Labor buys patience on wages from the unions

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Labor buys patience on wages from the unions
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ANALYSIS: Placating trade unions over the next six-to-12 months may be the least of the challenges the government faces.

In case you haven’t noticed, Labor has done a fair bit for the trade union movement since being elected.

as the annual inflation rate climbs. Treasurer Jim Chalmers expects it to go from 6.1 per cent to 7.75 per cent by Christmas. More broadly, Chalmers’ economic statement is part of a process to define a problem to build public support to address it. There will be a jobs and skills summit in September and a budget in October which will be confined to honouring election promises on childcare and cheaper prescriptions.outlining the magnitude of the blowouts over the next 40 years, followed by another budget in May and then the hard decisions involving structural savings.

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