What’s the one vice the Treasurer wants to give up? His phone.
Ministers ultimately decided the plan wouldn’t have a big enough impact for the amount of money required.
US baseball great Yogi Berra is often quoted as saying “it’s tough to make predictions,especially about the future”. Scope panellists know this all too well.
Homeowners will be hit with higher mortgage repayments while workers’ pay rises will be eaten up by inflation until next year,economists believe,despite low unemployment.
Australia once had negative net debt. Now it’s on track for $900 billion and economists say it will never be paid off.
The economy is now almost 3.4 per cent larger than in late 2019 ahead of the pandemic,but the geopolitical environment and natural disasters may hurt the recovery.
The Reserve Bank has warned the war in Ukraine is a “major new source of uncertainty” for the global economy as it kept official interest rates on hold at 0.1 per cent.
Scott Morrison warned Russia is likely to have a “more violent” response due to the resistance from the international community against the invasion of Ukraine.
Sydney and Melbourne are in the middle of the sharpest property boom slowdown in the country with both cities recording no house price growth in February as mortgage rates start to rise.
Super funds,banks and investors are condemning Russia’s invasion of Ukraine and pulling hundreds of millions of dollars from the country’s corporates.