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Peter Martin

Peter Martin is the Economics Editor for The Age.

A decade of deficits forecast

Peter Martin Australia faces a decade of budget deficits with the annual total set to pass $60 billion in 2023 unless governments take tough action to "share the pain", an expert panel has warned.

Peter Martin

Rio fails basic maths at the coalface


Peter Martin It would be wrong to claim the judge didn't seriously consider its claims about jobs.


NSW leads way in recovery of construction

An Ombudsman?s inquiry into the Victorian Building Commission found that Peter Brilliant had a questionable financial relationship with businessman Syed Shah.

Peter Martin NSW and Victoria are unexpected bright spots in the country's building landscape. New figures show the value of private non-residential construction in NSW surged 8 per cent in the December quarter...

Peter Martin

Coming after the mining boom: a leap of faith


Peter Martin Why are interest rates still more likely to head down than up? Because it's the Reserve Bank's plan B.


RBA keeps cuts in mind

Glenn Stevens.

Glenda Kwek, Peter Martin The Reserve Bank has continued to keep the door open to a further easing of monetary policy, despite holding the cash rate at 3 per cent for the third straight month, in a move some analysts describe...

Industry warning on tax rises

Tax sign.

Peter Martin, Madeleine Heffernan The government's options for increasing taxes on superannuation are shrinking. The industry has warned that one of the options - a higher tax on funds held by high earners - would be almost...

High earners don't realise own wealth, study finds


Peter Martin Australia's high earners are surprisingly magnanimous when it comes to tax. Many think the rich should pay more. They just don't think that applies to them.

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Study finds widespread ignorance about carbon tax

Inflated petrol prices have no correlation to the carbon tax

Peter Martin Australians are so ignorant about the carbon tax that more than half think it has pushed up the price of petrol.

Jobless to get a third the rise of pensioners


Peter Martin Pensioners are about to get a supersized pay rise while Australians living on Newstart get a comparative pittance.


We're in the money: consumer confidence hits new highs


Peter Martin Six near-consecutive interest rate cuts and a sharemarket that has been climbing since December have broken the back of consumer gloom, propelling confidence to heights not seen for years.


Reserve holds fire as earlier cuts kick in

Glenn Stevens

Clancy Yeates, Glenda Kwek and Peter Martin The Reserve Bank has left the door open to interest rate cuts if the economy weakens.

RBA stays its hand - for now

Glenn Stevens

Clancy Yeates, Glenda Kwek, Peter Martin The Reserve Bank has left the door open to interest rate cuts if the economy weakens, saying the tame outlook for inflation would not stand in the way of further moves to stimulate activity.

Overvalued dollar won't influence RBA on rates


Peter Martin THE Reserve Bank believes the Australian dollar is about 5 cents overvalued, but is considered likely to leave interest rates on hold this month after better than expected news on business investment...

Dollar 5¢ too high, Reserve believes


Peter Martin Reserve Bank believes the Australian dollar is overvalued by about 5¢, but it is considered likely to leave interest rates on hold this month after better than expected news on business investment...

Original mining tax 'would cost billions'

A tipper truck

Peter Martin COLLAPSING commodity prices have hit BHP Billiton and Rio Tinto so badly that if the government had stuck with the original version of its mining tax, it would be up for billions.

Swan critical of currency order

Treasurer Wayne Swan.

Peter Martin Group of Twenty finance ministers have pledged to avoid a global currency war.

Rio paid no mining tax

Rio Tinto Group signage

Paddy Manning, Peter Martin THE resources giant Rio Tinto paid no mining tax last year, but the new Australian chief executive, Sam Walsh, said the company was ''paying our way''.

Peter Martin

Mining tax: how Canberra got diddled

The opposition and the Greens seized on media reports that miners had paid no mining tax in the new levy's first quarter.

Peter Martin When Julia Gillard and Wayne Swan met the heads of the big miners to discuss the tax, the smartest people were kept out of the room.

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Rates on hold but RBA open to future cuts

Peter Martin The Reserve Bank is on standby to cut interest rates once again if the economy falters.

Reserve to take hand off rate tiller for now

Pedestrians walk past the Reserve Bank of Australia

Peter Martin THE Reserve Bank board is set to take a breather on Tuesday after slicing almost $2000 from the annual cost of servicing a typical mortgage over the past year.