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Australians want government to address their basic needs

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Australians emphasise living standards, long-term well-being, and direct government services.

The Centre for Policy Development has unveiled its highly-anticipated multi-year survey, the “Purpose of Government Pulse,” offering fresh insights into the Australian public’s perspectives on government objectives, priorities, and performance.

The survey, spanning the years 2015 to 2023, has been publicly released for the first time, revealing intriguing trends in Australian attitudes toward governance, with new data from December 2023.

Notable shift

The findings of the report suggest a notable shift in Australians’ expectations from their government.

The majority now prioritise a government that ensures a decent standard of living and makes decisions centered on the long-term wellbeing of the population.

33% of respondents now view the government’s primary role as guaranteeing a decent standard of living, a sharp rise from the previous 17%.

This shift reflects the growing demand for government intervention to address issues affecting the wellbeing of citizens, such as cost of living pressures and soaring interest rates.

Effective government

As economic challenges continue to impact families and communities, the report indicates that Australians increasingly seek proactive and effective government involvement in resolving these challenges.

The emphasis on wellbeing is further highlighted by the fact that 80% of Australians surveyed believe that the government should prioritise the wellbeing of the population above other considerations in decision-making, marking a 10-percentage-point increase since October 2021.

With healthcare, education, and employment services at the forefront of public concern, Australians also express a preference for the government to take a more active role in delivering these essential services, rather than outsourcing them to the private sector.

When asked about the importance of the government maintaining the capability to directly deliver public services, instead of relying on outsourcing, a resounding 87% of Australians stated that it was either somewhat or very important.

This trend aligns with previous survey results and highlights a sustained shift in public sentiment, which has become more pronounced since the onset of the COVID-19 pandemic.

Active role

CEO of the Centre for Policy Development, Andrew Hudson, commented on the findings, stating that they reflect a growing sentiment among Australians for the government to play a more active role in addressing their needs.

“Australians want their government to be involved in ensuring they are afforded a reasonable standard of living – that they have a job, can afford a home, can support a family. CPD’s survey reveals Australians are not content with government being a hands-off supervisor or regulator,” Hudson remarked.

Hudson further emphasized the shift towards prioritizing long-term wellbeing and environmental considerations over solely focusing on GDP growth.

“We have seen public capability decline over decades, with service delivery being increasingly outsourced. This has created a hands-off, market-driven system in critical service areas, particularly social security, welfare, employment, and migration services,” Hudson noted.

“Recent inquiries into employment services, robodebt, and our migration system have revealed the shocking shortcomings of this hands-off approach,” he added.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Fed cuts rates, signals more potentially ahead

Fed lowers rates amid job market concerns, signalling potential further cuts in upcoming meetings

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Fed lowers rates amid job market concerns, signalling potential further cuts in upcoming meetings

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In Short:
– The Federal Reserve cut interest rates by a quarter-point to address job market concerns.
– Officials expect at least two additional rate cuts by year-end amid ongoing economic uncertainties.
The Federal Reserve has reduced interest rates by a quarter-point, addressing concerns about a weakening job market overshadowing inflation worries.
A majority of officials anticipate at least two additional cuts by year-end during the remaining meetings in October and December.Banner

Fed Chair Jerome Powell noted a significant shift in the labour market, highlighting “downside risk” in his statements.

The recent rate cut, supported by 11 of 12 Fed voters, aims to recalibrate an economy facing uncertainties from policy changes and market pressures.

Policy Dynamics

The decision comes amid intense political scrutiny, with President Trump openly criticising Powell’s reluctance to lower rates.

Despite the controversy, Powell asserts that political pressures do not influence Fed operations.

The current benchmark federal-funds rate now sits between 4% and 4.25%, the lowest since 2021, providing some reprieve to consumers and small businesses. Economic forecasts indicate ongoing complexities, including inflation trends and the impact of tariffs on labour dynamics, complicating future policy decisions.


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Fed faces unusual dissent amid leadership uncertainty

Fed’s Powell navigates contentious meeting amid Trump-appointed dissenters as rate cut looms and succession contest heats up

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Fed’s Powell navigates contentious meeting amid Trump-appointed dissenters as rate cut looms and succession contest heats up

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In Short:
– This week’s Federal Reserve meeting faces unusual dissent as Chair Powell approaches his term’s end.
– Analysts predict dissent over expected rate cuts due to political pressures from Trump-appointed officials.
This week’s Federal Reserve meeting is set to be particularly unusual, with Chair Jerome Powell facing significant disagreements over future policy as he approaches the end of his term in May.Tensions began before the meeting when Fed governor Lisa Cook won a court ruling allowing her to attend, despite opposition from President Trump, who is attempting to remove her.

The situation is further complicated by the recent swearing-in of Trump adviser Stephen Miran to the Fed’s board, following a Senate confirmation.

Analysts believe Powell may encounter dissent on an expected quarter-percentage-point rate cut from both Trump-appointed officials and regional Fed presidents concerned about inflation.

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Potential Dissent

Trump has urged significant rate cuts and for the board to challenge Powell’s decisions.

Some analysts predict dissenting votes from Miran and other Trump appointees in favour of larger cuts. Federal Reserve veterans express concerns that political motivations may undermine the institution’s integrity, with indications that greater dissent could become commonplace.


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RBA plans to ban credit card surcharges in Australia

Reserve Bank of Australia plans to ban credit card surcharges despite banks warning of potential higher fees and weaker rewards

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Reserve Bank of Australia plans to ban credit card surcharges despite banks warning of potential higher fees and weaker rewards.

In Short:
– The RBA plans to ban surcharges on debit and credit card transactions, supported by consumer group Choice.
– Major banks oppose the ban, warning it could lead to higher card fees and reduced rewards for credit card users.

The Reserve Bank of Australia (RBA) intends to implement a ban on surcharges associated with debit and credit card transactions. Consumer advocacy group Choice endorses this initiative, arguing that it is unjust for users of low-cost debit cards to incur similar fees as credit card holders.Banner

The major banks, however, are opposing this reform. They caution that the removal of surcharges could prompt customers to abandon credit cards due to diminished rewards.

A final decision by the RBA is anticipated by December 2025.


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