
'Every household, every business' to be hit by massive net zero changes, says NAB
Future investment of about $70 billion must shift to low-emission by 2030 in what the NAB has called the “great reallocation” of spending.
Future investment of about $70 billion must shift to low-emission by 2030 in what the NAB has called the “great reallocation” of spending.
Closed international borders in response to the Covid-19 pandemic and a sharp drop in skilled migration has meant 380,000 fewer people have entered the workforce at a cost of $32 billion to the Australian economy.
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More than 366,000 jobs were created in November as the end of lockdowns in southern states created a massive employment surge and led Queensland to its lowest level of unemployment since 2009.
Treasurer Josh Frydenberg is set to hand down an improved budget position when he releases his mid-year budget review this week, but isn’t about to say whether further tax cuts are likely.
Will May 11 bring a budget that aims to extend Australia’s remarkable economic recovery or one targeted at ensuring the coalition is returned to power at the next election? Colin Brinsden reports
Australia faces as many as 34 days of future lockdowns thanks to delays in the Morrison Government’s vaccine rollout, a report by policy think tank The McKell Institute has warned.