Spending around ten or 20 lower in real terms than it was in 2010. Other parts of the Public Sector are spending more. Finally we need to note that demand for services are going up with the population getting older and growing. Many people have needs they have to have where councils have to provide services. In a sense it has reduced resources and greater demand. And in the end some way will have to be found in National Politics to change the Local Government funding model or get Local Government doing less. To Local Government funding model is very different in other countries. It certainly is. In other countries you have a local income taxes. In scandinavia, famously, norway, sweden and denmark, local income taxes. Even in the united states, more local taxes are available so local decisions are made. Thats another issue. What Local Governments spend is heavily constrained by Central Government, and Central Government has wanted Local Government to cut its spending over time and that
resilient, one difference between here and the us, the us is further along, and our central bank is more conservative and always looks at the us for guidance.- at the us for guidance. what are the key at the us for guidance. what are the key factors at the us for guidance. what are the key factors driving i at the us for guidance. what l are the key factors driving the current interest rate movements in australia and how do they impact the economic outlook for the year? impact the economic outlook for the ear? , ., . impact the economic outlook for the ear? ., the year? the economic outlook is lookin: the year? the economic outlook is looking at the year? the economic outlook is looking at 296 the year? the economic outlook is looking at 296 with the year? the economic outlook is looking at 296 with inflation i is looking at 2% with inflation looking at mid single digit level, with the rate currently, most economists expect no rice today and potentially three cuts
widening probe. the mumbai. tell us more about this widening probe. widening probe. the issues can turn delicate widening probe. the issues can turn delicate concerned - widening probe. the issues can turn delicate concerned the - turn delicate concerned the payment division of the company which can keep deposits of up to $2400 but cannot lend to its customers and there at the central bank has cited persistent noncompliance and supervisory concerns. paytm has beenin supervisory concerns. paytm has been in regulatory cross hairs. there have been multiple warnings sent by the regulator to look into the dealings between the banking division as well as the popular payments app well as the popular payments app paytm. latest reports say theissues app paytm. latest reports say the issues include multiple transaction beyond regulatory limits, improper customer verification and even raising money laundering consent and violation of forex reels. experts say the harsh action could in
the us is a little bit further along than us, and rba, our central bank, generally is a lot more conservative and always looks to the us for guidance. what are the key factors driving the current interest rate movements in australia and how do they impact the economic outlook for the year? the economic outlook at this point is looking at a real gdp growth about 2% with inflation sitting at about mid single digit level. with the rate currently most economists expect no rise today and potentially three cuts by the end of this calendar year. our inflation rate, the last report was actually a lot better or undershot our central bank s forecast and hopefully that will be on its way down in the next few prints. how resilient is the australian economy then expected to be? you sound very optimistic about it. what are the key areas of strength but also areas perhaps of vulnerability? the australian economy s holding out well because consumers are still doing quite well, and with the r
are you waiting for the final cost of living payment? eight million households will receive just under £300 from today. but is it enough for those who need it most? i take a look. morning. today we have a band of heavy rain moving out of southern scotland and northern ireland across parts of england and wales, ahead of it cloudy, breezy and mild, behind it, pressure, a few wintry showers and not as windy. all of the details later. it s tuesday 6th february. king charles will step back from some of his royal duties as he begins his treatment for cancer. buckingham palace announced the king s diagnosis, and said while it s not prostate cancer, it was discovered during his recent treatment for an enlarged prostate. charities have praised the king s openness about his health. our royal correspondent daniela relph reports. this was the last time we saw the king in public on sunday, going to church with queen camilla on the sandringham estate in norfolk. just 17 months into his