Andrew Baxter

  Overview of the budget Let’s face it, this was no ‘normal’ annual budget presented by the Government – as this year we have to face a worldwide pandemic wreaking havoc across our labour market, infrastructure and construction industries, healthcare sector, and undeniably our overall economy. As we have now entered into a technical recession whereby our GDP (or economic outcome) is declining, the need for a better financial roadmap moving forwards was crucially important. Now, we have a predicted net debt of just over $922B by 2024. It’s important to note that as host Andrew Baxter prefaces the broadcast with – economics is based only on assumptions, and the assumption that we will have a coronavirus vaccine available to us by next year is a big one to take into account that may affect the entire outcome of this year’s budget. Key outcome #1: More Jobs Anything that can be done to create jobs is a great thing, hence why the government plans to spend over $4B

  At a whopping $2/litre at the bowser, oil prices have been soaring to multi-year highs. With inflationary and broader economic pressures, the energy sector has been one of the strongest outperformers in markets – here’s why: What’s the Story with Oil So Far? To put this into perspective for you right from the get-go. And the price of oil has crossed above $86 a barrel for the first time in nearly 4 years. As it’s added on nearly 20% since the start of September. Now, we’re paying nearly $2/litre at the bowser just to fill our cars up given increased fuel prices. Also putting a lot of stress on household budgets. Host Andrew Baxter attributes the soaring oil prices to the very tight balance of supply and demand. With OPEC (AKA the governing body for oil producers) limiting supply. And a coal shortage in China and India plus an increasing energy demand for travel and heating. Also, for those in the northern hemisphere entering into the colder months. And you’ve