FEAR & GREED | Business News Energy rebates dumped; world watches social media ban; Qantas final A380 flies
Dec 8, 2025
The recent decision to scrap energy rebates has raised eyebrows as the government reassesses its reform strategy. Notably, nearly one million Australians now juggle two jobs amidst rising living costs. A significant social media ban for under-16s has just been implemented, drawing global attention. In aviation news, Qantas celebrates the return of its full A380 fleet. Meanwhile, a controversy is brewing over Communications Minister Annika Wells and her taxpayer-funded travel. It's a whirlwind of business news and intriguing developments!
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Energy Rebates End As Reform Looms
- The federal Energy Bill Relief Fund rebates end this December after costing nearly $7 billion.
- The government may pivot from fiscal support toward structural reforms in next year's budget cycle.
Albanese Frames Budget As Reform Starting Point
- The government signals a push for long-lasting economic and social reform starting with the May budget.
- True income or economic reform will likely require tax components despite political constraints.
RBA May Sound Hawkish Without Moving Rates
- The RBA is unlikely to change the cash rate but may signal a hawkish tilt at the 2.30pm announcement.
- Market economists expect rhetoric could lean toward future rate rises despite rates staying on hold today.