We have reports, analysis and reaction on yesterday’s budget, including scepticism from Chartered Accountants ANZ economist Prof Richard Holden. Follow today’s news live
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If you need more of a bite-sized take on the budget, Matilda Boseley has produced this excellent video explainer boiling it all down to two main points: “please vote Labor” and “things are looking OK for Australia”.
Our political reporter, Josh Butler, explores the political sleight of hand employed by Jim Chalmers to wrongfoot his opponents and pave the way for a positive election message.
Do they go to an election promising to unwind or oppose Labor’s new tax cuts, as they initially positioned themselves on Labor’s reimagined stage-three changes? Or do they again, as they’ve done with the bulk-billing policy and cheaper medicines, immediately match the government’s pledge – then have to find another $17bn of headroom in their own economic plan, already groaning under the weight of needing to finance seven nuclear power stations?
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