Julia Gillard has little to fear when the Reserve Bank of Australia Board meets in August, with a mid-campaign interest rate increase possible, but unlikely according to the minutes of the last RBA Board meeting.
The Australian Labor Party is gearing up for an election campaign fought and won through social media, implementing a social networking and community engagement platform, called Campaign iQ.
A report from Goldman Sachs suggests that Julia Gillard’s compromise with the mining industry could cost the budget more than $35 billion this decade.
Australia’s Minerals Resource Rent Tax compromise is positive news for big miners but it comes at a price for the wider business community.
With BHP Billiton, Rio Tinto and Xstrata forcing Julia Gillard to bend to their RSPT demands, the Government will halve proposed Company Tax for business.
BHP Billiton, Rio Tinto and Xstrata as well as the Australian Workers Union (AWU) are pleased with plans to replace the Resource Super Profits Tax with a Mineral Resource Rent Tax (MRRT).
The Resource Super Profits Tax will now be known as the Minerals Resource Rent Tax, in a compromise between Julia Gillard’s, Federal Government and the miners.
Social media has been awash with interesting comments since the political assignation of Kevin last week. It has been said 1000 times in the last seven days, but politics is a blood sport and what’s made it even bloodier is the part social media has played.
Prime Minister Julia Gillard is reportedly closer to reaching a compromise with the mining industry, with the oil and gas industry receiving its own classification in the RSPT.
Julia Gillard has come under fire for refusing to elevate the Minister for Small Business, Craig Emerson into Cabinet in her Cabinet re-shuffle today.
