Commonwealth Bank forecasts massive interest rate cuts for Australians: Here’s when the country’s biggest bank predicts they will begin

Commonwealth Bank forecasts massive interest rate cuts for Australians: Here’s when the country’s biggest bank predicts they will begin

The Commonwealth Bank is now forecasting six interest rate cuts in 2024 and 2025 – starting in September next year as Australian inflation moderates faster than predicted. Stephen Halmarick, the chief economist of Australia’s biggest home lender, is expecting 0.75 percentage points of rate cuts in 2024 followed by another 0.75 percentage points of easing … Read more

Washington Post journalists strike seeking rises ‘that keep pace with record-level inflation’ while paper CELEBRATES ‘miracle year’ for Biden economy

Washington Post journalists strike seeking rises ‘that keep pace with record-level inflation’ while paper CELEBRATES ‘miracle year’ for Biden economy

Washington Post staffers walked off the job last week to protest their salaries failing to keep up with record inflation – despite the outlet repeatedly celebrating President Biden’s ‘miracle’ economy.  The strike on December 7 came after 18-months of negotiations failed to deliver a ‘living wage’ in that keeps pace with soaring prices, the paper’s … Read more

More Tube strikes could be held in New Year as staff ‘are split over whether to accept a 5% pay rise’

More Tube strikes could be held in New Year as staff ‘are split over whether to accept a 5% pay rise’

Fresh walkouts could take place next month as RMT Union may reject pay deal By Ryan Prosser Published: 19:47 GMT, 15 December 2023 | Updated: 19:48 GMT, 15 December 2023 Fresh Tube strikes could take place next month as staff are ‘split’ over whether to accept a five per cent pay rise. Tube drivers could … Read more

BBC’s Question of Sport staff are ‘gutted’ as bosses AXE long-running quiz show after viewing figures plunged amid fury over sacking of Sue Barker

BBC’s Question of Sport staff are ‘gutted’ as bosses AXE long-running quiz show after viewing figures plunged amid fury over sacking of Sue Barker

Question of Sport staff and presenters were left ‘gutted’ last night after the BBC dramatically announced it would be axing the long-running programme.  Making the shock announcement, the Corporation blamed inflation and dwindling ratings as the long-running sports quiz show that spanned more than 1,300 episodes was cancelled. The decision to halt production comes after long-running … Read more

Anthony Albanese is called out over his holiday to a West Australian winery with Jodie Haydon where he had a glass from a $500 bottle of red amid cost of living crisis

Anthony Albanese is called out over his holiday to a West Australian winery with Jodie Haydon where he had a glass from a $500 bottle of red amid cost of living crisis

By Ashley Nickel For Daily Mail Australia Published: 14:31 GMT, 15 December 2023 | Updated: 14:59 GMT, 15 December 2023 Anthony Albanese has been called out for drinking a glass of $500 red wine at a West Australian vineyard while many Aussies struggle to enjoy Christmas amid the cost-of-living crisis. The Prime Minister enjoyed some downtime … Read more

Labour denies claim it is planning another windfall tax to pay for its £28billion green spending spree if it wins the next election

Labour denies claim it is planning another windfall tax to pay for its £28billion green spending spree if it wins the next election

By David Wilcock, Deputy Political Editor For Mailonline Published: 14:06 GMT, 15 December 2023 | Updated: 00:36 GMT, 16 December 2023 Labour today denied claims it is will introduce a new windfall tax to fund its green spending plans if it wins the next election.  Reports suggested that the party was looking at another punitive … Read more

MORE good news for homebuyers! Mortgage rates drop below 7% for the first time since early August (and sellers are cutting asking prices too)

MORE good news for homebuyers! Mortgage rates drop below 7% for the first time since early August (and sellers are cutting asking prices too)

By Helena Kelly Assistant Consumer Editor For Dailymail.Com Updated: 22:17 GMT, 14 December 2023 Mortgage rates have fallen below 7 percent for the first time since early August in a welcome boost for homebuyers.  The average rate on a 30-year fixed mortgage is now 6.95 percent, down from 7.03 percent last week, according to figures … Read more

BBC AXES A Question of Sport after more than 50 years: Bosses blames ‘inflation’ for decision to scrap long-running quiz show – after sparking fury by sacking Sue Barker

BBC AXES A Question of Sport after more than 50 years: Bosses blames ‘inflation’ for decision to scrap long-running quiz show – after sparking fury by sacking Sue Barker

A Question of Sport has been axed by the BBC after running for more than 50 years, the corporation revealed tonight.  Making the shock announcement, bosses blamed inflation and dwindling ratings for the cut of the long-running sports quiz show that spanned more than 1300 episodes. The decision to halt production comes after the Beeb sacked … Read more

Major change coming to car tax in Australia – here’s what it means for drivers

Major change coming to car tax in Australia – here’s what it means for drivers

SUV and hybrid buyers are getting stung with a 33 per cent luxury car tax under a change by Treasurer Jim Chalmers – but EV drivers will get off scot-free. Cars selling for between $76,950 and $89,332 will attract the luxury car tax unless the vehicle used less than 3.5 litres for every 100km, Treasury … Read more

Why Jim Chalmers can’t stop smiling about his Budget update because of an ‘invisible’ cost YOU are getting stung with – and it’s not interest rates

Why Jim Chalmers can’t stop smiling about his Budget update because of an ‘invisible’ cost YOU are getting stung with – and it’s not interest rates

Labor is close to delivering its first consecutive Budget surpluses since the late 1980s – thanks to the axing of tax relief during a cost of living crisis. Treasurer Jim Chalmers has revealed the federal Budget deficit forecast for this financial year has been slashed to just $1.1billion. ‘We are not yet forecasting a second surplus … Read more