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Australian News Live: Jim Chalmers says Britain’s ‘stable similarities’ benefit everyone.australian news

For everyone’s benefit for stability to return to the UK: Chalmers

Reporter:

Liz Truss He resigned as Prime Minister with the Prime Minister’s mini-budget. What will you present, what will it flow to, and how do you think the market will react to your budget on Tuesday?

Charmers:

I think all our friends in the UK would like to see stability there. We do not comment on the domestic politics of countries with which we have great relationships and friendships, or on the internal intrigues of political parties.

Certainly on a personal level, it’s been very difficult for Liz Truss, and when it comes to recent economic policy, I frankly think it’s a sign of the times in the UK. I have only been treasurer here for five months and already have four British counterparts.

And I think it’s in everyone’s interest, especially for Britain, that there’s something like order and stability in Britain.

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Business groups warn against changes to Labor’s multi-employer deal

Guardian Australia Employers’ associations are concerned, reported yesterday Changes to the Labor Party’s multi-employer bargaining are not limited to low-wage workers.

In today’s joint statement, they warned the Business Council, the Chamber of Commerce and the Australian Industry Group, all of whom saw Labor’s IR bill in confidential talks on Thursday. unemployment, more strikes, and damage to economic security.”

they said:

Businesses are deeply concerned that multi-employer bargaining may be over-extended, jeopardizing the critical focus of encouraging employers and employees to reach agreements at the corporate level. I’m holding A broader system of bargaining by multiple employers must be voluntary and not lead to another layer of inappropriate industry-wide terms.

ACCI Chief Executive Officer, Andrew McKellarSaid:

Whether or not productivity gains materialize, employment and small businesses are at risk when multi-employer bargaining proposals force undesirable conditions in the workplace. Undermining true workplace agreements and expanding the scope of aggressive industrial action is a recipe for disaster as the international situation deteriorates.

Australian Industry Group Chief Executive Officer, Inez Willocks Said:

The current high-risk proposals have unintended consequences that cause great difficulty for businesses, cost jobs and severely damage the economy.

However, the treasurer Jim ChalmersMr Chalmers told reporters in Canberra that Labor wants wages to move “across the economy, starting with the minimum wage”.

He said the government’s policy reflected a desire for “strong but sustainable” wage increases.

For everyone’s benefit for stability to return to the UK: Chalmers

Reporter:

Liz Truss He resigned as Prime Minister with the Prime Minister’s mini-budget. What will you present, what will it flow to, and how do you think the market will react to your budget on Tuesday?

Charmers:

I think all our friends in the UK would like to see stability there. We do not comment on the domestic politics of countries with which we have great relationships and friendships, or on the internal intrigues of political parties.

Certainly on a personal level, it’s been very difficult for Liz Truss, and when it comes to recent economic policy, I frankly think it’s a sign of the times in the UK. I have only been treasurer here for five months and already have four British counterparts.

And I think it’s in everyone’s interest, especially for Britain, that there’s something like order and stability in Britain.

“Inflation fluctuations and detours”: Chalmers

Chalmers concludes the announcement and answers questions from reporters, including questions about inflation.

As for that inflation peak, the more I have to say about it in the next day or two is that there are swings and roundabouts in that inflation number.of A Continuing Major Contributor to Inflation These effects will grow Natural disasters impact with higher electricity bills.

But in a broader sense, what we see in the economy with respect to inflation is that there are several things. fall faster than expected early this year and gasoline One of them.

Hence the swings and roundabouts of the inflation diagram. These natural disasters will have a big impact on inflation, but it will have to be balanced by other pressures, including gasoline, which has fallen a little faster than expected when we last projected inflation mid-year.

Government pledges $3 billion in reserves for disaster response

The meaning of the old adage ‘save for rainy days’ has taken on new meaning for governments. The government has had to provide huge amounts of aid to flood-affected communities across the eastern states over the past 12 months.

Treasurers say the government is now setting aside an additional $3 billion in reserves for disaster response.

Charmers:

Reserve $3 billion in additional federal spending for disaster response, remembering that about $1.5 billion, or most of it, has already been spent paying people affected by previous floods and disasters I paid for it.

Additional funds from the Contingency Reserve will be used for government payments and other types of assistance. Whether that $3 billion is enough remains to be seen, but the government’s bill for what we’re seeing in these flood-affected communities is substantial.

As I said, this is only a first estimate that the cost could be much higher, but The costs of responding to natural disasters and building economic resilience are central to the budget I will distribute next Tuesday night.

I value what is right and what is responsible. We certainly won’t turn our backs on…the severe flood-affected communities doing it.

Fruit and vegetable prices will rise 8% due to floods, accountant says

Charmers The Treasury said how it expects agricultural products (and thus supermarket bills) to be affected by flooding:

They said that the flood would reduce the prices of fruits and vegetables, for example 8% higher than others The next two quarters, the last quarter of the year and the first quarter of the next year, are based on the impact of previous floods on some of the major farmlands.

What you need to remember here is that we are talking about some of the best producing regions in the world, producing many food products not only for domestic consumption but also for export.

And I think it’s especially cruel what’s going on here in these areas.

Floods will impact next quarter’s GDP growth: Treasurer

Treasurer, Jim Chalmershas stepped up to speak in Canberra to provide details on how the impact of flooding will be taken into account in the upcoming budget.

We focus most on the human costs of these natural disasters, but they are also applicable to economic and budgetary living costs.

It’s too early to put a very precise price tag on the floods we’re seeing in large parts of Australia, but we know the economic and budget implications.

The Treasury Department’s current assessment is that these floods Cut December quarter GDP growth by a quarter of a percentage pointIt is expected to recover in the next two quarters. Their estimate is that he will add 0.1 percentage points to inflation in the December 2022 and March 2023 quarters.

Toddler taken to hospital after car crashed into child care center in Melbourne

A toddler and three adults were taken to hospital after a car crashed into a day care center in north Melbourne. AAP report.

the car broke through the windshield broad meadows I went inside the building around 9am this morning.

A police spokesperson said a young child who was inside at the time was lucky to escape serious injury and was taken to a hospital for observation.

As a precaution, three adults were taken to hospital.

Police say a woman was trying to park her car when the accident occurred.

After the crash, debris was scattered across the shopping district.

Flash Flood Hazards in ACT

Severe storms can occur in the ACT, including Canberra. The Bureau of Meteorology has warned that heavy rains could cause flash flooding in the capital.

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Victorian government pledges more training for renewable energy sector

The Andrews government will pour $6 million through a new purpose-built center to train workers in Victoria’s offshore wind sector if it is reelected in next month’s state elections.

The wind training center will be based in Melbourne and the government will also ask for a review of the sector’s regulatory requirements to improve worker safety.

In March, the government announced a goal for Australia’s first offshore wind farm to generate enough energy to power 1.5 million homes by 2032.

Aid sector welcomes Pacific commitment in budget

The Australian Council for International Development (ACFID) said it “warmly” welcomed the government’s announcement of an additional $375 million for aid and development to Pacific countries.

In the wake of the Covid-19 pandemic and as climate change events accelerate, ACFID has called for increased support to meet the growing needs of developing countries, especially those in the region.

Chief Executive Officer of the Council, Mark PurcellSaid:

As the pandemic set back human development, Australia needs to provide more support.Increasing ODA in Times of Difficult Economic and Geostrategic Times [Overseas Development Assistance] It is important.

The needs of regional partners are clear. Investing in strengthening health systems, climate change adaptation, gender equality, economic livelihoods and social protection.

The aid budget is approximately $4.5 billion annually, equivalent to 0.20% of Australia’s Gross National Income. The OECD average is 0.33% for him.

ACFID has been concerned about the prospect of temporary, targeted and supplemental measures ending in the next two years that would result in a loss of $460 million in the ODA budget. Purcell said:

A new fund will address this decline.

Comedy Wildlife Photo Finalist

If you need a little Friday diversion, we highly recommend taking a look at these Comedy Wildlife Photo Finalists.

Featuring cheeky salmon and gentoo penguins, headless penguins and winged antelope optical illusions, and some of Australia’s native animals.

Two Gentoo penguins on the beach - one seen from behind and one from the front, pointing its fins at the other penguin.
Talking Fins: Two gentoo penguins relax on a beach in the Falkland Islands. Photo: Jennifer Hadley/Jennifer Hadley/Comedywildlifephoto.com



https://www.theguardian.com/australia-news/live/2022/oct/21/australia-news-live-updates-eastern-states-brace-for-more-rain-floods-victoria-weather-politics-labor-plans-pacific-aid-boost-liz-truss Australian News Live: Jim Chalmers says Britain’s ‘stable similarities’ benefit everyone.australian news

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