/ 26 March 2024

Counting on cost of living relief

Image source: Envato
Image source: Envato

The Albanese Government has foreshadowed a couple of potential announcements aimed at giving relief to Aussies struggling with ongoing cossie livs issues. The first is to increase the minimum wage (currently $23.23/hour) to keep up with inflation. Treasurer Jim Chalmers says low-income earners shouldn’t “go backwards”, but any change would need to be independently reviewed by the Fair Work Commission before it could come into play. Chalmers also hinted there could be a round of power bill relief in the upcoming Budget in May… That’s after Labor’s promise to cut Aussies’ electricity bills by $275 haven’t panned out. Coalition leader Peter Dutton yesterday called on PM Anthony Albanese to apologise for that, but he pushed back, saying former Coalition governments “didn’t land” several policies that could have improved prices.

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