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Peter Martin

Peter Martin is the Economics Editor for The Age.

Rates may hold for year: Reserve chief

Peter Martin THE governor of the Reserve Bank, Glenn Stevens, has moved to end the monthly round of speculation about higher interest rates, taking the unusual step of declaring he has no plans to lift them,...

Teenagers miss out on booming job market

Peter Martin AWAY from Queensland the jobs market is booming, unless you are young.

Peter Martin

Opposition needs to receive fair, independent advice for proper budget scrutiny

Peter Martin Tony Abbott would make an awful chief executive officer. If he put before a board the "budget cuts" he put before the public yesterday it would throw them back in his face.

Retailers buffeted by sales slump

Peter Martin Cautious consumers, apparently untempted by price cuts, delivered a financial blow to the nation's retail sector in the final months of 2010.

Shoppers turn frugal, alarming retailers

Peter Martin CAUTIOUS, austere consumers have replaced shopaholics, driving down seasonally adjusted spending for the first December quarter on record.

Small end of town less confident than big business

Peter Martin A SHARP divide is emerging over economic conditions, with new surveys showing small businesses increasingly negative and big businesses overwhelmingly positive.

It will tickle the pay packet, but it sure won't hurt

Peter Martin JULIA GILLARD'S much-hyped levy will not do much harm and will not raise much money.

First cut is the greenest for flood surgery

Peter Martin ECONOMICS CORRESPONDENT THE Prime Minister, Julia Gillard, has taken an axe to billions in spending championed by her predecessor, Kevin Rudd.

Migration cuts will hurt, says Access

Peter Martin AS HARD as the floods will hit the economy, Access Economics expects new migration rules to do worse.

Peter Martin

Swan takes levy of his commonsense

Wayne Swan

Peter Martin Hands up everyone who knows the difference between a good levy and a bad levy? Hands down Wayne.

Floods wash away consumer confidence

Peter Martin and Clancy Yeates THE Queensland floods have knocked the stuffing out of consumer confidence, obliterating the usual post-Christmas bounce and pointing to fragile spending as authorities attempt to come to grips with...

Reserve director and critic should stay, Swan told

Peter Martin ECONOMICS CORRESPONDENT FINANCIAL market economists are warning of a backlash if the federal Treasurer, Wayne Swan, uses an upcoming vacancy on the Reserve Bank board to remove one of his most persistent critics.

Adult men the big winners as jobless rate falls below 5%

Peter Martin ECONOMICS CORRESPONDENT AUSTRALIA'S unemployment rate has a ''4'' in front of it for the first time since the economic crisis took hold.

Job vacancies soar as mining digs into unemployment figures

Peter Martin UNEMPLOYMENT is losing its sting. The latest job vacancy survey shows more jobs on offer than ever before.

Economy could face $13 billion hit


Peter Martin RBA board member Warwick McKibbin fears the floods could shave up to 1 percentage point off GDP growth, the largest estimate yet for the potential damage.

Gillard unmoved by online tax push


Ben Butler and Peter Martin THE Prime Minister, Julia Gillard, has all but killed big retail's campaign to impose GST on online purchases from overseas.

Fraud is a cinch - just ask your bank

Online fraud

Peter Martin WANT to access someone else's financial transaction records? Their bank might be the best place to start.

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PM doesn't buy push to expand online GST

Ben Butler and Peter Martin Julia Gillard has all but killed the retailers' campaign to impose GST on online purchases from overseas.

A Christmas turkey, with retailers fighting for the wishbone


Peter Martin NO WONDER shopkeepers can't figure us out. The latest consumer confidence survey shows we are going into Christmas more convinced than in years that ''now is the right time to buy a major household...

Bank super profits tax more popular than one on miners

Banks, Westpac, CBA, ANZ, NAB

Peter Martin ECONOMICS CORRESPONDENT AN OVERWHELMING majority of people believe there is a case for banks to be subject to a super profits tax of the kind to be applied to mining companies.