Gareth Hutchens

Gareth Hutchens

Federal budget 2015: The government's something special may not save Australia

Gareth Hutchens The Abbott government knew it had something special on its hands.

Record slow wages growth casts shadow over federal budget forecasts

Stephen Cauchi and Gareth Hutchens A new piece of negative economic data has already thrown a shadow over the Abbott government's second budget.

Economy

Federal budget 2015: Warning unrealised rosy assumptions could lead to blowout

Treasuer Joe Hockey.

Matthew Knott and Gareth Hutchens The budget deficit will blow out by billions of dollars, ruining the government's plan to return it to surplus by the end of the decade, if the "rosy" predictions for economic growth in the budget...

Comments 1

Economy

Federal budget 2015: Economic outlook good, though forecasts conservative

13bbforecast

Gareth Hutchens Imagine this if you can. Australia's economy is growing at 2.5 per cent today, but in two years its growth rate will supposedly shoot to 3.25 per cent

Comments 1

Tax

Joe Hockey moves to crack down on multinational companies and online GST

Treasurer Joe Hockey announces the new tax measures on Monday.

Mark Kenny and Gareth Hutchens Thirty multinational companies operating in Australia will face tough new tax liabilities after Treasurer Joe Hockey gave the Tax Commissioner more power to claw back potentially billions of dollars...

Federal budget 2015: Treasury officials will not be interrogated at post-budget lunch

Treasurer Joe Hockey and Treasury secretary John Fraser.

Gareth Hutchens Treasury officials will not be interrogated about the Abbott government's much-anticipated second budget this year by Australia's chief economists.

Strong employment growth supports Reserve Bank's view

New figures show Australia's unemployment rate rose slightly in April.

Gareth Hutchens Australia's unemployment rate rose slightly in April to 6.2 per cent, up from 6.1 per cent in March, with jobless rates jumping in Western Australia, South Australia, and Tasmania.

Comments 5

Australia's unemployment rate rises slightly before federal budget

 Pedestrians take cover from the rain on Thursday.

Gareth Hutchens Australia's unemployment rate rose slightly in April to 6.2 per cent, up from 6.1 per cent in March, with jobless rates jumping in Western Australia, South Australia, and Tasmania.

Comments 20

Retail sales edge up 0.3 per cent in March

Food retailing revenue rose 0.4 per cent, the data shows.

Gareth Hutchens Retail sales rose 0.3 per cent in March, slowing from 0.7 per cent growth in February.

Federal budget 2015: Joe Hockey looks on the bright side as Reserve Bank cuts rates

Treasurer Joe Hockey has called on households and business to use debt to fund new opportunities.

Mark Kenny and Gareth Hutchens The Reserve Bank has put fears of an overheated housing market to one side, slashing the cash rate to 2 per cent just one week before the federal budget and citing low investor confidence and a low...

Federal budget 2015: Abbott government cannot afford 'dull' budget says Bill Shorten

Federal Opposition Leader, Bill Shorten, and Member for Kingsford Smith, Matt Thistlethwaite, at the Brien Holden Vision Institute at UNSW, Sydney. 30th April 2015 Photo: Janie Barrett

Gareth Hutchens A former Treasury official believes the Abbott government ought to be "war gaming" a scenario in which it is forced to use its budget to stave off recession.

Comments 112

RBA governor warns retirees in bad position, criticises Australia's banks

Glenn Stevens

Gareth Hutchens and Clancy Yeates Reserve Bank governor Glenn Stevens has warned that people on the verge of retiring are in a "much worse position" than those who retired a decade ago, because global retirement income systems are...

Comments 2

Apple's revenue bite could soon be bigger than Australia

The new names are replacing the old. Apple is the next IBM

Gareth Hutchens Apple's latest financial results show its market capitalisation is worth roughly $980 billion while Australia's economy is worth $1.58 trillion.

Comments 16

RBA governor Glenn Stevens warns of pressures on retirement income system

STEVENS AFR PHOTO BY GLENN HUNT 3rd April 2014.
PROPERTY - Reserve Bank Governor Glenn Stevens addressing the American Chamber of Commerce in Brisbane.

Gareth Hutchens Reserve Bank governor Glenn Stevens has warned that global retirement income systems are under a lot of pressure, and people on the verge of retiring are in a "much worse position" than those who...

Comments 57

Abbott government's budget deficit smaller than expected

Gareth Hutchens The Abbott government's budget bottom line is in slightly better health than expected just weeks away from its second budget.

No evidence of suspicious behaviour before RBA rate announcements, $A moves: RBA

Glenn Stevens says ASIC has been unable to find any evidence of behaviour that could have helped foreign exchange dealers pre-empt the RBA's announcements in February and March.

Gareth Hutchens Reserve Bank governor Glenn Stevens says authorities have found no evidence of suspicious behaviour that could have contributed to sharp movements in Australia's dollar just seconds before the RBA's...

RBA governor Glenn Stevens says Sydney house prices are 'exuberant' but more rate cuts may come

 Reserve Bank Governor Glenn Stevens said governments around the world were putting 'too much weight' on monetary policy.

Gareth Hutchens Reserve Bank governor Glenn Stevens says it is hard to escape the conclusion that Sydney house prices "look rather exuberant" at the moment with "very easy" credit conditions, after prices have...

Comments 111

Apple Australia denies Double Irish with Dutch sandwich tax avoidance

Apple Australia managing director Tony King.

Gareth Hutchens Apple Australia denies tax avoidance but the numbers just don't add up.

Is the ABS unemployment data finally believable?

Economists still expect the unemployment rate will rise again.

Gareth Hutchens Economists have been surprised by today's decline in the unemployment rate to 6.1 per cent, but their surprise hasn't been accompanied by the usual head-scratching.

Comments 5

Jobless rate falls in March, taking pressure off Reserve Bank to cut rates

The drop in the unemployment rate will take pressure off Reserve Bank governor Glenn Stevens.

Mark Mulligan and Gareth Hutchens Australia's unemployment rate has fallen to 6.1 per cent in March, taking pressure off the Reserve Bank to cut interest rates next month.

Comments 12