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Claims GDP is an outdated measure of policy impact

Scientists are urging governments to ditch GDP as an indicator of policy success and adopt a more wholistic measure of the health of an economy. A research paper out of

Nation’s monthly wages bill tops $100b

Australia’s monthly wages bill has topped $100 billion for the first time. New figures released by the Australian Bureau of Statistics (ABS) show total wages and

Cost pressures prevent disadvantaged filling prescriptions

More than 10 percent of Australia’s most vulnerable people have gone without prescribed medication, due to cost, in the past 12 months, according to the latest

Government prepares cash mandate for business

The Federal Government will determine next year which businesses will be required by law to continue to accept cash in an increasingly digital world. Federal Treasurer

Cash decline is encouraging rash spending habits

The move away from cash is leading to more impulsive and unnecessary purchase decisions, a new study has found. Research from the University of Surrey found that

NAB in court over hardship support applications

National Australia Bank (NAB) is being sued over the handling of hardship applications from hundreds of vulnerable clients. The Australian Securities and Investments

Will a $900m fund have any impact on productivity?

By Roy Green Productivity is the greatest structural problem in our economy, according to Treasurer Jim Chalmers. He says there is “no higher priority for

Annual wage growth at 3.5 percent

Annual wage growth has fallen below 4 percent. The latest Australian Bureau of Statistics (ABS) data, released today, showed the Wage Price Index (WPI) rose 0.8 percent

Global book sales holding up as new stores open

Predictions that books are a dying product may have been premature. Latest data shows sales are mostly stable, and audio books are booming. Positivity in the book market

Billion-dollar bonus for Aussie travellers

Australian travellers have more than a billion dollars of unspent foreign cash languishing at the bottom of the backpacks and money belts. New research from hospitality

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