A stagnating Australian economy reflects a serious and avoidable error by policymakers — and a political call by Scott Morrison that higher unemployment is worth it to protect a budget surplus.
Good morning, early birds. UK Prime Minister Theresa May has pledged to resign if party members support her Brexit deal, and Bill Shorten calls for the Coalition to sign a parliamentary racism "code of conduct". It's the news you need to know, with Chris Woods.
The economy will be reliant on health spending for much of its jobs and wages growth over the next couple of years — and the government is increasing it.
The government has delivered a modest tax cut and a plan to return to surpluses a year earlier than forecast -- driven by a steady-as-she-goes economy.
The MYEFO has revealed that Turnbull doesn't want to do anything about fixing the deficit or debt, and it's going to be regular Australians who pay the price.
Budget on track to return to balance? Not bloody likely.
A million bucks? Two million? We should be so lucky.
Sadly, it's not quite a Night at the Museum deal.