AMP deputy chief economist Diana Mousina says record spending could increase inflation and slow productivity

A top economist has warned that record levels of government spending could boost inflation and slow productivity, just as updated federal budget figures show payments have risen sharply. AMP deputy chief economist Diana Mousina said state and federal spending reached a record share of the economy at about 28 percent in the June quarter.

Michael Greenfield, deputy secretary of CFMEU NSW branch, resigns amid bribery allegations

One of the most powerful figures in the CFMEU's New South Wales branch has resigned following bribery allegations. CFMEU NSW Deputy Secretary Michael Greenfield announced on Monday evening that he would be resigning from his post with immediate effect.