Spikes in inflation are often blamed on government borrowing to deliver cash handouts. But it’s more complicated than that. The real issue lies in borrowing without a plan to balance the books.
Peter Martin, Crawford School of Public Policy, Australian National University
Only one-third of the top economists surveyed give Jim Chalmers’ third budget an A or a B, down from two-thirds in 2023. Many say it left big issues unaddressed.
UK workers may begin to notice their pay going further if wage growth can outpace inflation.
IR Stone/Shutterstock
Investors, homebuyers and central bankers all have reason to be irritated by the latest data, and inflation isn’t licked just yet. But the numbers also show reason for optimism.
Discounters have long copied more established brands – but now it’s working the other way too.
Tesco
Tuesday’s budget will show there has been an improvement of $10.5 billion in the bottom line. The update forecasted a deficit of $1.1 billion for 2023-24.
Holding up Labor’s female vote will be vital, Treasurer Jim Chalmers has declared Tuesday will bring “a budget for mums and middle Australia”.
Retailers in Canada have some serious work to do to rebuild trust and demonstrate their commitment to both ethical practices and community well-being.
THE CANADIAN PRESS/Nathan Denette
Although it’s rooted in legitimate grievances, the ‘Steal from Loblaws Day’ campaign is not only illegal, but also fails to achieve its intended objective and risks undermining economic stability.
New Zealand’s history of inflation, recessions and unemployment offer clues to what might happen next. Coupled with global events, the outlook is not promising.