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Peter Martin

Peter Martin is the Economics Editor for The Age.

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.

Fraser pledges to apply pressure over portability

Peter Martin THE man who will determine how easy it will be to switch from the big banks has signalled he will be formidable in getting answers from the big four, saying he knows how to ''cut through the...

Review to consider allowing portable account numbers


Peter Martin and Eric Johnston BANK account numbers may be made portable between banks after an inquiry by a former Reserve Bank chief.

Swan has no 'silver bullet' for banking reform

The Big Four

Peter Martin and Eric Johnston An inquiry to be headed by former Reserve Bank chief Bernie Fraser heads a package of measures aimed at taking on the big four banks, already derided by one of their competitors as ''not a silver...

NSW sets the pace in jobs growth

Peter Martin ECONOMICS CORRESPONDENT NSW is the engine of employment growth, producing jobs at a far greater rate than any other state or territory and at twice the rate of Western Australia.

Peter Martin

Finding an easier way to cross the road

PETER MARTIN Wayne Swan botched his first attempt to take on the banks and then propped them up and allowed them to swallow competitors during the financial crisis.

Cash rate expected to stay settled for months

Peter Martin THE Reserve Bank has ended its year gently, leaving interest rates on hold and signalling they are likely to stay that way for some time.