Lachlan Maddock News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Readers’ letters on the docks dispute; Qantas’ plunging brand; gas pipes and mythologies; News Corp.

A revolution in reverse 13 May 2021 On budget night, Australia witnessed another stunning performance of the Frydenberg tango: one step forward, two steps back. After innumerable pre-budget “leaks”, the surprise up Josh Frydenberg’s sleeve was $29 billion in tax cuts for low and middle-income earners – doubtless a win for those who’d like to keep more of their money, but hardly the sweeping reforms required to make Australia’s economy more dynamic and less reliant on the exports that Paul Keating referred to in his infamous “banana republic” comments in...

UBS has added its voice to the chorus of commentators warning the RBA could be forced to lift rates prematurely in the face of a stronger-than-expected recovery.

Treasury’s admission that wages will remain depressed despite historic government spending has drawn the ire of Josh Frydenberg’s political opponents, who accuse him of mismanaging the economy.

The budget we had to have? By Lachlan Maddock 10 May 2021 Desperate times call for desperate measures – but it’s unclear whether Treasurer Josh Frydenberg will deploy any on budget night. Treasurer Josh Frydenberg finds himself walking a tightrope, committing to repairing the economy while maintaining the LNP’s reputation as the party of fiscal responsibility. Any misstep will have disastrous consequences for an election that will likely be coming sooner rather than later, or for the fortunes of a country that is still ...