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The Latest Breaking News from Jim Chalmers

Treasury modelling says indirect impact of Trump’s tariffs likely to be worse than immediate impact for Australia

Donald Trump’s trade and tariff policy would bring a small reduction in Australia’s output and extra price pressures, especially in the short term, according to Treasury modelling.

The Conversation

Australia to navigate choppy US waters under Trump

With US president-elect Donald Trump foreshadowing tariffs and American isolationism, Treasurer Jim Chalmers says Australia will likely need to navigate change.

AAP

February rate cut hopes hinge on jobs market softening

The economic outlook has been downgraded as the big four banks' predictions of a February interest rate cut narrows.

AAP

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Mixed response to Labor pledge of student debt relief

The opposition and student union have criticised Labor's pledge to cut student debts by 20 per cent, but universities backed efforts to make the system fairer.

AAP

Australia's inflation down, but not out

There were few surprises in the inflation read-out, with economists broadly of the view underlying price pressures should keep the cash rate on hold until 2025.

AAP

Pandemic cash splash let inflation genie out of bottle

Australia could have suffered much lower inflation after COVID-19 had pandemic support been less wasteful and interest rates moved earlier, a review says.

AAP

Nation's sick state of readiness for pandemics unmasked

Australia's healthcare, economy and public service have been exhausted by COVID-19 and a Centre for Disease Control will be set up to prepare for pandemics.

AAP

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Chalmers says it’s ‘problematic’ gambling companies claimed $90m worth of research tax credits in one year

Treasurer indicates Labor may be prepared to stop poker machine and betting companies from accessing tax concessions for R&D

The Guardian - AU

Parties set sights on federal poll as state turns blue

A change of government in the Sunshine State has left the major parties pondering a different plan of attack for the upcoming federal election.

AAP

Treasurer: Conflict casts dark shadow over the economy

While visiting Washington, DC, for a series of meetings with the G20, IMF and World Bank, the treasurer also sat down with Republican and Democrat advisers.

AAP

Mideast war not behind Aussie inflation: opposition

Unlike Australia, inflation and interest rates are falling in the UK, the US, Canada and New Zealand despite conflict in the Middle East, the opposition says.

AAP

'No doubt' inflation is moderating: finance minister

Much is riding on quarterly inflation data out next week as Australia's slow progress by international standards has Labor defending its economic record.

AAP

LNP piggybacks federal Labor policy to chew into costs

The Queensland Liberal National Party will borrow a federal Labor plan to drive down debt and increase savings, after finally announcing its economic plan.

AAP

Australia facing further economic troubles

Australia is facing ongoing economic challenges as Labor holds out hope interest rates will come down before the federal election.

AAP

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AAP

Strong labour force report dims rate cut prospects

Interest rates are unlikely to fall soon after new data showed workers are being onboarded by employers in huge numbers, reflecting a resilient jobs market.

The Guardian - AU

Albanese’s $4.3m home purchase could increase pressure to change property tax laws, Labor MPs suggest

Prime minister says he is focused on solving the housing crisis but the opposition has accused him of being out of touch with voters

Al Jazeera

Australia to ban ‘dynamic pricing’ of tickets after Green Day uproar

Australian Prime Minister Anthony Albanese says he will outlaw ‘dodgy practices’ that rip off customers.

AAP

Dodgy subscription traps and hidden fees to be banned

A slew of manipulative sales tactics, including subscription traps and hidden fees, are in the federal government's sights.

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Al Jazeera

Australia announces plans to ban debit card surcharges

Australian Prime Minister Anthony Albanese says move would help ease cost of living for households.

AAP

Debit card surcharges could be scrapped in crackdown

Surcharges on debit card purchases could become a thing of the past by 2026, but some groups are warning the fees could be imposed in other ways.

The Guardian - AU

Shoppers to no longer pay fees when using debit cards under new Albanese government plan

Treasurer says uncovering ‘unfair’ practices also part of proposed surcharge revamp designed to give consumers better deal and cut small business’s costs

The Conversation

Grattan on Friday: Oil prices could be where the Middle East crisis collides with Australia’s cost-of-living crisis

Angry, accusatory partisan exchanges over the Middle East war have dominated federal politics this week. But for most ordinary voters the issue remains “over there”.

The Guardian - AU

Global petrol price spike due to Middle East conflict to hit Australian motorists, Jim Chalmers warns

‘Rule of thumb’ is Australia’s inflation rises 0.4% when a 10% increase to crude oil price lasts a year

AAP

More pain at the petrol pump as oil prices spike

Conflict in the Middle East is having a flow-on effect for Australian fuel prices but petrol stations have been cautioned not to take motorists for a ride.

AAP

New merger laws to shelve 'damaging' supermarket deals

The competition watchdog will have to be notified of every supermarket merger to prevent major players from gaining an unfair advantage.

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