Economic Policies
Economic Policies | LATEST STORIES
100 Percent Renewable Goal Drives SA Energy Costs to ‘Highest in the Country’: CEO
The SA Chamber of Mines and Energy says the cost of backing up the system has also multiplied.
Government Borrowing Falls in November, Amid Rise in Retail Sales
The borrowing and retail sales data come amid sluggish economic growth in the UK, with inflation accelerating at its fastest pace since March.
House Rejects Trump-Backed Deal as Shutdown Looms
The new deal was negotiated after Trump opposed a previous bill.
Fed Inflation Projections Rise Sharply, Risks Tilt to Upside
The Federal Reserve is signaling slower rate cuts, warning of upside inflation risks, and raising the 2025 inflation forecast in new projections.
Reform to Energy Regular Will Give Consumers More Protections, Says Government
The review will also look into how Ofgem can help the government in its ‘clean power’ mission and support the private sector to invest in energy infrastructure.
Bank of England Keeps Interest Rates Unchanged at 4.75 Percent
The decision to hold interest rates comes amid growing inflationary pressures and contraction of the UK economy.
Thames Water Penalised £18.2 Million Over Dividends as Ofwat Clears 35 Percent Bill Rise
Thames Water faces nearly £16 billion debt and needs £3.3 billion over the next five years to keep running.
Minister Issues New Directive to Cut International Student Numbers into Australia
New ministerial direction limits international student numbers with revised forecast pushing net migration to 340,000.
Low-Interest EV Loans Offered to Workers Earning Less Than $100,000 a Year
The initiative offers up to 5 percent lower interest rates, helping workers save thousands on new and used electric cars.
Debt Storm Brewing: Economists Warn Australia’s Budget on Shaky Ground
Economists caution against perpetual debt and stagnation for future generations without bold fiscal and economic reforms.
Fed Cuts Interest Rates by a Quarter-Point, Signals Fewer Cuts Next Year
The Federal Reserve expects fewer interest rate cuts in 2025 as inflation pressures weigh on monetary policy.
Washington Gov. Proposes 1 Percent Wealth Tax to Address State Budget Gap
Outgoing Gov. Jay Inslee targets residents with worldwide net worth exceeding $100 million.
Shoe Zone Blames Minimum Wage and Tax Increases for Closures
The retailer said conditions have been ‘challenging’ since September, noting that consumer confidence has weakened further since the Budget was published.
UK Inflation Rises to Highest Rate Since March
Rising inflation could reduce chances of interest rate cuts by the Bank of England on Thursday.
Australia’s Deficit to Be $22 Billion Worse Off Than Originally Predicted
Expected growth figures were also revised downwards.
Qantas to Pay $120 Million in Compensation for COVID-19 Layoffs
1,820 ground crew members will receive a share of the compensation following court rulings.
Congress Unveils Short-Term Funding Bill to Avoid End-of-Year Government Shutdown
The bill will enable government funding to March 14 after Congress failed to enact permanent bills on time, continuing a trend since 1997.
South Australia Records Surplus, As Debt Soars to $46 Billion
The treasurer projects strong economic growth, but Opposition slams rising debt and health overruns.
Coalition Criticises Labor’s Economic Strategy, Promises Better Financial Management
Dutton defended Frontier Economics’ model showing Labor’s 100 percent renewables policy would cost five times the prime minister’s claim.
Government Announces Over $14 Billion of Savings in the Budget
Changes to aged care and the NDIS are ’the biggest structural savings to the budget seen in the past decade,' said Katy Gallagher.
