News in brief… 19 May 2022

Australian Labor Party releases pre-election costings; Australia records unemployment rate of 3.9 percent for April; UK unemployment rate falls to 3.7 percent for March quarter

Australian Labor Party releases pre-election costings The Australian Labor Party (ALP) says its multinational tax policy would generate $1.9 billion over the forward estimates, if implemented. Releasing its policy costings on Thursday 19 May, the ALP said its commitments will have a net aggregate impact of $7.4 billion over the forward estimates when compared to the underlying cash balance outlined in the 2022 pre-election Economic and Fiscal Outlook 2022. The policy document also states t...

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Published Date: 19 May 2022