Economy
The RBA ruling out interest rate cuts demonstrates that they continue to prioritise controlling inflation over unemployment
Markets are predicting two interest rate rises in 2026 but the Australia Institute’s chief economist has urged cash-strapped mortgage holders not to panic just yet.
Factcheck: Do the tax claims of the mining lobby stack up?
Australia’s main mining lobby group, the Minerals Council of Australia, has been running ads that say the mining industry paid $59 billion in tax in 2023-24, and that this is more tax paid than every other industry combined
MYEFO reveals continued failure of petroleum resource rent tax, gas giants still big winners
The release of the mid-year fiscal and economic outlook (MYEFO) has revealed the cost of the changes to the superannuation tax concessions made by the government and the continued failure of the Petroleum Resources Rent Tax (PRRT) to deliver fair benefits to Australians
The rich get tax advice; the poor get lectures: super tax saga lays bare a skewed system
A new report on the amount of revenue expected to be raised by the changes to superannuation tax on balances over $3m highlights yet again how the tax system is weighted in favour of the rich and that the government never gets thanks for doing what conservative forces demand.
Unemployment holds at 4.3%, but weak labour market tells a different story
Unemployment in November remained steady at 4.3% according to the latest figures out today from the Bureau of Statistics.
Fixing the housing crisis isn’t complicated, governments just don’t want to do it
The easiest way to boost the supply of housing in Australia would be for governments to build new houses. And the easiest way to provide affordable rental accommodation would be to rent the new government-built houses to people at affordable rents. Fixing a housing crisis is not complicated.
‘Economic power is political power’: Grace Blakeley calls for Australians to fight back
Author of Vulture Capitalism, Grace Blakeley, has told Australian consumers they need to stand up to the huge companies which dominate their way of life.
RBA holds rates as markets overreact to a blip, not an ongoing trend
In a decision that surprised no one, the RBA board left rates on hold in their last meeting of the year. The market’s expectations about what might happen to interest rates next year have been swinging around wildly in recent months. It has shifted from thinking there will be several cuts to now predicting increases.
Liberals twist RBA remarks to sell a false narrative on public spending
This week the Liberal Party shamefully misquoted the head of the Reserve Bank in a weak attempt to justify their criticism of government spending.
