Good morning. Anthony Albanese’s newly sworn-in cabinet will meet on Thursday as Labor considers how best to respond to a cost-of-living crisis facing Australians, including soaring energy bills and rising interest rates for mortgage holders.
Labor faces calls to provide emergency assistance to those on low incomes hit hardest by rising costs. Albanese said on Wednesday that cost-of-living concerns would be “front and centre” of the cabinet meeting and that the cabinet would “consider what can be done” while being “economically responsible as a government. The consideration of further cost-of-living relief comes as the government also mulls how to intervene in the energy market to get on top of soaring power prices, which are threatening to stoke further inflationary pressures.
