Finance News – Budget
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'Awful': Amelia's in an ANU redundancy pool with two close colleagues
The Australian National University plans to reduce its workforce, including several academic and professional employees, as a cost-saving measure aimed at achieving $250 million in...
Read Full Article →Welfare bill climbdown will have ‘a cost’ at budget, says senior minister
The government’s reversal on proposed welfare reforms is expected to impact fiscal planning, with analysts suggesting this shift could increase the probability of tax adjustments i...
Read Full Article →Dow Jones up 300 points as Senate passes Trump’s budget, Tesla drops 8%
The stock market experienced gains following the Senate's approval of the budget proposal, although Tesla shares declined sharply amid ongoing tensions between the company's CEO an...
Read Full Article →How gen Z is rewriting money rules: ‘I thrift, I splurge, I save 25%’
Generation Z employs distinct budgeting strategies influenced by economic pressures, often balancing spending on digital services and essential expenses while prioritizing diverse...
Read Full Article →ACT health levy slashed to $100 as part of budget deal with Greens
Canberra homeowners will experience a reduced health levy of $100, lowered from the initially proposed $250, following budget negotiations between the ACT government and the Greens...
Read Full Article →Jeremy Hunt ‘made mistake’ in taxing non doms
The decision to eliminate the special tax status for non-domiciled residents resulted in increased government revenue by billions, impacting both tax policy and contributions from...
Read Full Article →Beware the doom loop: New bank rules raise debt fears
The proposed easing of capital standards for banks aims to increase government bond purchases, potentially boosting funding for large fiscal plans while raising concerns about incr...
Read Full Article →Keir Starmer admits government has ‘asked a lot’ of business, and defends employment rights bill – b...
The government recognizes the considerable demands placed on businesses amid recent fiscal policies and emphasizes its commitment to economic stability and future-focused investmen...
Read Full Article →Starmer thanks business for shouldering tax burden
Keir Starmer expressed appreciation to UK companies for managing increased financial demands following the substantial rise in employer national insurance contributions introduced...
Read Full Article →'Back to the drawing board': ACT Greens won't support budget's health levy
The rejection of the proposed $250 health levy by the ACT Greens raises uncertainty about the budget’s revenue targets and may necessitate adjustments to funding allocations in hea...
Read Full Article →'Don't cheapen Western Sydney': Advocacy groups slam Metro stations budget
Advocacy groups warn that allocating substantially lower funds per Metro West station compared to central Sydney could impact the quality and long-term value of infrastructure in W...
Read Full Article →NSW opposition leader pledges AI rollout as part of budget response
The proposed financial plan includes affordable loan options aimed at supporting small and medium enterprises in adopting advanced technology to enhance their business processes re...
Read Full Article →'Judas goat': Qld deputy premier slams Labor MPs skipping parliament
The absence of five Queensland Labor MPs during the budget sitting could impact financial discussions and decision-making processes within the parliamentary session.
Read Full Article →Trump to Congress: 'NO ONE GOES ON VACATION' until spending bill passes
The delay in passing the spending bill continues to impact government funding decisions, highlighting challenges in reaching an agreement before the Republicans' July 4 deadline.
Read Full Article →What cost of living crisis? Barr government goes for broke with revenue grab
The recent ACT budget introduces substantial increases in various taxes and fees, reflecting a significant effort to boost government revenue despite current economic challenges fa...
Read Full Article →Borders watchdog casts doubt on Labour pledge to end asylum hotels
The borders watchdog has expressed skepticism about the Labour government’s claim that ending the use of hotels for asylum seekers by 2030 will result in annual savings of approxim...
Read Full Article →Higher tax ‘inevitable’ as PM makes defence spending pledge
Increasing defence expenditure to a larger portion of the country’s economic output is likely to require additional revenue generation through taxation, according to economic analy...
Read Full Article →Germany to boost defence spending at faster rate than France or UK
Germany intends to significantly increase its military budget over the next several years, allocating substantially more funds than neighboring countries to enhance its defense cap...
Read Full Article →Queensland treasurer promises targeted cost-of-living relief in first budget
The upcoming budget will introduce specific measures aimed at easing expenses for residents, reflecting the government's approach to addressing economic challenges within Queenslan...
Read Full Article →Budget reveals WA oil and gas royalties in rapid decline
Revenue from Western Australia's major oil and gas projects has significantly decreased over the past three years, now accounting for a minimal portion of the state’s overall incom...
Read Full Article →The key roadblock to realising a locally made future for WA
Economic analysts recognize the government's forward-looking budget as important for regional development, yet emphasize that limited workforce availability may pose a significant...
Read Full Article →Government borrowing surges in May to fund Labour’s spending
In May, public sector debt increased substantially, reaching one of the highest levels recorded for that month in over three decades, indicating significant government reliance on...
Read Full Article →Reeves may need to raise taxes by £20bn in autumn after UK borrowing rises
The rising government borrowing and a substantial budget shortfall in May have prompted concerns that increased revenue measures might be necessary to manage fiscal targets effecti...
Read Full Article →The WA budget has a clear theme, and it's not cost-of-living relief
The recent budget prioritizes essential services and economic stability measures aimed at protecting Western Australia from international market fluctuations rather than focusing o...
Read Full Article →How bad is the HS2 fiasco now? So bad it's time to listen to Nigel Farage | Simon Jenkins
The ongoing delays and escalating expenses in the high-speed rail initiative have placed significant strain on public funds, raising concerns about the project's overall economic v...
Read Full Article →Funding boost sees NSW biosecurity budget top $1b
The recent increase of $141.2 million in the allocated resources brings New South Wales' expenditure on biosecurity measures to over one billion dollars, reflecting a significant i...
Read Full Article →‘You’ll have to wait and see’: Reeves’ deputy can’t rule out autumn tax rises
The Treasury chief secretary indicated that future fiscal decisions, including potential tax increases in the autumn, will depend on upcoming economic forecasts and will be careful...
Read Full Article →Labour had the chance to finally kill off HS2. Instead, it’s throwing more money into the pit | Simo...
The government has allocated an additional £25 billion in its budget to address ongoing issues with the high-speed rail project, despite its limited mention in official transport p...
Read Full Article →Reeves gambles on ‘renewing Britain’ to win trust of voters and see off Reform
The chancellor’s substantial infrastructure investments aim to secure voter confidence by prioritizing NHS and defence funding, while assuring Labour MPs that the upcoming spending...
Read Full Article →Spending review 2025: winners and losers
The 2025 budget allocation shows a substantial boost for healthcare funding in England, while budgets for internal security and international affairs are reduced when adjusted for...
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