In this podcast, @michellegrattan canvasses the budget with Treasurer @JEChalmers, Shadow Treasurer @AngusTaylorMP and The Conversation's politics + society editor @amandadunn10
A strong revenue flow, including from a pick-up in wages, appears to have made it possible for the government to do somewhat more on welfare payments than it originally intended
Protestors in Lagos rally against plans to remove the fuel subsidy in 2012.
Pius Utomi Ekpei/AFP via Getty Images
From the late 1960s to the early 1980s, more unionised workforces from Europe to Aotearoa New Zealand fought hard to keep wages abreast with inflation. But it’s unlikely that could happen now.
Putting money in the pockets of Canadians most in need via the grocery rebate or a guaranteed basic income has myriad benefits for people, families and the economy.
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Initiatives like the federal government’s new grocery rebate are only a small step towards ending food insecurity in Canada. A broader guaranteed basic income is long overdue.
Inching toward a recession .. but what kind?
Eskay Lim/EyeEm via Getty Images
The Fed’s campaign of rate hikes is showing more signs of having the intended effect of slowing the economy – but that may be bad news for those who lose their jobs or have a harder time finding one.
The federal government’s grocery rebate will provide one-time monetary relief to 11 million low- and modest-income Canadians and families.
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Peter Martin, Crawford School of Public Policy, Australian National University
More than one million borrowers are set to come off ultra-low fixed mortgage rates this year and next, meaning the full effect of the ten rate rises to date is yet to be felt.
The high cost of groceries is exacerbating food insecurity in Canada, but the federal government’s new ‘grocery rebate’ doesn’t go far enough to help.
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Raising rates to fight inflation involves a time lag so current efforts to bring down prices won’t start having an impact until the next election is approaching.