Page 5 - Peter Downes News Today

Economists have questioned key economic forecasts contained in Tuesday’s federal budget, including a return to long-term productivity growth.

The deputy governor is leaving the central bank with a long list of achievements in his wake as he heads to a new career at Fortescue Future Industries.

Deloitte’s Chris Richardson said with inflation firming and interest rates set to rise, the risk was the RBA would have a “foot on the brake” and the government had a “foot on the accelerator”.

Economists say the Reserve Bank could be forced to scrap its multibillion-dollar dividend to the government and may require a capital injection from Treasury.

Health officials must embrace rapid antigen testing as the alternative to outdated and blunt lock-ups that will repeatedly close down schools and disrupt work and business.

Why the RBA got it wrong on immigration and wages More migrants do not mean lower wages. The real picture is much more complex than the political debate allows for. Share Reserve Bank of Australia governor Philip Lowe opened a can of worms last week on the Big Australia debate, surprisingly claiming immigration was one of several factors that had contributed to weak wages growth over the past decade. On cue, but somewhat taking Lowe’s comments out of context, anti-immigration One Nation leade...

New community noticeboard at the Sainsbury's store in Huntingdon, thanks to the town's Rotary clubs.

Interest rate traders are betting the first post-COVID-19 increase in the RBA’s cash rate will occur late next year, amid bullish sentiment on vaccines and a more than $2 trillion Biden spending stimulus.

FEATURE: Racing certainties abound at Clongowes Wood in Clane Henry Bauress looks at the famous names from the racing world linked to the school Reporter: ); Clongowes Wood College in Clane is one Ireland’s best known schools. Set up in 1814 by the Jesuit order, it is the only seven-day male boarding school in the country. Many well-known Irish men have studied there, including some with famous racing connections. Such students include Michael O’Leary; Patrick Mullins, son of Ireland’s l...

£24m boost to Cambs school funding - but council says it isnt enough as high needs demand grows Spiralling costs and budget black hole leave council in "ridiculous" situation, education boss says (Image: Getty Images/iStockphoto) Sign up to our newsletter for daily updates and breaking newsInvalid EmailSomething went wrong, please try again later. Sign up here! When you subscribe we will use the information you provide to send you these newsletters. Your information will be used in accordan...