Sky News Political Editor Andrew Clennell says higher unemployment was predicted but the “greatest economic fear” over the next year must be stagflation.
Unemployment rose from 3.5 to 3.7 per cent a day after the wages figures were released, showing they are also up.
The ACTU wants a wage increase of seven per cent while the Australian Chamber of Commerce and Industry wants 3.5 per cent, according to Mr Clennell.Read More
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‘Devastatingly sad’ issue surfaces at King’s coronationRoyal commentator Kinsey Schofield has discussed what she felt was 'devastatingly sad' to come from King Charles III's coronation regarding Prince William and Prince Harry. Ms Schofield spoke to Sky News Australia about the king's coronation and also the lack of interaction seen between brothers Prince William and Prince Harry. 'You saw as you watched the coronation how carefully choreographed everything was, from entrances to exits ... palace staff wanted to make sure that there were no run-ins – not even any possibility for eye contact,' Ms Schofield said. 'You did see that palace staff went out of their way to carefully choreograph there being no instances, no run-ins and no, really, picture opportunities for William and Harry. 'And I think it's devastatingly sad.'
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There’s a ‘clear split’ in the Labor PartyOpposition Leader Peter Dutton says there’s a “clear split” in the Labor Party. Mr Dutton’s remarks come after Prime Minister Anthony Albanese ruled out changes to Labor’s negative gearing policy. 'You’ve had multiple statements by Jim Chalmers, the Treasurer, saying that tax reform is worth nothing unless it includes changes to capital gains and to negative gearing,' Mr Dutton told Sky News Australia. “Now what he says changes – he means an increase in tax or abolition of any tax arrangements that might confer on someone.”
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Albanese government delivered a ‘where’s the beef kind of budget’RedBridge Group Director Simon Welsh says he would liken the government’s budget to a “where’s the beef kind of budget”. “People were expecting and hoping for – and that word hope is important – some big ticket items around housing, some big ticket items around cost of living, some big ticket items around wages,” Mr Welsh told Sky News Australia.
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‘It’s not you, it’s me’: President Biden’s cancelled Australia visitSky News US Contributor Michael Ware says US President Biden's decision not to visit Australia should be viewed more as a reflection of America's internal politics rather than a commentary on its relationship with Australia or PNG. 'It's not you, it's me,' Mr Ware told Sky News Australia. “As we know, the debt ceiling crisis is ever looming. “As the Republican Leader of the House said earlier, today or yesterday, we have 16 days of negotiations, the President is going to be overseas for eight of them, the American public wants him here focusing on America.”
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