Category Archives: Cost of living crisis

PM accuses Dutton of pulling Liberals further to the right; jail sentence for second Blockade Australia protester – as it happened

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Married couple allegedly intended to hand defence force material to Russia, AFP chief says

Reece Kershaw says the AFP arrested the pair – a married couple – yesterday morning at their Everton Park home in Brisbane.

The counter foreign interference taskforce, which includes AFP, Asio and other commonwealth partners, has dedicated significant resources and capability to Operation Bergazada.

The AFP will allege the individuals worked together to access Australian defence force material that related to Australia’s national security interests.

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Uber is cutting fares before Australia’s minimum gig work standards take effect, drivers say

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Ride-hail giant is lowering the starting point for negotiations under the closing loopholes regime, one driver claims

Uber drivers say looming cuts to fares will squeeze them even more in a cost-of-living crisis, arguing the ride-hailing giant is reducing what they are paid before new standards under the government’s closing loopholes legislation are determined.

Last week, Uber told drivers that rider fares would be cut from 7 August. The company has not told drivers the exact amount, but it is understood it would be an average of less than 5%.

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Queensland Greens unveil plan to cap grocery prices and ‘smash up’ Coles and Woolworths duopoly’

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Party’s new policy includes limiting cost increases on 30 essential items, with the shopping list to be determined by a ‘Fair Prices Authority’

The price of 30 basic essentials such as bread, milk and nappies would be capped, with increases tied to wages, under a new policy to be announced by the Queensland Greens on Wednesday.

The party will also lay out a plan to break up the Coles and Woolworths “duopoly” by requiring the companies to sell supermarkets if they own more than 20% of the market.

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Fatima Payman indefinitely suspended from Labor caucus – as it happened

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“I think he has the capacity,” Marles says when asked if Joe Biden has what it takes for the next four years. “I’ve got no doubt there will be no issues in relation to that.”

Marles says Biden administration doing ‘fantastic job’

We work very closely with him and we are very pleased with how we’re progressing with the United States both in terms of their position in the world, but also in terms of our equities, most significantly, of course, the Aukus arrangements that we have in place.

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Are Australia’s public transport discounts for seniors too generous? Are they fair?

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School and tertiary students receive concessions, but their fares are still more than three times those offered to seniors in some states

It’s the uncomfortable question few politicians would dare to ask. Are generous travel discounts afforded to Australia’s older citizens, especially self-funded retirees who are not means tested, sustainable? Moreover, are they fair?

Seniors have long enjoyed heavily subsidised public transport fares across Australia. But as the population ages, public finance strains and a cost-of-living crisis weighs disproportionately on younger generations, some are suggesting a rethink.

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Lift prices, find your niche or shut: Australian cafes face tough choices as inflation bites

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Hospitality outlets are being forced to evolve as cost-of-living pressures change the way cash-strapped consumers spend their money

The Sydney eatery John Montagu is known for its sandwiches.

The cafe in the harbourside suburb of Woolloomooloo has an avid following, especially among those who appreciate that it is named after the Earl of Sandwich, which may sound comical but is a bone fide noble title.

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Inflation rises to 4%, stoking concern interest rates could increase again

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The consumer price index increased to its highest level in 2024, indicating the Reserve Bank is unlikely to cut interest rates soon

Australia’s monthly inflation rate increased to its highest level in 2024 in the latest indication that the Reserve Bank won’t be cutting interest rates soon and might yet hike again.

Consumer prices rose 4% last month from a year earlier, the Australian Bureau of Statistics said on Wednesday. That compared with the 3.6% pace recorded for April, and the 3.8% rate expected for May by economists.

The jump in May’s inflation was propelled in part by automotive fuel prices, which were up 9.3% from a year earlier even as they retreated 5.1% during the month itself.

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Australia politics live: Julian Assange leaves Belmarsh prison after plea deal and will return to Australia, WikiLeaks says

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WikiLeaks X account has tweeted that ‘Julian Assange is free’. Follow today’s news headlines live

‘It’s just a lazy delay’

Bill Shorten says a further delay of the Senate vote on the NDIS bill won’t actually lead to any changes:

There’s no good reason on God’s green earth to have another eight weeks of review, which isn’t actually eight weeks.

There won’t be a whole lot of new submissions come in, there won’t be some brand new arguments not considered.

I’m horrified after 12 months of reviewing the NDIS and then another six months of discussing the review including [in] the last three a Senate committee having public hearings calling for submissions.

The opposition has used words never ever said before by them.

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Supermarkets could face billions in fines for grocery code breaches as Labor commits to reforms

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Government to adopt recommendations of conduct review in full amid consumer and supplier complaints about soaring profits

Labor has promised to legislate massive new fines for breaches of the grocery code of conduct, which would be made mandatory under changes proposed by Craig Emerson’s independent review.

On Monday the Albanese government will announce it is adopting in full the recommendations of Emerson’s report on the code, an interim version of which was released in April amid consumer and supplier complaints about soaring supermarket profits.

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Families set to pocket more than $60 a week from stage-three tax cuts

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Treasury analysis shows ‘mums and dads’ will be among the biggest beneficiaries when 1 July cuts kick in, Jim Chalmers says

Australian families are set to pocket more than $60 a week when the government’s tax cuts kick in from July, according to new analysis from Treasury.

The federal budget’s cost-of-living measures will come into effect on 1 July, including the tax cuts and energy relief for all households and 1m small businesses.

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Virgin Australia plane makes emergency landing – as it happened

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Ex-Liberal staffer Bruce Lehrmann arrives at a Toowoomba court

Bruce Lehrmann arrives at a Toowoomba court for a committal hearing into allegations he raped a woman in 2021.

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New ‘targeted’ search in Samantha Murphy investigation – as it happened

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Sydney’s light rail network disrupted today amid industrial action

A reminder for Sydney commuters that the light rail network will be disrupted today amid planned industrial action.

Recent estimates have Australians consuming around 3,300,000 bags of cocaine per year, with every single one of them bought off the black market. There is no way of knowing whether any of them have been cut with deadly substances like fentanyl or nitazene.

We have to acknowledge that the majority of people who use cocaine do so recreationally and there is absolutely no chance of stopping people using the drug. We therefore need to consider all options to reduce harm, including regulating cocaine in a similar way to how we regulate alcohol.

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Shannon Fentiman referred to Queensland ethics committee over ‘cross your legs’ stoush – as it happened

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Max-Chandler Mather weighs in on Bandt’s potential legal action against attorney-general

Greens MP Max Chandler-Mather spoke to ABC News Breakfast earlier about the ongoing stoush between his party and Labor, with Adam Bandt threatening legal action against the attorney general, Mark Dreyfus, over comments on pro-Palestine protests.

Asking me to comment on the specifics of a case like that – outrageous comments by the attorney general, completely baseless and without fact … this is an attempt to distract from the fact that the Labor government is complicit in a genocide being carried out by Israel in Gaza.

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Politics live: question time claims and counter-claims over Australia’s military ties with Israel

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Going fully electric would save households more than $600 a year for next four decades, report says

Households would save an average of $608 a year for the next 40 years if new residential buildings in New South Wales were required to be fully electric, according to a report commissioned by climate organisation 350 Australia.

It cuts energy bills for local residents and small businesses during a cost of living crisis and reduces climate pollution, at almost no cost to councils. It will be low-income people and renters who will benefit most from council-led electrification.

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Australia politics live: $600,000 speechwriter not responsible for Bill Shorten’s ‘zingers’, Matt Keogh says

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Workplace relations minister Tony Burke has conceded role wouldn’t ordinarily be paid that much. Follow today’s news headlines live

For a bit of a change of pace, you may enjoy this essay from Malcolm Turnbull in Foreign Affairs, where he outlines how he believes world leaders can deal with a second Trump presidency.

Turnbull bases a lot of his arguments on his own dealings with Donald Trump while prime minister. He runs through the infamous refugee deal phone call (the transcript of which was leaked) and the trade back-and-forths over tariffs.

The caricature of Trump as a one-dimensional, irrational monster is so entrenched that many forget that he can be, when it suits him, intelligently transactional. Like most bullies, he will bend others to his will when he can, and when he cannot, he will try to make a deal. But to get to the deal-making stage, Trump’s counterparts have to stand up to the bullying first.

I would certainly like to see the performance lifted. I would like to see better outcomes, particularly for the more vulnerable cohorts.

We also have work going on, in response to a parliamentary inquiry into the employment services system, going on in parallel to overseeing this new system.

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Gina Rinehart retains top spot on rich list as 200 wealthiest Australians see fortunes grow by 11%

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Technology figures including Afterpay founders rise up AFR rich list rankings, reflecting ‘changing nature’ of Australian economy

Australia’s rich have continued to grow their fortunes, with the tech and property sectors creating more of our top earners, according to this year’s Australian Financial Review’s rich list.

Gina Rinehart has kept her top spot for the fifth year in a row on the annual list, which reveals the total wealth of the 200 richest people in Australia increased 11% to $624.9bn, even as the country struggled with high inflation and a cost-of-living crisis.

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Decline of the pre-work coffee: why more Australians are skipping their weekday cafe breakfasts

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Employees are working from home or packing their own lunches when they go to the office – but they’re still spending on weekend brunches

More Australians are skipping their pre-work takeaway coffee and breakfast roll so they can splurge on a meal on the weekend, as the rise of hybrid work and high living costs upend spending habits.

Transactions data from digital payments platform Square shows the number of purchases at food and drink businesses between 7am and 11am on weekdays has dropped to below pre-pandemic levels, led by falls in Melbourne, Sydney and Brisbane.

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Australia news live: Telstra announces 2,800 job cuts; mediation talks in Reynolds and Higgins defamation case

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Liberal senator, and former political staffer expected to attempt again to resolve a pair of high-profile defamation cases. Follow today’s news headlines live

A High Court decision in Britain to allow Julian Assange to appeal his extradition to the US is a “small win” for the WikiLeaks founder but he should be freed now, the union for Australia’s journalists says.

As AAP reports, the Media, Entertainment & Arts Alliance remains concerned there is no certainty an appeal will be successful, which would mean Assange could still be tried for espionage in the US.

Tonight’s decision by the High Court is a small win for Julian Assange and for the cause of media freedom worldwide.

MEAA welcomes the decision of the High Court, but we remain concerned that there is no guarantee of success.

We call on the Australian government to keep up the pressure on the US to drop the charges so Julian Assange can be reunited with his family.

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Guardian Essential poll: $300 energy rebate shouldn’t go to high-income households, voters say

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Poll finds lukewarm response to Labor’s 2024 budget, with only 27% of people thinking it will make a ‘meaningful difference’ to the cost of living

A majority of voters approve of the main measures in Labor’s third budget, although three in five think the Albanese government’s $300 electricity bill rebate should have been better targeted.

Those are the results of the latest Guardian Essential poll of 1,149 voters, which found a lukewarm reaction to the budget overall, with just over a quarter (27%) saying it would make a “meaningful difference” to their cost of living.

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Australian home lenders accused of ignoring mortgage customers in financial distress

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Some borrowers have been abandoned in a cost-of-living crisis and lenders must meet their obligations, the regulator says

Major Australian lenders are not doing enough to support mortgage customers in financial hardship, and in some cases they are ignoring requests for assistance altogether, the corporate regulator has found.

In a major report to be released on Monday, the Australian Securities and Investments Commission (Asic) found that more than one-in-three customers dropped out of a hardship application, a process designed to vary repayments while a borrower gets back on their feet, because of unnecessary barriers.

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