Welcome to Need to Know this Tuesday, November 1. Here are some of this morning’s headlines:: The prospect of industry-wide strikes and small businesses being dragged into multi-employer bargaining against their will are chief among the concerns of the independents who are demanding the government delay the passage of its industrial relations legislation and subject it to greater scrutiny.
7 billion for this financial year, a $1.8 billion increase on the debt predicted just six months ago in the Andrews government’s budget.: Uncollected, undisputed tax debt rose from $26.5 billion in mid-2019 to $44.8 billion on June 30 this year, after widespread economic disruption from the pandemic and leniency for struggling taxpayers from the ATO.: NBN Co chief executive Stephen Rue took home more than $2.
Whatever the RBA does today, humble advise. Its always to go early and hard to tame the inflation. You can always cut the rate later to stimulate the economy. However, if your pace to tame the inflation is slow, then three generations will pay the price.