Steph Chalmers

So super modest.

And again, Grattan's research had suggested it was even smaller than that.

So, you know, obviously we can't know whether those figures will end up being correct, but obviously it's based on the assumption that you will see some sort of rotation away from investors and people will be able to perhaps exit the rental market and become owner occupiers of houses.

when they wouldn't have previously had the opportunity.

Yeah, we had heard that it's

really difficult to kind of deal with this huge shift towards illicit tobacco, even for the ABS kind of, you know, with inflation figures and things like that.

If something's not captured in the official statistics, how do you account for it?

So yeah, it is always those little interesting tidbits that, you know, might not have been thought of as something significant, but as you say, it's not a small budgetary impact.

Yes.

Bye.

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The UK Prime Minister is facing increasing pressure to step down.

And I'm ABC Business Reporter Steph Chalmers.

Yeah, so before everyone panics, the banks kind of operate on a different financial year.

So we're not at the end of the financial year yet or anything.

They operate slightly differently.

So we've got the half-year result from NAB.

Profit was down 19%.

That's kind of their statutory net profit, not their preferred measure.