Cost of living pressures have overtaken the pandemic as Australians’ greatest source of worry, according to a survey released on World Mental Health Day. Mental health charity Beyond Blue surveyed 1500 people and found inflation, rising interest rates, cost of living pressures, along with the war...
Senior ministers are sticking to the script on income tax cuts despite a confusing week of debate about the legislated changes. The Albanese government has been accused of moving to break a central election promise after flying kites over the future of the stage three tax...
Deputy Prime Minister Richard Marles has defended the Albanese government’s position on the stage three tax cuts, saying it hasn’t gone back on its promise. Mr Marles said while the government was openly discussing the pressures placed on the budget by areas of growth including defence...
Electricity blackouts and crippling price spikes won’t be solved by new solar and wind farms alone, the Australian Energy Market Operator (AEMO) warns. AEMO CEO Daniel Westerman has used a business summit to argue for the so-called capacity mechanism that would pay electricity generation companies to...
The treasurer is concerned aggressive interest rate hikes by the US central bank will add to inflationary pressures in Australia. He told reporters the widening gap between interest rates in the US and Australia risked flowing through to higher inflation in our economy. “When there’s a big...
The local share market has finished almost exactly where it began, with gains by the big banks balanced by losses in the mining and energy sectors ahead of the release of further monthly US inflation data. The benchmark S&P/ASX200 index on Wednesday finished up 2.5 points...