11 min listen
'Highway to hell': Labor's first budget
FromABC News Daily
ratings:
Length:
13 minutes
Released:
Oct 25, 2022
Format:
Podcast episode
Description
Surging inflation, rising unemployment and a debt mountain that's becoming more expensive with each passing month: the first Labor budget in a decade is a bracing read.
Seven months ago, the Treasurer Jim Chalmers' predecessor was promising everyone would be a winner.
So what changed?
Today, the ABC's business editor, Ian Verrender, on the treacherous landscape ahead for Australian households.
Featured:
Ian Verrender, ABC business editor
Seven months ago, the Treasurer Jim Chalmers' predecessor was promising everyone would be a winner.
So what changed?
Today, the ABC's business editor, Ian Verrender, on the treacherous landscape ahead for Australian households.
Featured:
Ian Verrender, ABC business editor
Released:
Oct 25, 2022
Format:
Podcast episode
Titles in the series (100)
Alan Kohler on why the RBA needs a shake-up: The Reserve Bank governor, Philip Lowe, once suggested interest rates wouldn't rise until 2024, but already this year, they've gone up three times. We're being warned there could be far worse still to come, which will only add to the financial pain millions of Australians are facing. Now, the Government's holding a review of the bank, which the Treasurer Jim Chalmers says will dig into just how well the RBA is serving us. Today, Alan Kohler, on the shake-up he says the bank needs. Featured: Alan Kohler, ABC news finance analyst by ABC News Daily