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John Kehoe

John Kehoe

Financial Review

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The RBA now has the data it needs to lift interest rates this month

The RBA now has the data it needs to lift interest rates this month

The latest economic national accounts and government borrowing costs hitting a 15-year high will embolden the Reserve Bank to pull the trigger on an...

02.09.2026 10

Financial Review

John Kehoe

Political attacks on institutions will backfire

Political attacks on institutions will backfire

To borrow an AFL adage that WA Premier Roger Cook will be familiar with, critics should play the ball, not the (wo)man.

26.08.2026 30

Financial Review

John Kehoe

Australia’s $1trn debt milestone comes at a risky time

The federal government’s $1 trillion debt milestone comes as interest rates on government debt hit multi-decade highs in global bond markets.

20.08.2026 20

Financial Review

John Kehoe

Australia’s next boom: Why AI won’t make easy money like mining

Data centres are more like a modest-return quarry than a high-value iron ore mine, operating on much lower profit margins and employing fewer people.

20.08.2026 20

Financial Review

John Kehoe

What happens if AI blows a hole in tax revenue?

A sharp rise in unemployment because of widespread adoption of artificial intelligence would put already-stretched government budgets under severe...

13.08.2026 30

Financial Review

John Kehoe

Data centre boom keeps up pressure on RBA interest rates

The massive build-out has contributed to a big upgrade in the central bank’s outlook for business investment, despite weak confidence in the private...

12.08.2026 30

Financial Review

John Kehoe

Why a flat 30pc tax on capital should be the maximum, not minimum

A future conservative government should consider adopting a proper dual-income system, with a flat maximum rate on all capital and savings income.

05.08.2026 20

Financial Review

John Kehoe

Sticky inflation, cooling house prices: Inside the RBA’s rates dilemma

The Australian economy has been too reliant on the easy money gains from housing, so a rebalancing could reallocate labour into more productive areas.

29.07.2026 30

Financial Review

John Kehoe

The real tax problem for start-ups is high-income tax not CGT concessions

Identifying in real time genuinely innovative early-stage companies that add to productivity and has broader spillover benefits is fraught with...

23.07.2026 30

Financial Review

John Kehoe

One Nation’s rise was helped by the RBA’s inflation complacency

Until the Reserve Bank gets on top of inflation, voter frustration about the cost of living is likely to persist and One Nation can surf the wave of...

01.07.2026 30

Financial Review

John Kehoe

Banks and super funds must prepare for ‘grey zone’ war

Finance and tech are the new geopolitical battle spaces, facing state-sponsored cyberattacks, foreign interference and insider threats.

24.06.2026 40

Financial Review

John Kehoe

The secret behind NSW Labor’s lower spending than other governments

NSW Treasurer Daniel Mookhey is doing a better job at containing spending than other governments around the country and helping the RBA contain...

24.06.2026 30

Financial Review

John Kehoe

The CGT debate can’t ignore Treasury’s tobacco tax failure

The government has inadvertently underwritten a tobacco crime wave and is now trying to plug the revenue hole by increasing taxes on capital income.

17.06.2026 60

Financial Review

John Kehoe

The big flaw in PM’s ‘it’s the economy, stupid’ response to One Nation

Anthony Albanese wants the Australian public to think he understands what is driving them into the arms of One Nation. But he misses a crucial point.

08.06.2026 50

Financial Review

John Kehoe

Tax shock will help Reserve Bank slow economy – accidentally

The disruption from the government’s budget changes may inadvertently help the RBA slow economic activity and cool inflation in the coming months.

03.06.2026 40

Financial Review

John Kehoe

Labor’s tax rush is all about politics, not economics

Some of the criticisms of Labor’s tax changes are valid, while some claims are wildly exaggerated. The government should take the time to fix its...

27.05.2026 40

Financial Review

John Kehoe

Andrew Charlton subs in for treasurer’s tax campaign

Jim Chalmers retreated to his Brisbane electorate and away from the national media limelight as the government deployed a new oracle to sell its tax...

25.05.2026 40

Financial Review

John Kehoe

Chalmers’ ‘responsible’ budget has $265b of deficits our kids will inherit

Deficits do matter because the higher government spending and rising debt in good economic times reduces the government’s flexibility to respond to...

20.05.2026 40

Financial Review

John Kehoe

Chalmers’ budget delivers his ‘values-based capitalism’

The treasurer has made no meaningful attempt to fix the income tax bracket creep that will eat away at the pay of working-age people over coming...

13.05.2026 50

Financial Review

John Kehoe

Sorry Jim, your budget ‘savings’ come with a big asterisk

To burnish Labor’s fiscal credentials, the government has promoted big savings numbers in the pre-budget buildup. But we shouldn’t be fooled.

06.05.2026 50

Financial Review

John Kehoe

RBA willing to pause but anxious about budgets

Governor Michele Bullock was blunt on the effect of any cash splashes by federal and state governments aimed at shielding households from cost...

06.05.2026 50

Financial Review

John Kehoe

Inflation gives the RBA a chance to wait for the budget

Inflation is too high, but not as bad as feared. The odds of an interest rate rise next Tuesday are about 50-50.

29.04.2026 60

Financial Review

John Kehoe

Treasury slow to act on whistleblower concerns at debt office

The initial nothing-to-see-here attitude should now give way to closer look to determine if there is something deeper and more systemic happening...

29.04.2026 50

Financial Review

John Kehoe

The budget deficit is being ‘manipulated’ to hide spending

Most journalists pay little attention to off budget spending. But we owe it to Australian taxpayers to speak truth about the real state of the...

23.04.2026 30

Financial Review

John Kehoe

Butler cleans up the NDIS mess Labor created

It should never have taken so long to stop a scheme hitting $100 billion next decade when it was originally costed at $14 billion.

22.04.2026 50

Financial Review

John Kehoe

There are good and bad ways to change property taxes

In seeking to be seen to be helping the younger generation buy property, the government could end up making an already arcane tax system more complex...

16.04.2026 50

Financial Review

John Kehoe

We will all pay higher costs for Made in Australia

Ensuring the supply of essential goods like fuel, fertiliser and medicines is sensible, but making more things at home will cost consumers, taxpayers...

08.04.2026 50

Financial Review

John Kehoe

Fuel excise cut will alarm the RBA over inflation risks

The knee-jerk reaction is just the start of more inflationary spending and puts Jim Chalmers’ pledged “reform” budget on life support.

30.03.2026 60

Financial Review

John Kehoe

This oil shock is not as bad as the 1970s. Not yet

Fuel prices have not increased as dramatically, 5 per cent inflation is a long way from double-digits, and most home borrowers can cope – for now.

26.03.2026 70

Financial Review

John Kehoe

Handouts won’t help the young become better off

A smorgasbord of policies could genuinely help young people improve their lives. Yet, here we are, quarrelling over an inconsequential capital gains...

19.03.2026 60

Financial Review

John Kehoe

RBA rate rise will not be because of Middle East oil shock

While the government will no doubt consider blaming war in the Middle East for any decision to increase interest rates, homegrown factors will matter...

11.03.2026 50

Financial Review

John Kehoe

Iran war oil inflation is a nightmare for RBA

A surge in commodity prices due to the conflict could boost revenue for businesses and the government, but it could also add to rising prices.

02.03.2026 60

Financial Review

John Kehoe

Albanese v Taylor could be socialism versus capitalism

Angus Taylor must find a savvy way of communicating the case for economic orthodoxy to a voter base increasingly distrustful of mainstream economics.

18.02.2026 60

Financial Review

John Kehoe

Capital gains tax debate needs facts, not spin

While there may be a case to change the 50 per cent discount on capital gains, the economic reality is the tax break is not nearly as generous as its...

11.02.2026 40

Financial Review

John Kehoe

Bullock’s interest rate story needs tougher talk

With the private sector rebounding, the government should be pulling back to make room for more productive enterprise activity.

04.02.2026 40

Financial Review

John Kehoe

The RBA can’t mask Labor’s economic errors

Unless there is a sharp change of direction under the Albanese government, the economic realities will catch up with the politics.

04.02.2026 30

Financial Review

John Kehoe

Liberal Party can’t decide if it loves markets or manufacturing

Huge economic ramifications are at stake from the inevitable Liberal Party leadership showdown between Sussan Ley, Andrew Hastie and Angus Taylor.

28.01.2026 40

Financial Review

John Kehoe

High inflation leaves RBA out of excuses on interest rates

Hot inflation figures mean the Reserve Bank of Australia faces an embarrassing U-turn on interest rates.

28.01.2026 50

Financial Review

John Kehoe

How Labor became the party of handouts for the rich

It is an upside-down world when Labor, traditionally the working-class party, is using tens of billions of dollars in taxpayer funds to help the...

14.01.2026 40

Financial Review

John Kehoe

Self-managed super investors should pay a fee for bailout insurance

The more one thinks about it, the more convincing it becomes that the 650,000 SMSFs should pay an annual levy if they want to be covered for losses.

07.01.2026 50

Financial Review

John Kehoe

Chalmers’ spending won’t help the RBA tame inflation

Despite the treasurer’s claim of a “stronger” budget due to higher revenue, under-the-radar spending will contribute to worsening deficits.

17.12.2025 40

Financial Review

John Kehoe

Data centres look more like a bubble than a mining boom

Macquarie’s sale of data centre assets may be a canary in the coal mine for a coming financial bust.

17.12.2025 60

Financial Review

John Kehoe

High income tax causes property investors to negatively gear

In an inconvenient truth, new research shows that high personal income tax rates motivate earners to become leveraged landlords.

10.12.2025 60

Financial Review

John Kehoe

RBA is worried it cut interest rates too far

Michele Bullock is ringing the alarm on “upside” inflation risks and openly talking about the plausibility of raising interest rates next year.

09.12.2025 50

Financial Review

John Kehoe

There is no evidence NDIS therapies help kids thrive

Australia is pumping infinite money into supply-constrained markets such as disability and childcare, while the government also mandates and helps...

03.12.2025 100

Financial Review

John Kehoe

The economy is roaring and the RBA may need to act

The rebound in the Australian economy should be, and is, good news - but capacity constraints are starting to bite.

27.11.2025 50

Financial Review

John Kehoe

Inflation shock increases risk of interest rate hike

It now seems increasingly plausible that the next move in interest rates could just as well be up, as down.

26.11.2025 50

Financial Review

John Kehoe

How the doctor and lawyer cartel make the cost of living worse

One idea to boost competition is to remove the power of industry incumbents. Two prime examples are the self-appointed “gatekeepers” in medicine...

26.11.2025 60

Financial Review

John Kehoe

How a last-resort fund for financial victims is rewarding the reckless

The two-year-old Compensation Scheme of Last Resort to bail out victims of poor financial advice and fraud is turning into a slippery slope.

19.11.2025 40

Financial Review

John Kehoe

If you’re waiting for another rate cut, read this first

The lower speed limit means the economy cannot afford as much income growth for people, and that living standards will increase by less than in the...

12.11.2025 40

Financial Review

John Kehoe