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The Latest Breaking News from Jim Chalmers

Grattan on Friday: Anthony Albanese won't be at COP27 but energy will be on his mind

Anthony Albanese leaves late next week for another round of international diplomacy, starting with the East Asia Summit in Cambodia, followed by the G20 in Indonesia, and APEC in Thailand.

The Conversation

Energy price relief plan due before Christmas, Jim Chalmers tells ABC’s Q+A

In a solo appearance, the treasurer is bombarded with questions but does not rule out subsidies or changes to company tax

The Guardian - AU

Tax concessions for housing investors to cost $20bn a year within a decade, analysis shows

Parliamentary budget office report shows high income earners will benefit most from negative gearing and capital gains tax concessions

The Guardian - AU

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One in four Australians struggling to make ends meet as inflation strains incomes, study shows

Household earnings are taking a hit with many reporting a real pay cut despite working more hours

The Guardian - AU

Anthony Albanese defends decision for no 'cash splash' in budget

Prime Minister Anthony Albanese says a budget cash handout would have been "cheap politics and hugely expensive economics".

ABC News

Angus Taylor says government axing stage-three tax cuts ‘would be a broken promise of incredible magnitude’

Shadow treasurer describes the policy as the greatest ‘marker of values in this term of parliament’

The Guardian - AU

Labor's lead slides in Newspoll, but honeymoon continues in Resolve poll after budget

A Newspoll, conducted October 27-30 from a sample of 1,500, gave Labor a 55-45 lead, a two-point gain for the Coalition since the last Newspoll in early September. Primary votes were 38% Labor (up one), 35% Coalition (up four), 11% Greens (down two), 6% One Nation (down one), 1% UAP…

The Conversation

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Why the focus on energy prices? Inflation is more likely to be driven by surging housing, transport and food costs

Increases in electricity and gas prices are less to blame for the cost-of-living squeeze than many other components. Here’s why

The Guardian - AU

Australian cash rate rises for 7th straight month to 2.85%

Australia’s central bank has boosted its benchmark interest rate for a seventh consecutive month to a nine-year high of 2.85%

The Independent UK

Workplace changes unlikely to be split off

Contentious parts of the Albanese government's proposed workplace reforms are unlikely to be split off to make the laws pass parliament sooner.

AAP

Guardian Essential poll: two-thirds of voters back intervention in energy market as power prices soar

Survey after Jim Chalmers’ first budget suggests people pessimistic about economic outlook amid cost-of-living pressures

The Guardian - AU

‘I would get rid of them’: Tanya Plibersek said she was against stage-three tax cuts, constituent claims

Longtime Labor supporter says Plibersek told him she disagreed with the decision to keep tax cuts legislated by former Coalition government

The Guardian - AU

Treasurer taking gas price cap ‘seriously’

Growing calls for a price cap on gas are being taken seriously by the federal treasurer ahead of a predicted rise in energy prices.

The New Daily

Tax dodgers warned amid Labor chase

The federal government is doubling down on tax dodgers as the prime minister and his top officials hit the road to sell his first budget.

The New Daily

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AAP

Handouts would only fuel inflation: PM

Anthony Albanese has defended his decision to not offer immediate cost of living relief in the budget, saying it would only add to rampant inflation.

AAP

Treasurer taking gas price cap 'seriously'

Jim Chalmers says he's taking calls to implement a cap on gas prices seriously as power costs continue to climb for households and small-business owners.

The New Daily

Riding high on record profits, gas companies warn we could soon be crying poor

Treasurer Jim Chalmers confirmed on Sunday the government was considering all options, including regulating gas companies.

ABC News

Treasurer Jim Chalmers can’t say when Australians' power bills will come down

Jim Chalmers says the government is "always recalibrating our expectations for electricity price rises" and that prices will "moderate in time".

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The Guardian - AU

Treasurer says gas review likely to result in mandatory code of conduct as energy costs soar

Government has also not ruled out using threat of export limits to guarantee more domestic supply, Jim Chalmers says

AAP

Chalmers vows to make budget sustainable

After handing down his first budget, Treasurer Jim Chalmers says structural issues will still need to be addressed during the parliamentary term.

The Guardian - AU

AFP foil plan to import $1.6bn of liquid meth in coconut water bottles – as it happened

This blog is now closed

The Guardian - AU

Peter Dutton delivers red meat to the conservative base while moderates wait for the second coming of Josh Frydenberg

The opposition leader’s doubling down on crusades that estrange the party from its inner-city heartland must have felt pretty eccentric from the teal corner

ABC News

The federal budget had 'tough decisions' — but it's crunch time for Australians, too

Meet Miriam. She's the "typical Aussie", juggling a family, a part-time job and a growing pile of bills. Not one policy in the budget's five-point plan for cost of living relief will help her now — but for millions like her, crunch time is already here.

The New Daily

The budget changes for retirees and pensioners you need to know about

Australia's 15.6 million super fund members and retirees need to know what changes have come in with Labor's first budget in nine years

The New Daily

Households slammed as budget offers little relief from massive inflation wave

With annual inflation reaching a 32-year high over the September quarter, food staples were hit hard and its going to get worse.

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