Australia has seen a major decline in revenue from tobacco excise in recent years, attributed to increases in excise. A legal packet of cigarettes now costs about $50 (of which $34 is tax and excise), compared to a cost of around $15 for illegal cigarettes, which are readily available. The growth in illegal cigarettes has
When the Nationals followed by the Liberal Party walked away from their commitment to Net Zero, it was swiftly branded everything from a gift to the Albanese government to flat-out political suicide for the Coalition. In a vacuum, it certainly makes it harder for the Coalition to win back the affluent urban seats now held
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Modelling by Infrastructure Australia in 2017 predicted that household water bills would quadruple over 50 years due to population growth and climate change, rising from $1,226 in 2017 to $6,000 in 2067 in real dollars. A 2021 analysis by the Productivity Commission (PC) also warned that the expected 11 million increase in Australia’s metropolitan populations
Following the release of the Q3 ABS Household Spending data, which revealed a growth of just 0.2% in inflation-adjusted terms for the quarter, concerns began to mount that the third-quarter GDP figure could be weak. After being supported by solid quarterly growth in aggregate household spending in the prior three quarters, this concern was well
Australia is a global outlier on immigration, no matter how much the government, the media, and others try to argue otherwise. Australia’s population growth is extreme relative to other developed nations. In the first 25 years of this century, Australia added 45% more people, easily eclipsing other advanced nations. This extreme population growth was delivered
The Reserve Bank of Australia meets this week and then has a long holiday until February 2026, with expectations of a hold locked in almost completely, which has sent the Pacific Peso higher in recent weeks: After finding a base around the 65 handle, with a brief dip below on some wonky US reports, and
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Friday night saw modest gains across both sides of the Atlantic as Wall Street awaits this week’s FOMC meeting and the long expected rate cut from the Fed. Bond markets continue to sell off slightly while the USD was relatively steady but dropped to a two week low even as Euro pulled back slightly as
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Ben was joined this week by Osmond Chiu, Per Capita research fellow and contributor editor for the Labor Left magazine Challenge, to discuss the factions of the Australian Labor Party.
Read Osmond’s 2020 piece in Jacobin on the history of Labor’s factions.
The EU has once again strayed beyond acceptable boundaries, slapping Elon Musk’s social media platform X with harsh penalties for being in violation of new draconian EU digital laws that many say are code for censorship.
Elon Musk wants to abolish the EU. He has a pointThe “bureaucratic monster” that has just fined X €120 million is wrapping its tentacles around free speech
The nation’s auction market is ending 2025 with a whimper. The monthly average final auction clearance rate across the combined capital cities declined to 64% in November, down from the recent peak of 70% in September. Sydney and Melbourne have driven this decline in auction clearances. Sydney’s final auction clearance rate fell to 63% in
Australia’s new Defence Delivery Agency may finally expose an uncomfortable truth – that Australia already has formidable deterrent capabilities through the Royal Australian Air Force and emerging drone systems, making the AUKUS submarine commitment both risky and unnecessary.
