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You can find the current article at its original source at https://www.theguardian.com/australia-news/live/2019/jul/02/parliament-coalition-labor-morrison-politics-live
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New parliament opens with Scott Morrison intent on passing income tax cuts – politics live | New parliament opens with Scott Morrison intent on passing income tax cuts – politics live |
(32 minutes later) | |
Former prime minister Tony Abbott is in the public gallery for the opening of Parliament, sitting with John and Janette Howard and Bronwyn Bishop in the Senate chamber #auspol | |
Jim Chalmers has responded to the rate cut: | |
Two rate cuts in two months are a damning indictment of the Liberals’ economic mismanagement. | |
Interest rates are now a third of what they were during the depths of the Global Financial Crisis. | |
The Reserve Bank can’t do all of the heavy lifting. | |
It’s time for the Government to do its bit and support Labor’s amendments which would see every Australian worker receive a tax cut in this term of Parliament. | |
The key point from the RBA Governor’s statement today was: “Consumption growth has been subdued, weighed down by a protracted period of low income growth and declining housing prices.” | |
After six years in office, the Liberals have no one to blame but themselves for feeble growth, stagnant wages and weak consumption. | |
The Liberals’ claim that they’re good at managing the economy isn’t backed up by facts. | |
This is the only Government which has ever presided over an economic growth rate and a cash rate which both have a one in front of them at the same time. | |
This third-term Government has no plan and no idea how to fix the mess it’s made of the economy or boost the feeble growth on its watch. | |
If the Liberals were doing such a good job managing the economy, the Reserve Bank wouldn’t have had to cut the cash rate for two months in a row. | |
Tim Wilson, being Tim Wilson | |
There is always a bit of interest when parliament opens whether the MPs swear on bibles or take an affirmation. Victorian Liberal Tim Wilson has taken the whole process into new territory by taking his affirmation today while holding a copy of Milton Friedman’s Capitalism and Freedom. | |
Always best to start as you mean to continue. | |
The RBA also doesn’t want to see unemployment rise any higher. That’s a bit difficult, with some analysts predicting it could hit 6%. This is just one of the problems facing the government at the moment - the economy is not, to put it lightly, looking fantastic - mostly because of outside factors, but that is what makes it so difficult. | |
The RBA has cut the cash rate by 0.25%, making it a new record low. | |
That’s the second month in a row it has cut rates – it is now sitting at 1%. | |
The RBA wants to see some wage growth. It’s not great news for the economy. | |
Scott Morrison addressed the joint party room and told his government that it was the “year of surplus”. | |
He wants the government known for its “humility”, which is also what he said on 7.30 last night. | |
And he wants the focus to be on those outside the building, not inside the building. | |
Long live the quiet Australians. | |
Josh Frydenberg told a really bad joke, saying someone had sent him a text saying great to see the focus on tax cuts “now you need to focus your Albo-es”. | |
Get it? | |
The bells are ringing once again. | The bells are ringing once again. |
The afternoon session is about to begin. | The afternoon session is about to begin. |
And we should have news from the RBA on that rate cut in the next 10 minutes | And we should have news from the RBA on that rate cut in the next 10 minutes |
Got a passport? Cool, cool, cool | Got a passport? Cool, cool, cool |
All your faces belong to us https://t.co/ON4oNxooDu | All your faces belong to us https://t.co/ON4oNxooDu |
Craig Kelly is back on Sky, continuing his tradition of appearing on live TV like he’s yelling at you over a pub bar. | Craig Kelly is back on Sky, continuing his tradition of appearing on live TV like he’s yelling at you over a pub bar. |
The Senate comes back at 2.25pm. There are a few more formalities, then the governor general will deliver the agenda speech. The Senate will suspend at 5pm and we’ll be off for the day. | The Senate comes back at 2.25pm. There are a few more formalities, then the governor general will deliver the agenda speech. The Senate will suspend at 5pm and we’ll be off for the day. |
Tomorrow, most of the sitting is dedicated to condolence motions for Bob Hawke. | Tomorrow, most of the sitting is dedicated to condolence motions for Bob Hawke. |
The government is currently holding its party room meeting, so we’ll bring you the update from that after 2pm. | The government is currently holding its party room meeting, so we’ll bring you the update from that after 2pm. |
A bit more from Mike Bowers this morning | A bit more from Mike Bowers this morning |