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The 2015-16 Budget announced last night contains some welcome initiatives for small business. The reduction in the tax rate for small business to 28.5% will actually impact only a few companies, so the 5% tax discount (up to a max of $1,000 per individual) for small non-incorporated businesses is perhaps …read more
A great friend of ours, Graham Turner, runs an independent economic consultancy (GFC Economics) in London. Graham founded GFC in 1999 after many years working as an economist with various international investment banks in the City. Graham has written a number of highly regarded books, the most recent of which …read more
The IGR released yesterday (available here) demonstrates clearly, if rather politically, that the country faces a number of significant challenges over coming decades. One of the main being the fact that our future population will be living a lot longer and therefore putting an every greater burden on retirement savings. It would seem obvious …read more
Our friend Gene Tunny (Queensland Economy Watch) gave a speech to the University of the Third Age, Redlands yesterday which is well worth a read. It’s an interesting precis of Australian economic history and a review of what might be in our futures. Of particular interest for our region is …read more
Todays’ release of the June Retail Trade data shows turnover at current prices up 0.6% (seasonally adjusted) for the month. While this is stronger than expected it is hard to get away from the reality that retail sales are extremely sluggish when we consider that, when adjusted for inflation, turnover in …read more
The Grattan Institute has released a report (available here) which takes an interesting look at electricity pricing and suggests some potential changes to the current model of simply charging for the power used. Rather they suggest charges that reflect the cost of the maximum load that the user imposes on …read more
Before reading any further I suggest that you watch this TED talk from Simon Anholt last month in Berlin. It’s a fascinating talk about a really interesting idea; what is a “good” country? Having watched the talk you can then check out the full results of his Good Country Index. …read more
Retail Trade data released this morning for April shows a modest 0.2% increase on the month (seasonally adjusted). This is at, or slightly below, market expectations and comes on the back of only very modest gains in Feb and March. On a Trend basis sales are up 6% for the …read more
Private Capital Expenditure (CAPEX) for the first quarter of 2014 has fallen by 4.2% (seasonally adjusted), -0.3% trend, from the previous quarter. The markets had been expecting a decline of around 1.5% sa. However, the declines in the previous quarter have been revised to -4.4 sa (was -5.2%) and unch …read more
Back from a busy few busy days in Cairns which included two economics breakfasts; one yesterday with Michael Workman from Comm Bank (hosted by the AICD) and the other this morning with Warren Hogan from ANZ (hosted by Advance Cairns). Both painted fairly positive pictures for Australian growth in the …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series