Labor will spend $7.8bn to give Australians struggling with the cost of living “targeted” help that won’t put further pressure on inflation, coupling broad power bill relief with targeted changes to welfare payments in addition to the pre-announced stage 3 tax cuts revamp. As he handed down his third budgetContinue Reading
Australians must face the “hard truth” of having to pay more for energy in the future as the country struggles through the renewables transition, the chief executive of a major energy company says. As the government teases further power bill relief in the May budget, Alinta Energy chief executive JeffContinue Reading
Struggling Australian households could expect lower power bills this year after new figures showed wholesale electricity prices fell dramatically in 2023. According to the Australian Energy Regulator’s (AER) latest report, wholesale electricity prices fell by between 44 per cent and 64 per cent last year. Average annual east coast gasContinue Reading
Anthony Albanese says his government is looking at new ways to battle Australia’s cost of living crisis in 2024 as households battle the pain of high inflation ahead of Christmas. Describing Labor’s cost relief strategy as a ‘plan for a better future’, the prime minister said he would continue toContinue Reading
The Christmas lights that sparkle in Australia’s towns and cities will likely dazzle less brightly in December, as more and more households labour under a relentless cost-of-living crunch. Nearly 12 per cent of Australians will put up fewer lights compared with earlier years and nearly one in five say theyContinue Reading
Billions of dollars worth of “targeted” and “responsible” cost of living measures will this month begin flowing through for millions of Australians feeling the pinch at the checkout or when paying their bills. While the latest Australian Bureau of Statistics data indicates inflation is moderating – up 4.9 per centContinue Reading
Australians now owe more than $70bn combined as the cost of living crisis propels an explosion in personal debts, comprehensive new polling shows. Millions of people have turned to loans and credit cards to make ends meet over the past 12 months while inflation drove up household bills and theContinue Reading
Five million households and a million businesses will be bolstered by up to $500 in power bill relief. The $1.5 billion package will be announced in Tuesday’s budget, which will subsidise electricity costs for small businesses, pensioners, and other people on government payments. But the amount of money you’ll receiveContinue Reading
Prime Minister Anthony Albanese says the $1.5b package for power bill relief will be targeted to states “hardest hit” by the energy crisis. The federal government last week agreed with the states on a plan that would cap coal and gas prices for a year, and also provide $1.5b inContinue Reading