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The Latest Breaking News from Jim Chalmers

Afternoon Update: RBA gives households reprieve; former childcare worker faces offences; and post-Ashes drinks moved to nightclub

Jim Chalmers says RBA decision is a ‘welcome reprieve for Australians who are already doing it tough’

The Guardian - AU

Australia is about to set its first full employment target – and it will define people's lives for decades

Stand by for one of the most important decisions Treasurer Jim Chalmers and the Albanese government will make.

The Conversation

Chris Barrett has a formidable job ahead as the new Productivity Commission chief

This week’s appointment of Wayne Swan’s former chief of staff Chris Barrett to head the Productivity Commission puts the annual Trade and Assistance Review it released this month under a more searching spotlight than usual.

The Conversation

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Underlying inflation has slipped below 6%, but is the slide enough to stop the RBA pushing up rates further?

Australia’s inflation rate has fallen for the second consecutive quarter.

The Conversation

Ongoing detention of Cheng Lei without verdict ‘damages China’s standing’ worldwide, partner says

Dfat calls for China to exercise ‘basic standards of justice’ in case of Australian journalist detained since 2020 over national security-related accusations

The Guardian - AU

Chris Barrett becomes new head of the Productivity Commission, as Jim Chalmers flags fresh focus

Treasurer Jim Chalmers has appointed Chris Barrett, an economist with extensive public service and governmental experience, as the new chair of the Productivity Commission.

The Conversation

Productivity Commission appoints Chris Barrett as new chief, treasurer Jim Chalmers confirms

Chalmers announces Barrett, deputy secretary of Victoria’s treasury and finance department, will begin his five-year appointment from September

The Guardian - AU

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Cheap shots aside, Chalmers has work to do to improve his new 'wellbeing' framework

The Albanese government’s new “Measuring What Matters” framework for a wellbeing economy has been criticised for relying on out-of-date data in several crucial measures. But that’s an easy and somewhat cheap criticism to make.

The Conversation

Victorian Liberals call for parliamentary inquiry into cancellation of Commonwealth Games – as it happened

This blog is now closed

The Guardian - AU

Aussie wellbeing tracker shows room for improvement

The life expectancy, safety and representation of Australians in parliament has improved, but many other wellbeing indicators are deteriorating.

AAP

Reserve Bank might be using sledgehammer to crack a nut

Prominent economists say a broad range of economic policies are needed to tackle inflation with RBA rate hikes ineffective against key sources of inflation.

AAP

Australians' national wellbeing shows a glass half full: Measuring What Matters report

Australia presents a mixed picture of national wellbeing, according to the government’s Measuring What Matters report released by Treasurer Jim Chalmers.

The Conversation

PwC partner wins injunction over retirement move

A partner of PwC is taking the embattled consultancy giant to court over his forced retirement after an investigation into misuse of confidential information.

AAP

Australia's first wellbeing framework is about to measure what matters – but it's harder than counting GDP

In an implicit admission that the Commonwealth budget may not measure what really matters, Treasurer Jim Chalmers is about to release what he is calling “Measuring What Matters” – Australia’s first national wellbeing framework.

The Conversation

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The Guardian - AU

Consultancy firms’ tactics under scrutiny – as it happened

This blog is now closed.

Newcastle Herald

Lowe's interest rate missteps were costly ones for many Australians

How difficult can it be?

The Canberra Times

Renters never gloomier as living costs soar

Confidence among renters has plunged to a record low.

The Guardian - AU

China GDP growth falls short of expectations as sinking property prices hit economy

Data shows the economy grew just 0.8% in the June quarter, down from 2.2% in the first three months of 2023

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AAP

Easing global inflation story takes pressure off rates

Moderating inflation around the world could help the Reserve Bank build the case for an extended pause on interest rates.

The Guardian - AU

‘A lethargic result’: Labor says it is ridiculous for Peter Dutton to take heart from Fadden byelection win

Deputy prime minister Richard Marles says byelection swing to LNP was ‘half the average swing you would expect against a sitting government’

AAP

'I have a mountain of respect' for Lowe: Treasurer

Treasurer Jim Chalmers is unable to say if inflation can come back down without a rise in unemployment but declined to comment on the RBA's July rate decision.

The Guardian - AU

Hundreds charged after NSW domestic violence operation; South Australia moves to ban no cause evictions – as it happened

This blog is now closed.

AAP

Coalition to target 'Albo-nomics' after Fadden win

Following an LNP win in a Queensland by-election, Deputy Liberal leader Sussan Ley will spearhead a coalition attack on Labor's economic management.

AAP

'No comfort' for Peter Dutton after Fadden by-election

Labor has described the Liberal National Party's win in the Fadden by-election as "pretty lethargic", as cost of living issues bite.

The Guardian - AU

Michele Bullock spells continuity at RBA – but respite unlikely for borrowers

The new chief was one of the board members raising interest rates, but has been brought in to reform the central bank

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