ACTU will not push for spot on RBA board as review released –as it happened

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• Philip Lowe welcomes RBA review but says description of board far from the reality'
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Bandt: if budget can afford stage-three tax cuts it can afford to lift Australians out of poverty.

Bandt is also highly critical of the government as it appears set to reject a call from its very own expert advisory panel to raise the jobseeker rate. He says if the budget can afford to keep stage-three tax cuts, it can afford to lift Australians out of poverty:

Everyday people are not causing inflation. They are the victims of inflation. Now, Labor has found over a quarter of a trillion dollars for tax cuts for billionaires and politicians that can't lift people out of poverty.

Labor's not making hard choices in this budget, they're making everyone else make hard choices, like whether to pay for the rent or whether to put food on the table.

We'll have a look at all of the recommendations of the review, and the government's response when it's released fully but a major party stitch up isn't going to fix the inflation problem.

We need more than just outsourcing the issue of tackling inflation to the RBA, which is what Liberal and Labor want to do. We know that it is excessive profiteering that is driving higher prices and inflation in this country. It's not the everyday people.