Economy set to worsen, with higher unemployment and weaker growth on the way, Jim Chalmers reveals
Treasury is revising all the numbers for the mid-year update as economists warn of a difficult six months ahead Jim Chalmers has revealed December’s mid-year budget update will project weaker growth and higher unemployment, as economists warn of a difficult six months ahead for the Australian economy.
Two days after a senior Reserve Bank official foreshadowed the potential for another interest rate hike in under two weeks’ time, the treasurer in a speech on Friday morning will say “higher inflation is putting people under pressure, tighter monetary policy is weighing on domestic activity, and we can see that in the softening of the labour market”.
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UK plans military aircraft support for wildfires ahead of first resilience summit
Fire services across the UK are set to be able to request RAF aircraft for difficult wildfires, alongside plans for specialist protective equipment and an AI unit.
Full details of Burnham’s water overhaul may wait until 2027 spending review
A broad plan for England’s water sector is expected in December, but officials are still working through how greater public control would operate and what it might cost.
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The GuardianSource headline and summary supplied via NewsData.io. First collected by NewsJaws on 2026-10-23. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.