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Labor unnerved by Albanese-Chalmers tensions as rate rise looms

The Australian Financial Review (AFR) •
October 30, 2026 • 06:40 AM
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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.

Labor unnerved by  Albanese-Chalmers tensions as rate rise looms

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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