Slowing economy wipes $22b from projected budget surpluses...

News you can trust. Opinions you can't ignore. View Online   |   Forward December 16, 2019 Slowing economy wipes $22b from projected budget surpluses Treasurer Josh Frydenberg has revised down the next four years of projected budget surpluses as a slowing economy wiped $22 billion from the government's May forecast. 'Quiet' voters are becoming very loud around the world: Kenny Sky News host Chris Kenny says 2019 has been a "big year" for both the "quiet Australians," who denied Bill Shorten from being the nation's prime minister in May, along with now the "quiet Poms," who guided Boris Johnson to a thumping UK victory. Number of homes destroyed as bushfire burns in Blue Mountains The New South Wales Rural Fire Service has confirmed a number of homes have been lost after a crucial back burning operation got out of control in the Blue Mountains, west of Sydney. Ovation of the Seas returns to Sydney following volcano tragedy The cruise ship at the centre of the New Zealand volcano tragedy has returned to Sydney Harbour. Jostling begins over who will succeed Corbyn Jeremy Corbyn has apologised to Labour supporters after Thursday's general election defeat, but jostling has already begun over who should replace him as opposition leader. Govt won't be 'panicked into reckless spending' The government will not be pressured into "panicked" spending as Treasurer Josh Frydenberg lauds its disciplined approach to managing the budget. McDonalds takes over two restaurants after franchisee's racist rant surfaces McDonalds has taken back control of two restaurants in northwest Victoria after its franchisee Robert Vigors was caught on film during a racist rant. Report claims Melbourne is driving national economic growth A new report has found that Melbourne is fast becoming the nation's economic powerhouse, totalling for 40 per cent of Australia's total growth. Health professionals urge govt to address climate change Doctors, nurses and other health professionals have urged state and federal governments to address climate change, arguing the smoke blanketing Sydney is a 'public health emergency'. Government should get a 'F' on the economy: Labor Despite its rhetoric regarding the budget surplus, the Coalition should get a 'F for fail' when it comes to the economy, according to the shadow treasurer. 'Big gap' between govt promises and economic results Labor Senator Deb O'Neil says there is a "big gap" between what the government was promising to deliver in the way of a surplus and what they've been able to deliver. Budget update a 'humiliating confession' for govt: Labor The government's mid-year economic and fiscal outlook is a "humiliating confession" from a government with no economic credibility, according to the shadow treasurer. White Island volcano inquiry could take up to a year A Work Safe investigation and coronial inquiry into the Whakaari / White Island volcano disaster could take up to a year, New Zealand Prime Minister Jacinda Ardern revealed. Govt reveals major revenue write-downs Conservative consumers, stagnant wage growth and a slowdown in housing construction has led to a major write-down in government revenue. Prince Louis' first words revealed Prince Louis' first word has been revealed as 'Mary' after he recognised chef Mary Berry on a cookbook. Latest News Bulletin Copyright Australian News Channel Pty Ltd Unsubscribe