ACT Economy Resilient Despite Budget Crunch in Major Address
ACT Chief Minister Andrew Barr praises territory's economy as resilient despite recent critical budget review by economist Saul Eslake.
Category : Economy
Labor Passes Biggest Tax Reforms in 25 Years: Bennett
The Albanese government has passed the most significant tax reforms in 25 years, according to Ebony Bennett, with changes affecting income tax, superannuation, and multinational tax.
Burnham Funding Gap UK Finances PM-in-Waiting
Andy Burnham warns of a £20bn funding gap in UK public finances, positioning himself as a potential PM with a plan to boost investment and economic growth.
Australia's median wealth falls 7% since 2020: UBS report
UBS report reveals Australia's median wealth dropped nearly 7% since 2020, while average wealth rose 19%, highlighting growing inequality with over 25,000 new millionaires added last year.
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WA Treasurer Vows No Compromise on GST Deal Ahead of Review
WA Treasurer Rita Saffioti rules out compromise on GST deal, launches $1M campaign to protect 75-cent floor ahead of Productivity Commission review.
1 July 2026 Changes: Minimum Wage Rise, Payday Super, Tax Cuts
About 2.8 million Australians on award and minimum wages will get a 4.75% pay rise from 1 July 2026. Other changes include payday super, expanded parental leave, tax cuts, and anti-price-gouging measures.
Expert Warns Labor's Property Tax Reforms Could Spark Rental Crisis
Labor's property tax reforms may help first-home buyers but risk reducing rental supply, warns real estate industry.
1 July 2026: Wage, Super, Parental Leave Changes
From 1 July 2026, Australia’s minimum wage rises to $24.10/hour, superannuation increases to 12%, and paid parental leave expands to 26 weeks, impacting millions.
Major financial changes from July 1: tax cuts, wages, super
From July 1, millions of Australians will see tax cuts, minimum wage rise to $26.44/hr, $1000 instant deduction, Payday Super, and more. Here's the full impact.
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Sydney Drivers Rush for Cheapest Fuel in Five Years
Sydney drivers are filling up as unleaded averages $1.52 a litre, the lowest in five years, before a 16-cent excise increase on Wednesday.
Ed Miliband Chancellor: Winning Back UK Bond Markets
Ed Miliband's chancellorship aims to restore UK bond market confidence through fiscal discipline and green investment, a bold strategy to stabilize the economy.
1 July 2026: Wage, super, parental leave changes begin
From 1 July 2026, Australia's minimum wage rises to $24.10/hour, super guarantee increases to 12.5%, and paid parental leave expands to 26 weeks.
RBA Holds Rates at 4.35% on Melbourne Cup Day, Warns of Possible Further Hikes
RBA holds cash rate at 4.35% on Melbourne Cup Day, warns further hikes possible due to persistent inflation.
ACT Government Plans to Boost Economy Through Hybrid Work Productivity
ACT government plans to leverage hybrid work productivity gains in new economic growth framework CBR2030, aiming for 300,000 jobs by 2030.
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Australia Missed Chance for Sovereign Wealth Fund, Lessons from Norway
Australia squandered mining boom revenues, missing a chance for a sovereign wealth fund like Norway's. Lessons include the need for a super-profits tax.
Fatal Crash at 'Frightening' Highway Junction Sparks Speed Limit Fury
A 29-year-old man died in a crash on Bussell Highway, reigniting calls to reduce the speed limit from 110kph to 80kph.
July 1: Tax Cuts, Super, Minimum Wage, Parental Leave Changes
From July 1, Australian workers get tax cuts, super paid on payday, minimum wage rise, parental leave boost, and new anti-scam SMS rules. Businesses face payday super, instant asset write-off, and anti-money laundering obligations.
Alan Greenspan: Charming, Powerful, and Wrong
Former Federal Reserve chair Alan Greenspan, who died at 100, was charming and powerful but his deregulation policies led to the 2008 financial crisis, argues Robert Reich.
Queensland Economy Faces Ratings Downgrade Despite Coal Windfall
Queensland's economy is at risk of a credit rating downgrade due to soaring debt and weak fiscal management, overshadowing a $5.2 billion coal royalty windfall.
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Alan Greenspan, US Fed Chair, Dies at 98
Alan Greenspan, who led the US Federal Reserve for 19 years and shaped global economic policy, has died at 98. His tenure saw the dot-com boom and the 2008 crisis.
Burnham Must Be Upfront on Tax or Risk Bond Market Rout
Andy Burnham's byelection win in Makerfield propels him towards No 10, but investors expect clear plans on tax and spending to avoid spooking bond markets.
Trump Hails Iran Deal but Economic Shadow Lingers
US President Trump touts Iran deal as oil prices fall, but economists warn of lingering economic costs from the Middle East conflict.
Greg Jericho: Economic Forces Driving Australia to Populism
Greg Jericho explains why economic pessimism is fueling support for One Nation as the RBA warns of rate hikes and global supply chains remain chaotic.
Labour Leadership Race May Raise UK Bond Yields
Economists warn that a Labour leadership contest could increase UK government borrowing costs, with bond yields already rising amid political uncertainty and inflation fears.
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BOE Holds Rates at 3.75% as Iran Conflict Weighs on Economy
The Bank of England kept interest rates at 3.75%, balancing higher energy costs from the Iran conflict against weaker inflation and wage growth concerns.
Bank of England Holds Rates at 4.5% Amid Sticky Inflation
The Bank of England kept interest rates unchanged at 4.5% as inflation remains above target. UK unemployment fell to 4.2% while wage growth eased slightly. Markets react mixed.
UK Inflation Softer Than Expected Despite Iran War
UK inflation came in lower than forecast in May, surprising economists who had predicted a sharper rise due to the Iran war. The softer reading may ease pressure on the Bank of England.
RBA Holds Rate at 4.35% as Economy Slows
The Reserve Bank of Australia left the cash rate at 4.35% after economic activity slowed and unemployment hit a four-year high, bringing little relief to mortgage holders.
Wealth Tax Case Grows as Billionaire Riches Hit 22% of GDP
A 2% wealth tax on assets above £100m could reverse rising inequality, as UK billionaires now own 22% of GDP. Labour leadership contenders hint at taxing the rich.
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Elon Musk's $1 Trillion Pay Package Approved by Tesla Shareholders
Tesla shareholders approve Elon Musk's $1 trillion pay package, requiring aggressive goals like stock price growth and vehicle rollouts.
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