Summary
The political climate in Canberra remains tense following recent threats against female MPs, particularly in the wake of violence directed at Helen Haynes. Jim Chalmers, the Treasurer, acknowledges the escalating nature of threats faced by politicians, attributing this to increasingly violent rhetoric and a lack of systemic support for their safety. While some funding for MP security was included in the latest budget, Chalmers remains non-committal about additional financial support, emphasizing the need for higher standards and a more comprehensive approach to security.
Chalmers also discusses the current economic challenges, particularly the impact of rising global bond yields, which reflect increased risk in the global economy. He explains that these rising yields, driven by factors such as higher oil prices and inflation, will pressure Australia's budget as the government must refinance inherited debt at higher costs. He highlights the importance of managing these economic pressures while providing cost-of-living support to citizens.
The Treasurer reflects on the evolving nature of his role, noting that international economic diplomacy has become a significant aspect of his responsibilities. He expresses concern over the negative portrayal of the economy by political opponents, suggesting that their rhetoric aims to undermine public confidence for political gain. Despite acknowledging the pressures facing the economy, Chalmers maintains that there are also advantages to be leveraged. He concludes by recognizing the need for continuous improvement in communication and decision-making within his role.
Show Notes
Treasurer Jim Chalmers joins Amanda Copp to discuss threats against politicians, security funding and the economic pressures facing Australia. He explains how rising global bond yields could add billions to the cost of government debt.
Mr Chalmers also talks about how the Treasurer’s job has changed, his working relationship with Anthony Albanese. POLITICO Australia editor Ryan Heath joins Amanda to unpack the week.
Chapters
00:00 – Political safety and the aftermath of the attack on Helen Haines
01:36 – Jim Chalmers on threats against politicians
02:52 – Bond yields and the rising cost of government debt
04:44 – How the Treasurer’s job has changed
05:42 – Cost-of-living pressures and the global economy
09:02 – Productivity and the government’s plan
10:03 – Chalmers on working with Anthony Albanese
12:19 – Ryan and Amanda analyse the interview
16:06 – Coming up next week
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