Retail spending barely lifts in January

Australian retail turnover rose by just 0.1% in January 2019, according to seasonally adjusted figures from the Australian Bureau of Statistics.

Banking Code shaken up to better protect customer

In response to recommendations from the Hayne Royal Commission’s final report, the Banking Code of Practice will be revamped to provide better protections for Australian banking customers.

Average weekly full-time salary rises 2.4% to $1,605

Following the release of the latest wage price index figures, the ABS has today revealed the average weekly earnings for full-time Australian adults in November 2018 was $1,604.90.

Annual wage growth remains at 2.3%

Australian wages grew 0.5% over the December quarter of 2018, keeping the country’s annual wage growth figure at 2.3%, according to figures released by the ABS today.

Another major city to trial a Universal Basic Income

The city of Stockton in California, USA is the latest city to trial a universal basic income, a scheme that provides periodic cash payments to people to assist with the cost of living.