News

The Australian economy is projected to experience a "soft landing" characterized by lower inflation, sustained employment growth, and rising wages. However, the challenge of higher-than-anticipated net overseas migration remains, requiring ongoing monitoring and policy adjustments to ensure a smooth economic trajectory.

The Albanese government passed legislation limiting the review of previous federal environmental decisions, sparking controversy over its impact on salmon farming in Tasmania's west coast. This move aims to protect salmon farming jobs but raises concerns about environmental protection and the rushed nature of the legislation.

UK retail sales experienced a sharp decline in March, marking the sixth consecutive month of drops, as fragile consumer confidence continues to weigh on spending. The CBI survey reveals a bleak outlook, with sales expected to continue falling in April, highlighting the urgent need for government action to address the challenges facing the sector.

A landmark ruling by the Court of Appeal has empowered UK businesses to reclaim hidden fees charged by energy brokers, marking a pivotal step in holding them accountable for mis-selling practices. The judgment emphasizes the principle of informed consent and raises the bar for transparency, giving businesses a stronger legal foundation to challenge unfair practices and pursue claims for undisclosed commissions.

Inflation in the UK unexpectedly fell to 2.8% in February, offering temporary relief but underlying pressures and energy price risks mean interest rate cuts will likely be slow and measured. The Bank of England is expected to proceed cautiously, weighing the risk of second-round effects where inflation drives wage growth, fueling further price rises.