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politics1d ago
Australia news live: Jim Chalmers promises more tax reform in budget as war threatens to send inflation past 5%
Theguardian.com and 1 more
- Cyclone Narelle is intensifying and approaching northeast Queensland, signaling a potential severe impact around Friday for communities from Lockhart River to Cooktown.
- Authorities are planning evacuations near the cyclone's landfall zone to shield residents from debris and roof damage as Narelle tracks toward Coen, north of Cairns.
- Fertiliser supply and price protection are under government watch amid Middle East tensions, with officials monitoring for price gouging as global markets react.
- Treasurer Jim Chalmers plans ambitious reform packages in the May budget to rebuild fiscal buffers, make the tax system fairer, and lift productivity.
- Australia joined an emergency declaration condemning Iran's attacks on seafarers, illustrating heightened regional tensions amid broader security concerns.
- Analysts anticipate a third RBA rate rise in May as inflation remains a concern amid the energy shock from global events.
- Chalmers signals that reforms will unlock investment, streamline regulation, and leverage AI to boost productivity and focus on intergenerational fairness.
- Fuel supply concerns are linked to the Middle East conflict and rising oil prices, prompting calls to act in the national interest along the supply chain.
- Live blog updates track Cyclone Narelle's path with official track maps from meteorology authorities to inform the public.
- The reference coverage from Daily Mail focuses on inflation blame toward Jim Chalmers, portraying May budget as pivotal in reform and cost-of-living debates.
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