Articles from MacroBusiness

From Martin North today: The latest edition of the DFA Household Financial Confidence Index to end July 2018 remains in below average territory, coming in at 89.6, compared with 89.7 last month.  We had expected a bounce this month, in fact the rate of decline did slow, thanks to small pay rises for some in the

The post Aussie household financial confidence erodes further appeared first on MacroBusiness.

By Leith van Onselen With Australia’s Senate all but certain to defeat the Turnbull Government’s Bill to lower the tax rate for all companies with turnovers above $50 million by 2026-27, Bluescope chief Mark Vassella has called on the Government to allow companies to write-off new investments. From The AFR: Speaking on ABC radio, Mr

The post As company tax cuts face defeat, business pivots to Labor appeared first on MacroBusiness.

Via Bill Evans: The consumer mood deteriorated in August, giving back about half of the surprisingly strong gains seen in June and July. Those gains look to have been partly a positive response to the tax cuts announced in the May Budget, which passed into legislation in June, the first round of cuts coming into

The post Westpac consumer sentiment reverses appeared first on MacroBusiness.

Via the AFR today: The scale of NAB’s inability to report licence breaches on time has been revealed in a document published by the Hayne royal commission which shows the bank breaking conditions of its licence at the alarming rate of around once every week between 2014 and 2017. Of the 297 breaches the bank

The post Ken Henry should resign appeared first on MacroBusiness.

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