Morning, everyone. Anthony Albanese will use a speech today to explain why he will break an election promise, changing legislated tax cuts to put more money into the pockets of modest earners – and give high earners smaller cuts than they had been expecting. In more good news for many of those struggling with the cost-of-living crisis, a huge fall in electricity prices, powered by our growing renewables sector, may allow household bills to start coming down this year. We’ve got news and analysis on these two stories, plus Russia is accusing Ukraine of shooting down a plane full of PoWs, and we look at why a council has been told not to mention its Harry Potter-themed event.
