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Pete was on radio 4CA this morning with John MacKenzie talking about his submission to the Productivity Commission’s Transitioning Regional Economies report (you can download the full submission from the PC website here). You can listen to the interview below.
One of the less publicised elements of the 2017-18 Budget released on Tuesday was the decision to slash funding to the Australian Bureau of Statistics (ABS). Tucked away in Budget Paper 4; Agency Resourcing is a reduction in funding for the agency of some $218m (33.6%) for the next financial …read more
Among all the Budget 2017-18 announcements and trumpeted measures (of which Nick Behrens from QEAS provides as good a summary as any here) the most interesting (disappointing?) chart for me comes in Budget Paper 1, Statement 3 regarding the Structural Budget Balance. As the Budget acknowledges; “Restoring the structural integrity …read more
Apologies to any others, but if you’re not a dyed in the wool economics tragic read no further. Back in uni days (over 30 years ago now) the old Phillips Curve theory was still being tossed around (although with modifications from the 1950’s original) and it’s always been something I’ve …read more
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
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