Page 68 - Intergenerational Report News Today

The government is still feeling its way around ministerial offices where former staff have only just turned off the paper shredders and the new arrivals are searching for tech support.

The government is still feeling its way around ministerial offices where former staff have only just turned off the paper shredders and the new arrivals are searching for tech support.

The government is still feeling its way around ministerial offices where former staff have only just turned off the paper shredders and the new arrivals are searching for tech support.

At first blush, Jim Chalmers sounds like a Treasurer more consumed with process than action. That’s not the case.

The government will cut harder than first indicated when it hands down a budget in October, and then build public support for a second-term agenda of repair measures.

Incomes would be $32,000 lower and budget debt $500 billion higher over the long term if heroic productivity growth assumptions fail to materialise, Treasury says.

Steven Kennedy said a crackdown on tax breaks worth billions of dollars to the wealthy and companies was needed to repair the budget.

Treasurer Jim Chalmers indicated key living standards could soon sit side-by-side with economic data in the budget, and with states demanding more money for health and hospitals social services spending could take centre stage under Labor.

Labor hasn’t inherited any hidden budget surprises. It is spending monuments created in their last period in office that now need to be tamed.

As Australian super funds face into the challenge of creating offshore teams, Mercer has scaled up its domestic super fund business to take advantage of its established global capabilities. Tim Barber explains the reasoning behind Mercer’s big transformational transaction.