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The Latest Breaking News from Jim Chalmers

Intervention for energy prices working, says treasurer

Treasurer Jim Chalmers says intervention in the energy market is working and that a decision will be made mid-year on the fate of RBA governor Philip Lowe.

AAP

RBA backs power bills relief plan to help ease costs

As Treasurer Jim Chalmers has seized on support for a power bill relief plan as he meets his state and territory counterparts online.

AAP

Walking the ‘narrow path’: Will Australia avoid a recession in 2023 as Jim Chalmers predicts?

Treasurer Jim Chalmers isn't predicting a recession in 2023, but experts say the risk is rising as consumer spending slows.

The New Daily

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A story for every place, not jobs and growth: Revive reflects global trends in policy – cultural and otherwise

Federal Labor is engaged in urgent reform, making up for the “lost decade” under the Coalition. The Voice, industrial relations, climate change, universities, health, Asian-Pacific diplomacy, research and development are all undergoing significant policy review. We can now add the new National Cultural Policy, dubbed Revive.

The Conversation

Tanya Plibersek blocks Clive Palmer’s proposed coalmine – as it happened

This blog is now closed

The Guardian - AU

RBA warns of at least 2 more interest rate rises in coming months, as the economic outlook worsens

Australia’s cash rate has hit 3.35%, after the Reserve Bank raised interest rates for the ninth time in a row – and signalled more interest rate pain ahead. The 0.25 percentage point rise adds A$90 a month to a $600,000 variable mortgage.

The Conversation

‘Higher than expected’: RBA signals more rate hikes as 2023 inflation battle begins

The Reserve Bank has kicked off the New Year with another squeeze on homeowners, lifting its target cash rate to a decade-high 3.35 per cent.

The New Daily

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Jim Chalmers says it’s absurd to expect him to copy Paul Keating as critics lash values-based capitalism essay

Treasurer says 2023 priorities include cost-of-living relief, a tax expenditure statement and the intergenerational report and wellbeing framework

The Guardian - AU

Fury over Chalmers’ essay is a reminder to Labor: change won’t get an easy ride

The government has an enormous agenda this year but the reaction to the treasurer’s ideas signals the obstacles it faces

The Guardian - AU

Letters explaining $5 note shock decision released

Letters explaining the future of Australia's $5 note, which will include a replacement for the portrait of the monarch with a new design, have been released.

AAP

Afternoon Update: national cabinet falls short on primary care, AMA says; US police kill again; and a Chinese spy balloon

Strengthening Medicare report welcomed but experts criticise lack of detail on making GPs more affordable for Australians

The Guardian - AU

Morning Mail: Albanese’s voice pledge, Turnbull raises Aukus sovereignty risk, Shell profits double

The prime minister will go ahead with the referendum even without bipartisan support, he tells us

The Guardian - AU

Superannuation tax breaks will cost budget $52bn, almost matching Australia’s age pension

New analysis calls for major changes including restrictions on concessions as the country risks having ‘two classes of state-funded retirees’

The Guardian - AU

Grattan on Friday: Chalmers attracts some flak for blue sky ideas but the government has bigger problems

Jim Chalmers likes to say we need national “conversations” about the economic issues facing the country. Now, just as the new parliamentary year is set to begin on Monday, Chalmers has bought himself a doozy of a conversation, with his essay advocating we embrace “values-based capitalism”.

The Conversation

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The Guardian - AU

Afternoon Update: Pell funeral met with protests; no Charles on $5 note; and the ACT’s new EV incentive

Tony Abbott leads the praise inside St Mary’s Cathedral while protesters outside face off with funeral attenders in sometimes heated exchanges

ABC News

IMF urges tough tax reforms as Australia treads 'narrow path' to avoid recession

The Albanese government is being urged to embark on a range of unpalatable economic and tax reforms to pay for massive spending already baked into its budget.

AAP

More interest rate increases are warranted, says IMF

Australia's economy is tracking toward a soft landing but the International Monetary Fund envisions more cash rate increases in 2023.

The New Daily

Alan Kohler: The RBA is fighting for its purpose … and its life

Let’s have a sort of “upper-level extension” to the RBA in the fight against inflation, writes Alan Kohler.

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The Guardian - AU

Business sector has driven shift to ‘values-based capitalism’, Jim Chalmers says

Treasurer hits back at criticism of his essay that championed co-investment and economic inclusion

The Conversation

Humanising capitalism: Jim Chalmers designs a new version of an old Labor project

Treasurer Jim Chalmers begins his Monthly essay “Capitalism After the Crises” with a quote from the ancient Greek philosopher Heraclitus: “No man ever steps in the same river twice. For it’s not the same river, and he’s not the same man.”

AAP

Treasurer woos global investors who share his values

Treasurer Jim Chalmers is leaning on superannuation funds and global connections to power Australia's push to rewire homes and industries with clean energy.

AAP

Global growth outlook slightly healthier, says IMF

The outlook for the global economy has improved marginally, with inflation likely past its peak and trending down over 2023 and 2024.

The Conversation

Politics with Michelle Grattan: Treasurer Jim Chalmers answers critics of his 'values-based capitalism'

Treasurer Jim Chalmers has rejected as “laughable” criticism he has turned his back on the Hawke-Keating reform era in his blueprint for “values-based capitalism”.

AAP

More mortgage pain to become reality

Finance Minister Katy Gallagher says it will be a tough year for hundreds of thousands of people coming off fixed mortgage rates and on to higher variable ones.

AAP

We need values-first capitalism: Chalmers

The federal treasurer has called for a new economic order that's more aligned with Australia's values and more resilient to back-to-back shocks.

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