cost. And nobody is stopping them.
- John Kehoe
Chalmers disputes RBA; Rex sale looms; Why Harris chose Walz
Read everything that’s happened in the news so far today.
Rex bailout likely but not necessary, administrator says
Administrators say Rex could remain sustainable without a bailout; Australians warned not to travel to Bangladesh amid ‘civil unrest’; How the Games day 11 unfolded. Follow live updates.
- Updated
- Natasha Rudra and Lucy Slade
- Opinion
- RBA
RBA warns rate cuts are a no-go this year
Why interest rates won’t come down this year after all. They might even go up.
- Jennifer Hewett
- Exclusive
- Productivity Commission
Chalmers makes Productivity Commission less productive
The government’s independent economic adviser has only one active inquiry, which former officials say is extremely low by historical standards.
- John Kehoe
- Exclusive
- Mergers & acquisitions
CBA tapped to bank Nauru and block Beijing in Pacific
When Bendigo & Adelaide Bank announced it would stop servicing the island to “reduce complexity”, the federal government took notice and turned to CBA.
- Lucas Baird
- Opinion
- Federal budget
Election timing no longer swings on an elusive rate cut
The government is at the mercy of the Reserve Bank. But the central bank is also subject to forces beyond its control.
- Laura Tingle
- Opinion
- Canberra Observed
Like Howard, Albanese knows two heirs apparent are better than one
Labor’s leadership succession plan seems less obvious than it did six months ago.
- Phillip Coorey
