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Budget Analysis: Australia’s three major political parties speak with Ticker News

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The Australian Government’s 2021 federal budget was handed down last night, with leaders spending big to lock in the nation’s Covid-19 recovery.

AAP Image/Mick Tsikas

It’s being dubbed by the Morrison government as the most crucial budget since World War II, with more than $53 billion in new stimulus payments and funding being allocated for key ­services.

The winners? The country’s vaccination rollout program, women, the aged and child care sectors, major infrastructure projects, business owners and taxpayers.

The losers? The climate, renewables, universities, and international tourism were just a few of the areas which didn’t receive as much attention – from a financial point of view.

But what did the country’s three major political parties have to say? We spoke with Federal Finance Minister Simon Birmingham, Greens Leader Adam Bandt, and Labor Senator Katy Gallagher.

SENATOR SIMON BIRMINGHAM – MINISTER FOR FINANCE, LIBERAL PARTY OF AUSTRALIA

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Birmingham says the budget plan is one which is measured and prudent, with a focus on ensuring a sustainable debt profile.

He applauds Australia and his government for its pandemic response, particularly when comparing the nation’s economic position to many other country’s around the world.

The Finance Minister believes the budget has many measures designed to help ensure Australia’s productivity continues to grow.

He says the Morison government has implemented a series of reforms and incentives to generate innovation culture in Australia, and promote sustainable and positive long-term outcomes.

In terms of the housing bubble, Birmingham speaks of expanding government-guaranteed support for first home buyers, which will allow more young people to enter the property market.

Focussing on women, the minister applauded the introduction of economic security streams which have been introduced to support the female population.

ADAM BANDT MP – LEADER OF THE AUSTRALIAN GREENS PARTY

Australian Greens

On the other end of the political spectrum is Greens Leader, Adam Bandt who says the budget is only good for “the billionaires and big corporations”.

Bandt slams the $50 billion handouts and subsidies for the coal and gas industries and the $1.1 billion for new coal and gas projects during a “climate crisis”.

He argues it’s ridiculous that the budget has $62 billion allocated for the super-rich, all whilst the government’s own forecasts anticipate further wage cuts.

The Greens Leader was not surprised by the budget, and spoke about the “trickle-down effect”, whereby subsidies and handouts will eventually be passed down to low and middle-class citizens.

Will the budget promote any real change? Bandt says this level of spending could have turned Australia into a green energy superpower. But instead, it promotes coal and gas.

Bandt talks of global summit leaders from around the world now having to hold back-room meetings to work out how they deal with Australia’s climate stance.

All in all, Bandt is not a fan of the Government and thinks that “pressure is beginning to build” on the Prime Minister and his party allies.

SENATOR KATY GALLAGHER – AUSTRALIAN LABOR PARTY

Dion Georgopoulos/The Canberra Times

Senator Katy Gallagher is a Labor Party representative for the Australian Capital Territory, bringing our budget analysis to a conclusion.

Gallagher says it is extraordinary that there is $100 billion in spending, a massive deficit and a huge debt, yet real workers on the ground are still being left behind.

She believes the budget is more of a “political fix” than a real and genuine attempt to deal with weaknesses in the economy.

The Labor Party would have liked to see better wage forecasts, and they worry that wage growth is not only going to stop – but it’s going to go backwards.

Gallagher thinks the Australian public is looking for more permanent and sustainable solutions to economic, environmental and societal issues.

In terms of the budget’s focus on women, the senator welcomes the money being spent but says the financing lacks any real form of coordinated action to ensure members of the female population are both safe and valued.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Australia’s workforce revolution sets the stage for a four-day work week

Australia’s AI Workforce Revolution: Automation Paves the Way for a Four-Day Work Week and New Job Redesigns.

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Australia’s AI workforce revolution: automation paves the way for a four-day work week.

In Short

UiPath’s report highlights the rapid shift towards “agentic automation,” where AI makes autonomous decisions, encouraging businesses to reassess roles and harness automation for productivity. This evolution may enable a four-day work week and necessitates the retraining of staff while ensuring regulations are in place for trust and compliance with AI integration.

The trend towards work reallocation is rapidly advancing, with UiPath’s new report identifying significant shifts in AI and automation.

Key insights from the report suggest a move towards “agentic automation,” where AI begins to make autonomous decisions. Yelena GalstianHead of Solutions and Customer Advisory at UiPath shares her key insights.

Organisations are encouraged to reassess existing roles and identify areas where automation can enhance productivity.

A critical aspect will be the orchestration of collaboration between human employees, AI agents, and software robots to ensure effective teamwork.

Looking ahead, the motto for businesses is to “redesign and reassign” processes while considering how AI can handle repetitive tasks, allowing human employees to focus on more complex responsibilities.

As organisations embrace these changes, we could see a potential transition to a four-day work week, made feasible through increased efficiency and productivity from AI.

For further insights into the research and methodologies for implementing AI in business, interested parties can connect with the UiPath team through their website.

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Future of hospitality: AI, smart automation, and record-breaking 2025 travel growth

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As global tourism revenue surges, cutting-edge technology and automation are revolutionising the hospitality industry.

Global travel demand remains strong heading into 2025, with industry experts predicting record-breaking tourism revenue.

According to the World Travel & Tourism Council, global tourism revenue is set to hit $1.9 trillion this year.

With record-breaking growth projected for the travel industry, hospitality leaders are embracing AI, automation, and luxury innovations to enhance guest experiences.

As demand for international travel remains strong, hospitality businesses are adapting to evolving traveler expectations through technology and innovation.

One of the key trends shaping the industry is the rise of artificial intelligence and smart automation.

From AI-powered customer service to energy-efficient hotel management systems, technology is redefining guest experiences.

Luxury boutique hotels like London’s Eccleston Square Hotel are at the forefront of this transformation.

Known as one of the world’s most technologically advanced hotels, Eccleston Square has recently unveiled a major tech upgrade.

The hotel is now using Apple TVs from ROOMNET, an advanced automation system developed with Leading Edge Automation, and a cutting-edge building management system by HSYCO. These innovations enhance operational efficiency while maintaining a commitment to sustainability.

These enhancements work in sync with the hotel’s property management system, MEWS, to create a smarter, more sustainable hospitality experience.

As AI continues to reshape the hospitality landscape, Eccleston Square Hotel’s approach reflects the industry’s broader shift toward innovation, efficiency, and sustainability—paving the way for the future of luxury travel.

Olivia Byrne, Owner and Company Director Eccleston Square Hotel joins Veronica Dudo to discuss.

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Nightmare for Labour as Reform UK leads in poll

Reform UK surpasses Labour in polling for first time, with Brexit leader Nigel Farage gaining support amid Conservative decline.

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Reform UK surpasses Labour in polling for first time, with Brexit leader Nigel Farage gaining support amid Conservative decline.

In Short

Reform UK, led by Nigel Farage, has overtaken Labour in a YouGov poll with 25% support, while Labour sits at 24% and the Conservatives at 21%. This shift indicates growing discontent with the government, particularly as Conservative leader Kemi Badenoch struggles to regain support.

The poll, conducted among 2,223 adults at the beginning of February, shows Reform UK at 25 percent support, a rise of two points from the previous poll.

Labour has declined by three points to 24 percent, while the Conservative Party has dropped to 21 percent.

While these results are notable, the next general election is not required until August 2029, and Reform’s lead falls within the poll’s margin of error. POLITICO’s Poll of Polls shows Labour and Reform both at 25 percent, with Conservatives at 22 percent.

This polling data is troubling for the government, particularly after Labour’s dominance in the last election, where they achieved a majority with 33.7 percent of the vote. Reform UK was in third place with 14.3 percent.

The findings also reflect poorly on Conservative leader Kemi Badenoch, who seeks to restore support following recent losses.

YouGov indicates that 24 percent of those who voted Conservative in July would now choose Reform, with 43 percent of Conservative voters in 2024 favouring a merger between the two parties.

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