Hi there, it's Tuesday, June 7. Here's what you need to get going today.
One thing to know right now: Boris Johnson survives no-confidence vote
And he can't face another challenge to his leadership for *at least* a year. Here's the lowdown:
- The UK PM has held onto his leadership of the Conservative party (and the UK) after the no-confidence motion was defeated 211 votes to 148
- But Mr Johnson's 59 per cent share of the vote was less than the 63 per cent achieved by his predecessor Theresa May in her confidence vote of December 2018 — and she was replaced seven months later
- Why did it happen? There was a damning report into lockdown parties (aka "partygate") held at his Downing Street residence
- The vote was triggered after the required 54 MPs officially called for Mr Johnson to step down from the top job
- The rebellion represents a watershed moment for him — and is a sign of deep Conservative divisions
- Mr Johnson has welcomed his victory, saying it's a "convincing" win and says the party should now "come together"
One thing you’ll be hearing about today: It's interest rate day
And it's probably *not* going to be good news, especially if you have a mortgage. Here's what we're expecting:
- The Reserve Bank is likely to lift the official cash rate (you'll hear about it at 2:30pm AEST)
- Right now, it's at 0.35 per cent. So how high will it go? Economists are split — some say it could go be a super-sized one, and go up by as much as 50 basis points (that's 0.5 per cent extra)
- If it's a more modest 25 basis points? The average person living in their own home with a $500,000 mortgage (and 25 years left) will see an extra $66 a month in repayments
- It'll be the second cash rate rise since 2010
News while you snoozed
Let's get you up to speed.
- Not great news for fruit and veggie prices today — the federal government's commodity forecaster, ABARES, says rising costs will keep prices high for the foreseeable future. ABARES executive director Jared Greenville says more supply hitting the market won't be enough to bring fresh produce prices down, as electricity and fertiliser prices rise.
- Victoria will establish Australia's first Treaty Authority, with legislation coming today — it'll help resolve disputes and oversee negotiations between the state government and Aboriginal groups. The "independent umpire" will sit outside government, with a panel made up entirely of First Nations people
- Former leader of right-wing US group the Proud Boys, Enrique Tarrio, has been indicted for seditious conspiracy over his involvement in the US Capitol attack. Four of his top lieutenants will also face the same charge — all have pleaded not guilty to other charges
The news Australia is searching for
- Elon Musk: The billionaire has warned he'll walk away from his Twitter takeover bid (worth $60 billion) if he can't get more info on fake accounts — he's now sent a letter to the company, saying it would be in "clear material breach" of its obligations if the data wasn't provided
One more thing: Apple's made some changes...
So Apple's hit up its developers conference with a bunch of updates — including a new chip and a DIY lockscreen.
One nice change? A safety check feature.
The new iOs will let users revoke access to personal data like location they had shared with other users — and that could help people leaving abusive relationships:
That's it for now
We'll be back later on with more.
ABC/wires