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The Latest Breaking News from Jim Chalmers

Cyclone Alfred to cost budget $1.2 billion, hit growth and push up inflation: Chalmers

Cyclone Alfred will cost the March 25 budget at least A$1.2 billion, hit growth and put pressure on inflation, Treasurer Jim Chalmers says.

The Conversation

Major delays for Sydney trains amid urgent repairs; human remains found at Sydney home – as it happened

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The Guardian - AU

View from The Hill: Alfred forces Albanese into budget of risks and opportunities

The “maybe” March 25 budget is now a definite, the government’s hand forced by Cyclone Alfred.

The Conversation

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Home approvals rise as Australia's economy turns corner

Promising housing data and a return to growth in real household incomes augur well for the Australian economy in 2025.

AAP

Tariff fickleness sparks call for business to diversify

Australia is still pushing for an exemption to US tariffs but businesses are waking up to the possibility they may need to be flexible to mitigate their impact.

AAP

Australian support for Ukraine strong despite US fiasco

Australia is standing with Ukraine in its war against Russia, despite concerns the US could deny vital support in the wake of a White House blow-up.

AAP

Albanese Promises To Freeze Tax On Tap Beer For Two Years If Re-Elected

Prime Minister Anthony Albanese has promised to freeze tax on draught beer if Labor is re-elected in the upcoming Federal Election.

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Coalition matches Labor pledge to keep beer tax on ice

A promise to pause the draught beer excise for two years under a re-elected Labor government has been followed by a matching pledge from the opposition.

AAP

Albanese’s pitch on beer – temporary freeze on excise indexation

The Albanese government will temporarily freeze the indexation on draught beer excise, in what it describes as a win for drinkers, brewers and businesses.

The Conversation

The Virgin-Qatar deal is welcome but it’s not the magic bullet Australian aviation needs

At a time when money can clearly be made domestically and passengers are paying more, this tie-up won’t fix competition woes

The Guardian - AU

Virgin Australia’s deal with Qatar has been given the green light. Travellers should be the winners

Treasurer Jim Chalmers has given the green light for Qatar Airways to buy a 25% stake in Virgin Australia, as part of a strategic alliance. The deal will shake up the Australian aviation market.

The Conversation

Lower costs, better value as airlines deal takes flight

A deal between Qatar Airways and Virgin Australia could strengthen competition and improve flight capacity in a '"major win" for passengers.

AAP

View from The Hill: the mud flies, but will the voters take much notice?

In these scrappy days before the prime minister announces the election date, the mud and the personal insults are flying, despite the politicians knowing voters hate this sort of thing.

The Conversation

Australia warned not to hit back at US with tariffs

The treasurer has pushed for Australia to be exempt from US tariffs on steel and aluminium imports, with a decision due soon from Donald Trump.

AAP

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AAP

Underlying inflation up but good news on housing, rents

Fresh inflation figures should help convince the Reserve Bank to cut rates again in May, despite a slight uptick in underlying price growth, economists say.

AAP

Treasurer to push for tariff exemption in US meeting

As superannuation giants attempt to build ties with US investors in Washington, Treasurer Jim Chalmers will try to secure a tariff deal with his US counterpart.

The Conversation

View from The Hill: Dutton tries to neutralise health issue by saying, ‘we’ll do just what Labor does’

Peter Dutton has launched a game of one-upmanship after Anthony Albanese at the weekend unveiled Labor’s $8.5 billion health policy that promises near universal bulk billing for GP visits by 2030.

The Guardian - AU

‘Trusted capital from your long-term ally’: Australian super’s US trip to bolster efforts to avoid Trump’s steel tariffs

Super Members Council says summit may sway US president on tariffs on Australian industry after seeing scale of investment in US

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AAP

Local steel quotas in major projects being considered

Treasurer Jim Chalmers says the federal government wants local steel to be used in Australian projects, as it considers introducing quotas.

The Conversation

Grattan on Friday: Dutton doesn’t pull his punches on Trump while Albanese plays it safe

Treasurer Jim Chalmers will not be organising a buck’s night ahead of the coming nuptials of Prime Minister Anthony Albanese and Jodie Haydon.

AAP

What the interest rate cut means for renters

Renters are hoping landlords will try a little kindness and pass on the benefit of interest rate cuts, but experts warn they shouldn't hold their breath.

The Conversation

Population panic: how demography is used for political gain

Population is far from the seemingly innocuous and bland topic of “people”. We’re not just talking people. We’re talking the very foundation of society, culture, and economy … and it’s deeply fraught. It’s also an effective political point scorer.

AAP

One rate dip won't cut it with voters who want action

Most Australians blame big corporations and not government for the rising cost of living so a lone interest rate cut won't sway their vote, polling indicates.

The Guardian - AU

CFMEU members storm the offices of Queensland Council of Unions – as it happened

This blog is now closed

The Guardian - AU

Afternoon Update: big banks pass rate cut on; robodebt investigation launched; and try a year 10 civics test

RBA cuts cash rate to 4.1%, which treasurer describes as the relief millions of Australians ‘need and deserve’

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