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Peter Martin

Peter Martin is the Economics Editor for The Age.

Queen's hat moved ASIC to drop case against Centrebet

Peter Martin THE corporate regulator has regained its sense of humour.

Housing starts up in smoke

Generic Budget family photo

Peter Martin Housing approvals collapse to 10-year low, falling 12 per cent between December and March and sliding 9 per cent in Victoria.

Benefits outweigh tax burden

Tax cuts

Peter Martin SO big is Australia's middle-class welfare system it turns Australia from a high-tax to a low-tax nation when government payments and tax benefits are taken into account.

No 'Yes, Prime Minister' as Wong labours hard for cuts

Peter Martin THE Finance Minister, Penny Wong, says she has prepared a ''Labor budget'' and has at times had to stand up to the Prime Minister to do it.

Nothing Swan can do to stop rate rises

Wayne Swan

Peter Martin THE Reserve Bank will raise interest rates weeks after the budget, regardless of its content. Yesterday the bank said unless it acted swiftly, inflation would climb to the top of its target band and...

Interest rate rises to deliver more pain for home buyers


Peter Martin The Reserve Bank will raise interest rates within weeks of Tuesday's federal budget - regardless of its content.

Spending plunges in wake of disasters

Matthew Hassan.

Peter Martin WESTPAC is forecasting a sharp contraction in the economy in the March quarter - the most severe for 20 years - after much weaker than expected retail spending figures forced it to revise down grim...

Supermarket shopping remains a mixed bag


Peter Martin IF YOU want a handle on the confusing currents and counter-currents driving inflation, go through your grocery cupboard.

Reserve confirms rate rise looming

Governor of the Reserve Bank of Australia Glenn Stevens.

Peter Martin and Eric Johnston THE Reserve Bank believes inflation has bottomed and it will soon have to lift interest rates, possibly even next month.

Treasurer unveils new corporate cops on beat

Wayne Swan and Rod Sims.

Peter Martin THE man in line to succeed Alan Fels and Graeme Samuel as the third head of the Australian Competition and Consumer Commission says he was not looking for a new job until he ran into Wayne Swan at...

Dollar hits a post-float high, breaching US110¢

Saul Eslake.

Peter Martin THE Australian dollar breached US110¢, hitting a new post-float high of US110.20¢ yesterday before news of the death of Osama bin Laden revived the US dollar and pushed the Aussie down to trade...

High dollar weighing on budget forecasts

Rising dollar

Peter Martin Australian dollar breaches US110¢, hitting a post-float high of 110.2¢ mid-yesterday before news of the death of Osama bin Laden revives the US dollar.

Peter Martin

Budget numbers buffeted by dollar's strength, domestic woes

Tullamarine Freeway at peak hour.

Peter Martin - Economics Correspondent If next Tuesday week's budget delivers nothing else, it might get us quieter roads.

Inflation up, dollar follows

Inflation up, dollar up, rates could be next.

Peter Martin Queensland's wild summer weather and soaring global oil prices have helped push Australia's inflation rate to its highest level in more than a decade, sparking talk of interest rate rises and...

Rate fears as cost of living hits new high


Peter Martin THE Queensland floods and cyclone and soaring international oil prices have pushed inflation to a height not topped since the introduction of the GST, sparking talk of interest rate rises and...

Price rises to bring in 'twice the cost' of cyclone

Peter Martin MUCH of the government's pre-budget ''scene-setting'' should be taken with a grain of salt, a leading economic consultancy says, adding the government's financial position is improving by the day.

NSW ranks bottom in economic momentum

Peter Martin NSW trails the nation in the latest Commonwealth Securities' State of the States report - in eighth place behind both Tasmania and Victoria in a league dominated by Western Australia and the ACT.

Peter Martin

Short-term dollardrums but government will win in end

Peter Martin - Economics Correspondent The soaring Australian dollar will hurt Treasurer Wayne Swan before it rewards him.

Floods swamp economic forecasts

Peter Martin RAPIDLY deteriorating budget forecasts show the Australian economy was hit far worse by the January floods and cyclone and the Japanese tsunami and nuclear disaster than previously believed.

Peter Martin

Even treasurers must be careful what they wish for

Peter Martin T he US economist Paul Krugman uses a catchphrase to describe the misfortune that often befalls economic planners that achieve their goals: "No good deed goes unpunished."