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The Latest Breaking News from Jim Chalmers

Cost-of-living crisis will get worse before it gets better: Jim Chalmers

Treasurer Jim Chalmers has conceded the cost-of-living crisis will get worse before it gets better after the RBA hiked interest rates by 50 basis points.

The New Daily

Fuel excise relief to end: Treasurer

Labor's Jim Chalmers says motorists should be ready for fuel prices to rise in September as economic challenges like high inflation take a toll.

AAP

Pay rise won 'for those who kept us going'

Treasurer Jim Chalmers says the new Labor government has fought for the minimum wage rise up to 2.8 million Australians will receive from July 1.

AAP

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Moody's affirms Australia's AAA rating

Treasurer Jim Chalmers has welcomed Moody's affirmation of Australia's AAA credit rating.

AAP

Future make-up of RBA board a 'key consideration' going forward, says Federal Treasurer

Federal Treasurer Jim Chalmers throws his support behind calls for the Reserve Bank board to be more representative of the broader Australian community, following scathing criticism that it is out of touch with workers demanding wage increases.

ABC News

Extraordinary commodity prices aid budget

Strong prices for Australia's commodities has seen a marked improvement in the budget, Treasurer Jim Chalmers says, but he warns these prices are volatile.

AAP

Jim Chalmers says inflation will go higher, but unions are right to push for higher wages

Treasurer says it is ‘uncontroversial’ for unions to note that wage rises are below inflation, and suggests there may be a place for workers’ representative on RBA board

The Guardian - AU

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Ministers defend cut to crossbenchers’ advisers, despite fury of Jacqui Lambie and other independents

Lambie, Zali Steggall and David Pocock have attacked the Albanese government’s decision, saying they may not support legislation if they don’t have the resources to understand it

The Guardian - AU

Beyond GDP: Jim Chalmers' historic moment to build a well-being economy for Australia

Australia’s new federal treasurer, Jim Chalmers, spoke regularly in opposition about a well-being budget and the need to measure more than just the traditional economic indicators.

The Conversation

Public service shake-up continues with four new secretaries for government departments – as it happened

This blog is now closed

The Guardian - AU

Where did the RBA find evidence of wage growth?

The Reserve Bank of Australia is facing a federal government review, and we found one good reason for it: Wages growth data has come from a source that an expert called not "statistically valid".

ABC News

Alan Kohler: The NDIS could crush the Labor government

The Albanese government faces something of a classic Hobson’s Choice when it comes to the revamping the NDIS, writes Alan Kohler.

The New Daily

Federal Treasurer Jim Chalmers Backs State Talks To Scrap Stamp Duty So Here’s The Lowdown

Starting with “what the fuck is stamp duty?“.

Pedestrian.tv

Australia's Reserve Bank has got a lot right, but there's still a case for an inquiry

Treasurer Jim Chalmers is about to commission an independent review of the Reserve Bank of Australia. Refreshingly, his election promise was bipartisan – both sides of politics want it.

The Conversation

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The New Daily

Madonna King: When the cost of living becomes the cost of suffering

Floods, COVID supply issues and war created a perfect storm. Those battening down the hatches aren’t seeing perfection anywhere near their household spend.

The New Daily

Cost-of-living crisis another case of runaway inflation

Both a full-blown cost-of-living crisis and a related but independent energy crisis have broken out in the past month, as Labor takes the government reins.

The Conversation

Grattan on Friday: If the Albanese government did what really needs to be done, it would be a very big target

Usually the speeches of treasury secretaries are relatively bland, echoes of their political masters. But an address this week from Steven Kennedy was something quite different.

AAP

Payroll jobs grow more slowly than 2021

The Australian Bureau of Statistics said payroll jobs grew by 0.2 per cent in the month to May, recovering after the impact of the Easter holiday in April.

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The Guardian - AU

Albanese says cost of living concerns will be ‘front and centre’ of cabinet meeting

Inflation, energy prices and wages growth on Labor’s agenda as pressure builds to provide relief to low income earners before October budget

AAP

Kiwis eye Aussie citizenship under Labor

Kiwis hoping for an improved pathway to Australian citizenship are pinning their hopes on the 'MP for New Zealanders', Treasurer Jim Chalmers.

The Guardian - AU

Embattled buy now, pay later sector to be regulated under credit laws

Financial services minister Stephen Jones says government will also move to regulate cryptocurrency exchanges like other financial markets

The New Daily

Challenges loom large for new Albanese government

Members of the Albanese government say they do not need to exaggerate when discussing the challenges stretching out before them.

The Guardian - AU

Treasurer warns of ‘severity and magnitude of inflation challenge’ after RBA hikes official interest rate

Jim Chalmers responds to Reserve Bank decision to lift cash rate 50 basis points as Anthony Albanese declines to comment during Indonesia trip

ABC News

A 'difficult' day for homeowners as Treasurer Jim Chalmers predicts more pain before inflation is brought under control

Jim Chalmers says a rise in interest rates is "difficult news" for home owners and warns life in Australia is set to become even more expensive.

The Guardian - AU

Reserve Bank hikes official interest rate by 50 basis points to 0.85% to curb inflation

Decision exceeded predictions from economists while Westpac was the first of the big banks to pass on the rise in full to customers

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