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Peter Martin

Peter Martin is the Economics Editor for The Age.

Don't panic if the unemployment rate hits 6.5 per cent

Peter Martin Prepare to be shocked. On Thursday the Bureau of Statistics is likely to tell us that the unemployment rate has scaled new heights, climbing from 6.3 per cent to as much as 6.5 per cent.

Abbott government plan to make young unemployed wait for dole blocked in the Senate

If unemployment hits 6.5% today, it will mark a 13-year high.

Peter Martin A surprise Senate defeat will allow young Australians to continue to claim Newstart within days of losing work, after the Greens, Labor and most independents united to block a bill that would have...

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Coalition auditor for 2013 election costings breached standards

The simple sums on the car industry make this Joe Hockey decision look suspect at best, and bloody-minded 
at worst.

Peter Martin Two years on from the Coalition's 2013 election victory, one of the three experts who "independently verified" its campaign costings has been found guilty of breaching auditing standards.

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GDP: The twin peaks that show our economy no longer riding high

Peter Martin dinkus

Peter Martin The Twin Peaks that reveal why Australia's economy is struggling.

A 60 cent Australian dollar. Why it's just what we need.

moneypenny000731 pic by Tanya Lake first use  AFR
 generic money counting red nails women cash ten dollars $10 Australian currency Banjo Patterson


Peter Martin The Australian dollar has dipped below 70 US cents twice in the last two days. Next time, it's set to stay below 70 and keep falling.

Medibank and Calvary resolve health insurance dispute at 11th hour

Calvary and Medibank have settled their dispute but neither party will reveal the terms of the new agreement.

Peter Martin, John Thistleton Customers of Medibank Private will be free to use hospitals run by Calvary Health Care after agreement over a new contract

National Reform Summit: Recession wake-up call from ex-Treasury head Martin Parkinson

Former Treasury head Martin Parkinson warned that Australia could sacrifice as much as 5 per cent of the economy in missed economic growth.

Mark Kenny, Peter Martin A former Treasury head has told a historic coalition of business, unions and welfare lobbyists that the equivalent of a recession is looming in the next decade unless Australia boosts productivity.

National Reform Summit: We are 'sleepwalking into a real mess', says ex-Treasury boss Martin Parkinson

Former Treasury head Martin Parkinson:

Peter Martin Australians are "sleepwalking into a real mess", facing the equivalent of a recession in the next ten years as income growth looking far lower than officially forecast, the National Reform Summit has...

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Joe Hockey offers the tax cuts we neither need nor can afford

Peter Martin Why pick now, of all times, to cut income tax? Bracket creep - Joe Hockey's stated reason for wanting to cut rates - is at a record low.

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GST to apply to all imports into Australia from July 2017

The GST will apply to all products and services sold by vendors overseas into Australia from July 2017.

Peter Martin and Gareth Hutchens State and territory treasurers have agreed to apply the GST to offshore sales into the Australian market.

Treasurers' tax summit set to impose GST on all online imports

Treasurers are set to approve subjecting all imported parcels to the GST.

Peter Martin State and Commonwealth treasurers meeting in Canberra are set to agree on a zero tax threshold for online purchases, a move that would subject all imported parcels to goods and services tax.

Treasurers' tax summit: Victoria wants a bigger Medicare levy, NSW wants a bigger GST

Victorian Treasurer Tim Pallas says that after compensation a proposed increase in the GST from 10 to 15 per cent would raise very little for states.

Peter Martin NSW and Victoria are at loggerheads going into Friday's tax reform meeting, with NSW wanting an increase in the GST, while Victoria wants a higher Medicare Levy.

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Productivity Commission to look at intellectual property reform

Treasurer Joe Hockey has asked the Productivity Commission to examine Australia's intellectual property system.

Peter Martin Australia's last unexamined monopolies are about to face public scrutiny.

Andrew Robb: It's crunch time for the Trans-Pacific Partnership

Trade Minister Andrew Robb speaks to the National Press Club in Canberra on Wednesday.

Peter Martin The giant Trans-Pacific Partnership trade deal could be signed within days according to Australia's Trade Minister Andrew Robb. But he says if it's not, "the chances are it will fall apart".

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Wage Price Index: Pay growth hits record low, but prices are weak too


Peter Martin It might not be the best time to ask for a pay rise. Wage growth has slumped to a record low. New figures from the Bureau of Statistics show wages grew by just 2.

Labor hardens its stance on China-Australia Free Trade Agreement

Labor's trade spokeswoman Penny Wong called on Trade Minister Andrew Robb to work with the opposition to ensure the deal serves the national interest.

Peter Martin Labor has opened the door to voting down the China Australia Free Trade Agreement saying it isn't satisfied it will protect Australian jobs.

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Census 2016 to be $100 million cheaper and all digital, on August 9

Census thumb

Peter Martin The census is back by popular demand, and it happens a year from tonight.

Reserve Bank forecasts fall in unemployment

Treasury secretary John Fraser.

Peter Martin The Reserve Bank has dramatically scaled down its forecast for unemployment, predicting the rate will quickly fall from the present 6.

Employment figures: Jobless rate rises, but more get work

Treasurer Joe Hockey says of the economy's growth rate, 'I think we can get back up to 3.25 per cent, 3.5 per cent.'

Peter Martin Australians face their best chance of finding work since the election of the Abbott government in 2013 following a pickup in the jobs market.

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Cut negative gearing, trim capital gains tax concession and save $9 billion, Parliamentary Budget Office says

Negative gearing and capital gains tax have been examined in a Parliamentary Budget Office inquiry.

Peter Martin Limiting negative gearing to new properties and cutting the discount on capital gains tax would save the budget $9 billion over four years, the Parliamentary Budget Office has found.

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