Tensions between the prime minister and the treasurer have been exacerbated by the government’s inability to land the budget and the worsening inflation outlook.
Signs of a deteriorating relationship between Anthony Albanese and treasurer Jim Chalmers are starting to unnerve Labor colleagues who worry the government’s hallmark stability could fracture.
Party colleagues say the tensions have been exacerbated by the government’s prolonged struggle to pass the May budget, which was riddled with unintended consequences, alongside a worsening outlook for inflation and interest rates.
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A treacherous economic picture has damaged the dynamic between the prime minister and treasurer. But this is also a story of factions and personality clashes in Labor’s top brass.
The cost of doing business in the US is getting increasingly pricier: Wholesale-level inflation accelerated last month to its highest rate in nearly four years, Bureau of Labor Statistics data showed Friday.
Subsidies for household batteries and EVs could be pared back further, although no final decisions have been made and either may still be untouched.
Underlying the grimness inside the government is the realisation that there are few easy policy options to hand.
The Australian prime minister’s use of traditional skills – and free flat whites – brought success in Turkey. But his country’s fossil fuel industry and its culture wars remain a problem
Prime minister Albanese slammed for failing to mention fossil fuels at the climate summit; Police launch investigation, after human torso was discovered in Sydney; Jillaroos stars ready for Sunday's World Cup final showdown against New Zealand.
