Category: Finance

PwC Accounting Gamekeeper Turns Poacher

Pricewaterhouse Coopers (PwC) warned in its Global Economic and Fraud Survey 2022. Now, following the breach of confidential information that the Australian government trusted PwC to respect, it seems that the gamekeeper turned poacher.

Is Australia’s inflation genie going to go back into its bottle?

According to the Reserve Bank of Australia (RBA) and Australian Bureau of Statistics (ABS) inflation is running at 7.8% (annualised) as the latest quarter ending December 2022, the fastest since March 1990. Given the RBA has an inflation target to keep consumer price inflation between 2–3% over the medium term, inflation is both uncomfortably high and unequivocally undesirable given the common-sense explanation that low and stable inflation is the basis for strong sustainable economic growth.

Qatar and Australian gas cartel: why ‘super profits’ are taking priority over energy price relief

Australia’s power prices continue to sore, with the continued questioning around LNG exports. Simple and common-sense reforms are what the federal government needs to ensure.