Opposition leader Peter Dutton says Labor’s proposed fuel efficiency standard for new cars would push up the price of a Mazda CX30 “by about $19,000”.
Given that right now the Mazda CX30 costs A$33,140, that’d be one hell of an increase.
There are two things the prime minister needs to get into his head about tax. One is that saying he won’t make any further changes no longer works. The other is that negative gearing doesn’t do much to get people into homes.
Wes Mountain/The Conversation, CC BY-ND
Why is Prime Minister Anthony Albanese suddenly so keen to deliver extra cost-of-living relief – keen enough to summon Labor members of parliament to Canberra for a briefing on Wednesday, followed by a National Press Club address on Thursday?
If you’re looking for clues about whether the Reserve Bank has any interest rate rises left, Governor Michele Bullock offered several in her statement after Tuesday’s board meeting, saying:
the latest monthly figures showed inflation “continuing to moderate”
inflation expectations remained “consistent with the inflation target”
Pay close enough attention to parliament these next few days, and you’re likely to witness something truly remarkable: politicians from both sides of politics uniting to remove the power of politicians to overrule the Reserve Bank.
As an instance of self-loathing, it’s hard to top.
Since Australia’s Reserve Bank hiked interest rates two weeks ago, there have been two important developments – one in the United States and the other in the United Kingdom.
If it’s not clear to you why events overseas influence Australia’s interest rates, which are meant to be set to control Australian inflation, read on.
US and UK inflation close to zero
The Albanese government is about to have to make a really important decision.
It’s going to have to decide what’s more important: supporting Australians who are financially under water, or keeping an election promise.
And it’ll have to do it soon. It’s already working on its May budget, now just six months away.
That choice will affect almost every Australian, and it could shape whether you’re thousands of dollars a year better off – or not – from July next year.