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AAP
AAP
Tess Ikonomou and Emily Verdouw

Coalition's nuclear plan would hit economy: Chalmers

The treasurer says Labor is cutting power bills while the coalition's nuclear plan is 'slapstick'. (Dan Himbrechts / Mick Tsikas/AAP PHOTOS)

Treasurer Jim Chalmers is warning the coalition's nuclear plan will result in a $4 trillion hit to Australia's economy, as he defends Labor's track record on tackling energy bills.

The mid-year budget update, to be released on Wednesday, is expected to show a deterioration in the budget bottom-line.

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