ContributorsPublishersAdvertisers

Josh Frydenberg

He's the treasurer who may become the next leader of the Liberal Party. So how high can Josh Frydenberg fly?

`This is the first in a two-part series on the major parties’ Treasury spokespeople. You can read Carol Johnson’s profile of Jim Chalmers here. When Josh Frydenberg was studying law at Monash University, he’d tell fellow students he wanted to go into politics and hopefully one day might be prime minister. “He would say it in a jovial fashion, not in an arrogant way,” remembers one student from the time. “He’d say [to someone] ‘you can be in my cabinet’”. The story is instructive: Frydenberg’s intensely ambitious nature was forged early, and so was his personal and political style. “Unlike the...
POLITICS
Picture for He's the treasurer who may become the next leader of the Liberal Party. So how high can Josh Frydenberg fly?

Politics with Michelle Grattan: Josh Frydenberg is optimistic about wage growth

The tax offset for low and middle income earners (LMITO) will not be extended beyond this financial year, so does this amount to a tax increase for these people? Treasurer Josh Frydenberg tells the podcast the offset was a “temporary measure” that was extended as fiscal stimulus, due to the pressures on the budget from COVID. It’s being removed “now that the economy is normalising”. With unemployment set to fall below 4%, Frydenberg also says “what we think is going to happen is upward pressure on wages”. Annual wage growth is at 2.3% but Frydenberg says there’s a “broader indicator of earnings across...
INCOME TAX
Picture for Politics with Michelle Grattan: Josh Frydenberg is optimistic about wage growth
RELATED CHANNELS

The Exchange: Australian Treasurer Josh Frydenberg

MELBOURNE, Dec 21 (Reuters Breakingviews) - With an election looming early next year, the Liberal Party’s deputy leader discusses everything from booster shots to Big Tech, climate change to China, immigration to inflation, and more. He tells Jeffrey Goldfarb how his country can overcome the many economic challenges ahead.
IMMIGRATION

Josh Frydenberg prepares ground for Scott Morrison to commit to 2050 climate target

Treasurer Josh Frydenberg will prepare the way for Scott Morrison to take a target of net zero emissions by 2050 to Glasgow, when he warns on Friday capital inflow will be at risk if Australia is seen as a climate laggard. “Australia has a lot at stake. We cannot run the risk that markets falsely assume we are not transitioning in line with the rest of the world,” Frydenberg says in a speech to the Australian Industry Group released ahead of delivery. “Were we to find ourselves in that position, it would increase the cost of capital and reduce its availability, be...
ENVIRONMENT
The Guardian

Josh Frydenberg admits climate change a major preoccupation in global markets

Josh Frydenberg has acknowledged that managing carbon risk is now a major preoccupation in global capital markets as the Morrison government mulls what commitments it will take to the Cop26 in Glasgow later this year. While Nationals have incorrectly characterised managing carbon risk as virtue signalling on multiple occasions, the...
ENVIRONMENT

Politics with Michelle Grattan: Josh Frydenberg on uncertain economic times

When Treasurer Josh Frydenberg joined the podcast in December, the outlook was positive. While the forecast deficit was massive at nearly $200 billion, it had been revised down and the prospects for growth and employment revised up. Frydenberg said then: “Australians go into Christmas with real cause for optimism and hope”. Read more: Politics with Michelle Grattan: Treasurer Josh Frydenberg on promising budget figures But the economic climate now is bleaker. And very uncertain. With the September quarter set to...
AUSTRALIA