Newton & Henry Federal Budget Breakfast

Is it that time of the year/election cycle already? This will be the last budget before the Government must return to the Polls – which normally means strong fiscal stimulus as Governments looks to establish their re-election mandates.

There remains pressure on cost of living and the Government will wish to deliver real wages growth to placate the electorate, but action to achieve this needs to be managed against a sluggish economy, declining productivity outcomes and rising services and housing costs. A lack of restraint could reinvigorate inflation outlooks – which could quickly spin into a cost-wages-cost inflation spiral with further pressure on interest rates remaining high.

How will the Government walk this economic and political tightrope? You can hear it first with a detailed analysis by nationally recognised Judo Bank Economist Warren Hogan, Member for Bass Bridget Archer, and your Newton and Henry expert tax team.