David Uren
The Australian
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Past articles by David:
Reserve Bank again keeps rates on hold at 1.5pc
The Reserve Bank has extended its rate freeze for a 27th consecutive month, with Governor Philip Lowe betting the record low 1.5 per cent benchmark cash rate is supporting a return to sustainable growth and inflation. → Read More
Wages rising faster than living costs, Melbourne Institute professor Mark Wooden says.
Wages have far outstripped increased living costs over the past decade, rising 31 per cent against a 22 per cent lift in inflation, delivering real gains in living standards. → Read More
Banks can handle home price fall, says Glenn Stevens
Household debt is a record 125 per cent of GDP — more than almost any other advanced country — but Reserve Bank governor Glenn Stevens is confident Australia’s banks would survive a large fall in house prices. → Read More
Be wary on foreign funds, says RBA’s Glenn Stevens
Glenn Stevens has weighed into the foreign investment debate, saying Australia should do more to attract the flow of funds that builds new businesses but be more cautious about foreigners simply purchasing existing Australian assets. → Read More
Federal election 2016: PM bolstered by $160bn reform promise
Malcolm Turnbull has gained an economic edge over Bill Shorten in the marathon campaign to the July 2 election as expert analysis highlights a $160 billion boost to the nation from the reform agenda at the heart of the Prime Minister’s pitch to voters. → Read More
Super contribution caps ‘costly’
Caps on super contributions could cost us billions: Greens research → Read More
G20 growth targets achievable, IMF, OECD estimates show
THE G20 member nations would achieve between 1.5 per cent and 1.9 per cent more growth over the next five years if they implemented all the structural reforms to which they have committed, according to the IMF and the OECD. → Read More
Commit to growth target, G20 told
AUSTRALIANS must embrace a new wave of reform to act on plans at this weekend’s G20 summit to add $2 trillion to the global economy, as one of the meeting’s key leaders urges nations to “give it everything you’ve got” to hit the target. → Read More
Income growth slowdown puts pressure on deficit
THE government is bracing for another blowout in the budget deficit as the national accounts show income growth has slowed to a standstill. → Read More
Revealed: the $22bn cost of fast TV, web browsing on NBN
THE former Labor government’s decision to pursue a fibre-to-the-home, super-fast, broadband network would have a net cost to taxpayers of $22.2 billion, but the Coalition’s model still leaves them paying billions to deliver access to the bush and urban fringes, a landmark cost-benefit analysis reveals. → Read More
Super-fast net little value to business
HOUSEHOLDS downloading TV shows will be the big winners from fast broadband, with businesses and public services such as remote health gaining little additional value from the NBN. → Read More
Revealed: the $22bn cost of fast TV, web browsing on NBN
THE former Labor government’s decision to pursue a fibre-to-the-home, super-fast, broadband network would have a net cost to taxpayers of $22.2 billion, but the Coalition’s model still leaves them paying billions to deliver access to the bush and urban fringes, a landmark cost-benefit analysis reveals. → Read More
Beyond the boom: are we chasing the dragon’s tail?
A NERVOUSNESS about the outlook for China infects the economic debate in Australia. The confidence in official circles that the Chinese authorities will succeed in reaching their 7.5 per cent growth target this year contrasts with the experience in the West where governments have very little apparent ability to dictate growth rates. → Read More
Rules ‘discourage’ foreign buyers
THE nation’s foreign-investment rules are among the most restrictive in the world, shielding local business from competition while choking off access to much-needed international capital. → Read More
Benefits of boom shared, says HILDA report
AUSTRALIA has enjoyed a decade of remarkable prosperity that has halved poverty rates, brought much greater self-reliance and reduced dependence on government welfare, particularly among the aged and those on lower incomes. → Read More
Tony Abbott urged to cut funding drip to states
TREASURY chief Martin Parkinson has backed the Abbott government’s tough budget stance on the states, saying they have relied for too long on the commonwealth as an easy touch and will be forced to take greater responsibility for their own affairs, possibly including an extension of payroll taxes. → Read More
Joe Hockey’s pain to deliver ‘growth dividend’
JOE Hockey will reveal a “growth dividend” in tomorrow’s budget to assure voters that painful cuts will one day boost the economy and expand revenue. → Read More
Cuts to $10bn business welfare
CORPORATE welfare will be slashed in a bid to wean the nation off $10 billion in business aid, as the Abbott government fights off fears it will slap new taxes on families without forcing others to shoulder some of the budget burden. → Read More
Joe Hockey to swing axe on public sector
MORE than 200 spending programs will be slashed in next week’s federal budget as Joe Hockey vows to shrink the size of government in a “big, structural change” to save billions <span> of dollars</span>. → Read More
Commission of Audit says it’s time for government to shrink
THE size and scope of government has been growing for 60 years, but the Commission of Audit has declared it is time to call enough. → Read More