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Secret warning to Jim Chalmers that negative gearing and capital gains tax changes will push up rents and drive down house prices is exposed
Treasury privately warned Australian Treasurer Jim Chalmers that the government’s changes to negative gearing and capital gains tax would push up rents and lower house prices, according to a Cabinet document obtained under freedom of information laws. The warning came ahead of the May budget, in which Labor scrapped negative gearing for new builds and…
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Canada’s retaliatory US tariffs take effect as trade dispute grows
Canada’s retaliatory tariffs on $20bn (£15.8bn) of American goods came into force at 12.01am on Tuesday, marking the culmination of a trade war that has increasingly spilled over into open diplomatic hostility between Donald Trump and Mark Carney. The measures, ranging from 15% to 50%, answered Trump’s own 50% tariff on Canadian goods imposed on…
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Europe’s fighter jet plans are in disarray. What happens next?
Europe’s push to jointly develop next-generation fighter jets has stalled after France and Germany scrapped their Future Combat Air System collaboration in June, undermining hopes—championed by Mario Draghi—that European nations could pool resources on defence rather than duplicating costly programmes. The collapse leaves France pressing ahead alone via Dassault Aviation, while Germany faces uncertainty over…
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Aussie student says he is ‘forced’ to live in car to study, reveals $10 daily food budget: ‘Rent has gone crazy’
A 26-year-old psychology student on Australia’s Gold Coast says he has been forced to live in his car in order to keep studying, after a sharp rent increase left him unable to afford housing on his government support payments. Jadon Lukas moved out of his share house in July after his rent rose by $80…
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AS Fanning picks his six favourite singles from the past six weeks
Dublin-born, Berlin-based songwriter AS Fanning, known for his indie folk and gothic psychedelia sound and for his former band The Last Tycoons, has shared six of his favourite singles released over the past six weeks. The picks offer readers a curated glimpse into the music currently exciting one of alternative music’s more prolific and discerning…
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Report Reveals Disproportionate Distribution of $560 Million Infrastructure Grants to Labor Electorates
An independent Centre for Public Integrity analysis has found that over 73 per cent of Australia’s $560 million Major and Local Community Infrastructure Program was directed to electorates held by the Labor Party, prompt
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King puts Harry and Meghan in their place with bombshell royal letter: Sussexes are still NOT working members of the family after return to Britain, Charles confirms in icily formal letter
King Charles has moved decisively to end speculation about Prince Harry and Meghan’s status following their return to Britain, issuing an unprecedented letter confirming they remain private citizens rather than working royals. The letter, sent to more than 100 senior figures including the UK’s 98 Lord Lieutenants, was written by Lord Chamberlain Lord Benyon on…
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UK moves to sanction Israeli settlements as PM Burnham risks clash with Trump: report
The UK has confirmed it is imposing trade restrictions on Israeli settlements in the West Bank, escalating pressure on Israel under new Prime Minister Andy Burnham and prompting sharp objections from both Israeli and US officials. The measures, expected to be formally unveiled by Foreign Secretary Ed Miliband, include an embargo on goods and some…
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Government scraps council reorganisation plans as ARIA chief quits over Anthropic role
Ministers pause local government reorganisation after fresh legal advice, and Matt Clifford quits as ARIA chair amid conflict-of-interest concerns; abroad, migrants land on a packed Mallorca beach and an Egyptian TV presenter is sentenced to death. Elsewhere, Maryam Moshiri reveals a cancer diagnosis, Thick of It st…