Federal Budget news

Labor-lite budget ticks all the boxes for Turnbull

Malcolm Turnbull: "If we don't sell [coal] to [India], someone else will.''

For students of the politics of economics – my special subject – this clothes-pinching budget has been a feast. Oh no, it's "Labor-lite". Shocking! Actually, it's a budget that ticks all the boxes for Malcolm Turnbull and, by extension, his parliamentary followers – something their silent acquiescence suggests they realise.

'Policy concocted on the run': CBA boss slams bank tax

CBA chief Ian Narev

CBA boss Ian Narev has slammed the government's budget bank levy as an "opportunistic tax grab" and "policy concocted on the run" and warned that the cost would have to be borne by either customers or shareholders.