Joe Hockey Speech To Lowy Institute: “The Age Of Personal And Corporate Responsibility Has Begun”

Federal Treasurer Joe Hockey has delivered a speech in which he says the age of personal and corporate responsibility has begun.

Hockey

Addressing the Lowy Institute in Sydney, Hockey said: “Individuals must do more for themselves, they must become more self-reliant. And the business sector must shoulder more of the burden. It must restore corporate accountability, and rely less on government assistance. It must stand on its own feet, and it must pay its fair share of tax.” [Read more…]


The Task Ahead: Joe Hockey Speech To Centre For Independent Studies

The Treasurer, Joe Hockey, has addressed the Centre for Independent Studies on the economic challenges ahead of the new Coalition government.

“We are cleaning up the mess we inherited,” Hockey told his audience.

Hockey [Read more…]


Bowen And Hockey Debate The Economy At National Press Club

Treasurer Chris Bowen and Shadow Treasurer Joe Hockey have debated the economy at the National Press Club today.

With just ten days until the September 7 election, Bowen and Hockey traversed much-travelled ground on the budget deficit, the national debt and the Opposition’s policy costings.

  • Listen to the Bowen-Hockey debate (59m)

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Bowen And Hockey Spar Over Interest Rate Decision

The Treasurer, Chris Bowen, has defended today’s interest rate decision by the Reserve Bank, whilst the shadow Treasurer, Joe Hockey, says the economy is weakening.

At a press conference following the Bank’s decision to cut the cash rate by 25 basis points to 2.5%, Bowen said lower interest rates contributed to lower living costs for Australians, particularly in housing. [Read more…]


Government Releases Updated Economic Outlook; Deficit Up, Growth Slows, $17bn Of Budget Cuts

The Rudd government has released an updated economic outlook statement that shows this year’s budget deficit blowing out to $30.1 billion.

Treasurer Chris Bowen and Finance Minister Senator Penny Wong have announced $17 billion of budget cuts aimed at producing a surplus of $4 billion in 2016-17. [Read more…]


Kevin Rudd’s National Press Club Address: The Australian Economy In Transition

Prime Minister Kevin Rudd addressed the National Press Club in Canberra today.

Rudd’s speech centred on depicting the Australian economy as strong and its difficulties as small by comparison with the rest of the world.

He reiterated his previous statements that the China boom is over and emphasised the economy’s transition to a new investment phase. He argued that ongoing productivity improvement is vital and attacked the negativity of Opposition Leader Tony Abbott. [Read more…]


Reserve Bank Cuts Interest Rates By One Percent

The Reserve Bank of Australia has confounded economic pundits by announcing a cut of one full percentage point in interest rates.

The cash rate has been cut from 7% to 6%. The common prediction in recent days had been for a 0.5% cut.

[Read more…]