Opposition demand funding for yes and no campaigns – as it happened
This blog is now closed.
- Super changes could affect 10% of people in 30 years, Labor reveals
- Malcolm Turnbull tells robodebt inquiry I did not turn my mind to the legality of the program'
- Get our morning and afternoon news emails, free app or daily news podcast
The RBA board will meet tomorrow to make its decision about raising interest rates (which, if it does so, will be the 10th increase in a row). The board has said it won't hesitate to raise interest rates again and again to get inflation down to its target band (between 2 and 3%), but the data shows whatever savings buffer some people had after the pandemic is diminishing.
David Pocock told ABC Breakfast TV it might be time to look at how we deal with inflation:
I mean, this is a big question. There's so many Australians doing it tough. My understanding is that they are simply implementing the rules. I'd like to maybe see some discussion about the rules.
If - you know, to reduce inflation, is the best way just to give money to the banks? You know, there's surely a better way of locking up some of the cash in the economy, whether it's putting it into super, raising the GST, I don't know - but to have politicians criticise what seems to be just the process that has been set up by politicians is one thing.
Continue reading...