Albanese says cost of living concerns will be ‘front and centre’ of cabinet meeting

Inflation, energy prices and wages growth on Labor’s agenda as pressure builds to provide relief to low income earners before October budget

The prime minister, Anthony Albanese, says a cabinet meeting on Thursday will consider how best to respond to the cost of living crisis facing Australians amid warnings inflation will significantly worsen this year.

The meeting of his new inner ministry comes after the Reserve Bank this week lifted the official cash rate by 50 basis points to try and get on top of rapidly growing inflation. All of the big four banks have passed on the rate hike to mortgage holders.

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‘We can do much more’: Albanese calls on business to look past China to opportunities in Indonesia

Prime minister says there is significant opportunity for Australian companies in Indonesia’s growing economy

Anthony Albanese has declared Australia needs to move past its reliance on China for trade and income-generating opportunities with business needing to prioritise new strategies in Indonesia.

On his final day in Indonesia, the prime minister on Tuesday said industry could not rely on a thaw in the Australia-China relationship to restore lost opportunities.

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Jacinda Ardern to visit Anthony Albanese to discuss ‘difficult’ deportation issue

New Zealand PM arriving in Sydney on Thursday will be first foreign leader hosted by new Labor government

Jacinda Ardern will visit Australia later this week to meet the new prime minister, Anthony Albanese, when she plans to again raise the issue of “501” deportations of New Zealanders.

The New Zealand PM will visit Sydney on Thursday – the first foreign leader hosted by the new Labor government.

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PM says prospect of Chinese naval base in Cambodia ‘concerning’ – as it happened

Prime minister responds to reports of Chinese naval base in Cambodia; nation records 29 Covid deaths. This blog is now closed

There’s no magic fix for inflation, Jason Clare says

Education minister Jason Clare appeared on the Today show this morning alongside Scott Emerson.

Inflation is through the roof. Wages are through the floor. We have got interest rates knocking at the door. The Reserve Bank ... have made it clear there will be a number of interest rate rises, which makes it harder for people with big rate rises already. Especially for people who are ahead in their mortgage, but if you have just signed up and the bank says you have to pay more, it will make it harder and harder.

There is no simple magic fix to this.

The market expects them to increase interest rates because we have an inflation problem in the economy and rising interest rates were something that the Reserve Bank governor flagged before the election and that is the trajectory we are on, but just because these interest rate rises are expected, it won’t make them any less difficult for a lot of people who are already confronting cost-of- living pressures.

That is the unfortunate reality. There is no point mincing words about that. Our job is the government is to make sure that after some of this near-term cost-of-living relief runs out that it is replaced by responsible long-term sustainable cost-of-living relief in areas like medicines and childcare, getting power bills down over time and getting real wages moving again.

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Albanese says Australian businesses ‘raring to go’ as he promises stronger economic ties with Indonesia

Ahead of travelling to Makassar on Tuesday, Anthony Albanese tells Jakarta business leaders Australia will partner with Indonesia to drive clean energy transition

Anthony Albanese says Australia’s economic relationship with Indonesia has “struggled to keep pace” with the country’s “extraordinary economic rise” but the new government in Canberra will dig in behind emerging opportunities, including partnerships in clean energy.

Before travelling on Tuesday to Makassar, on the southern tip of Sulawesi – a region the Indonesian president wants to develop – Australia’s prime minister told business leaders in Jakarta that Indonesia was “central to our trade diversification strategy”.

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Energy companies urged to find more gas for Australia as Labor mulls supply ‘trigger’ to ease price surge

Resources minister signals ‘very positive’ talks with gas corporations and suggested managing coal supply could relieve market pressures

New minister Madeleine King has asked resource companies to find more gas to direct into Australian markets as she considers pulling the so-called gas “trigger”.

However, the resources minister has also claimed more coal supply was key to combating a brewing energy crisis.

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PM calls Putin’s actions ‘abhorrent’ after confirming he’ll attend G20 – as it happened

Prime minister speaks in Jakarta after sharing bike ride with Indonesian president; Richard Marles says finding successor to Collins-class submarines is ‘No 1’ defence priority; Australia records at least 19 Covid deaths. This blog is now closed.

Similarly, on the Indigenous voice to parliament, Dutton said the Coalition is “very open to the discussion and what the government has to say”.

In principle, do we support anything that’s going to improve the situation of Indigenous Australians? Absolutely.

In Ted O’Brien we have someone with an exceptional background, a very considered person, a great communicator. And he did a report ... when he was on the backbench in the last parliament on nuclear energy. He had a particular focus on the latest generation, the small modular nuclear generation which can power up to 100,000 houses. So I’m not afraid to have a discussion on nuclear. If we want to have a legitimate emissions reduction, if we want to lower emissions reduction, that’s exactly the path president Macron has embarked on in France, it’s what prime minister Johnson is talking about in the United Kingdom ... I don’t think we should be afraid to talk about any technology that’s going to have the ability to reduce emissions and electricity prices. That’s something we can consider in time. I don’t think we should rule things out simply because it’s unfashionable to talk about them.

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Anthony Albanese vows to strengthen Australia’s ties on official Indonesia visit

PM accompanied by senior ministers and business leaders as Labor’s regional diplomatic offensive continues amid growing China assertiveness

Anthony Albanese has declared he wants to strengthen the Australia-Indonesia relationship while deepening ties with south-east Asian nations amid escalating tensions prompted by China’s growing assertiveness in the Indo-Pacific.

Australia’s prime minister touched down in Jakarta on Sunday night accompanied by senior ministers and a high-powered business delegation to pursue a two-day diplomatic full court press in Indonesia.

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Anthony Albanese talks with Timor-Leste leadership as he flies to Indonesia for official visit

Ahead of Jakarta trip, PM flagged push for deeper ties with neighbours while ‘recognising the challenges’ of China’s involvement in region

Anthony Albanese had what officials characterised as a “warm and positive” conversation with the Timor-Leste prime minister, Taur Matan Ruak, en route to Jakarta on Sunday.

Ruak congratulated Albanese on his recent election victory, and the Australian prime minister pledged closer cooperation on the climate transition and development support for Timor-Leste.

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New shadow foreign minister says he wants to work ‘constructively’ with Penny Wong – as it happened

Simon Birmingham says Australian foreign policy should work with ‘one voice’; Anthony Albanese says Australia has ‘raised concerns’ with China after P-8A Poseidon intercepted by Chinese J-16 fighter aircraft; at least 30 Covid deaths recorded. This blog is now closed

NSW records five Covid deaths

The climate change and energy minister, Chris Bowen, has just shot back at Coalition criticisms of how Labor is handling the energy crisis.

We’re managing them very actively. As I said, the gas supply guarantee has already been activated and it’s already had an impact and I’m working very closely with my state and territory energy minister colleagues.

But, you know, advice from the previous government – which Angus Taylor has been happy to give out, and I noticed Peter Dutton has been giving out – is about as effective as advice from the captain of the Titanic on navigation skills.

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Albanese honours Queen amid jubilee celebrations; up to seven monkeypox cases detected; 59 Covid deaths reported – as it happened

Prime minister renames island in Lake Burley Griffin to honour monarch’s 70 years of service to Australia. This blog is now closed

Brisbane’s new Greens MPs set their sights on the suburbs

Brisbane’s new Greens MPs talk about the moments they “flipped” voters – the driveway conversions of climate unbelievers or hostile folks who had only ever supported the major parties.

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Richard Marles eyes meeting with US defence secretary at Singapore forum

Defence minister’s attendance at high-level security conference the latest in flurry of diplomatic activity by new Labor government

Australia’s new defence minister, Richard Marles, is preparing to travel to Singapore next week for a high-level security conference and a potential first meeting with his US counterpart.

The trip is the latest in a flurry of diplomatic activity by the new Labor government. The minister for foreign affairs, Penny Wong, has just wound up visits to three Pacific countries and the prime minister, Anthony Albanese, is preparing to fly to Indonesia on Sunday.

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Unions back minimum wage submission – as it happened

Labor government recommends minimum wage be increased in line with inflation; Anthony Albanese says stopping new gas projects ‘doesn’t reflect the needs’ of economy; new monkeypox cases reported in NSW and Victoria; nation records at least 50 Covid deaths. This blog is now closed

‘Pick up the phone and call your energy retailer’

The CEO of the Australian Energy Council, Sarah McNamara, appeared on ABC News Breakfast this morning to discuss the perfect storm the market is currently facing.

It is not a systemic market failure under way but there is a coincidence of factors occurring in the market, putting pressure on the wholesale price and that will put pressure on retail bills as well.

Most consumers won’t experience the kind of wholesale market price spikes we are seeing at the moment. That is because their retailers have hedging contracts to ensure their supply costs are smoothed out over time. However, because there is general upward pressure on prices, people are going to experience higher bills over the coming year.

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Environment minister seeks ‘urgent briefing’ over scrapped recovery plans – as it happened

Tanya Plibersek seeks ‘urgent briefing’ over Coalition scrapping of recovery plans; NSW man diagnosed with monkeypox; nation records 57 Covid deaths. Follow all the day’s news

Treasurer questioned on staff shortages in hospitality

Amid his media blitz, treasurer Jim Chalmers appeared on Sunrise this morning discussing energy woes.

What are we going to do to alleviate those staff issues and how long is it going to take for that to happen?

Obviously there is a role for cheaper childcare so that if people want to work more and earn more we can tap [into] that really big workforce of parents that find it too hard because they get priced out of work by the childcare system. And we are up for ... conversation with business about migration settings to make sure that they are appropriate so that they are not a substitute for doing those other things at home.

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Australia news live update: Labor ministry to be sworn in; Richard Marles admits no short-term solution on power prices

Deputy PM says power prices a ‘real issue’ in cost-of-living crisis; new consent laws in effect in NSW; NSW plastic bag ban now in effect; ten women to be sworn into new cabinet, including Clare O’Neil as home affairs minister; Victoria records 17 Covid deaths, NSW records nine. Follow all the day’s developments

Richard Marles on power prices

The Australian Energy Market Operator (AEMO) has imposed a price cap in Sydney, Brisbane and Victoria for the first time ever in response to record levels and a cold snap driving up gas use.

We have got a cost of living crisis in this country. That’s what has been left to us by the former government. And we have got a real issue with power prices. Again, that’s the legacy of having had a decade under the Liberals where they haven’t had a consistent energy policy. Where there has been no investment in getting renewable energy going and that’s now the challenge that we face.

It is not something we can solve overnight but ... there are some things that we can do sooner rather than later in terms of ... making childcare more affordable ... arguing for a wage increase for those on the minimum wage. There are issues here which are going to take longer but which we need to start addressing now ... around having a settled policy in relation to energy policy and getting our grid up to a modern standard where it can take on renewables which are cheaper.

I think all of us can see the impact plastic pollution is having on our environment. By stopping the supply of problematic plastic in the first place, we’re helping prevent it from entering our environment as litter, or going into landfill.

No one told these small businesses that plastic bags are banned … now they’re sitting on thousands of dollars’ worth of bags they can’t use.

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Anthony Albanese boasts of appointing ‘largest number of women ever in an Australian cabinet’

Prime minister unveils new frontbench team which includes 10 female cabinet ministers with Clare O’Neil given home affairs

Anthony Albanese has boasted of appointing a record number of women to his cabinet and ministry as the prime minister announced a frontbench team that shifted Richard Marles into defence and Clare O’Neil into home affairs.

Tanya Plibersek has been given responsibility for environment and water and Chris Bowen is the climate and energy minister as expected, while campaign spokesperson Jason Clare moves into education. A number of newcomers – including Anika Wells, Kristy McBain, Ged Kearney and Anne Aly – were promoted into the ministry.

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Anthony Albanese tells Labor colleagues not to waste a day as he urges ‘more inclusive’ parliament

Emotional prime minister gives first post-election address to caucus and confirms Indonesia visit this weekend

An emotional Anthony Albanese has urged his Labor colleagues not to waste a day in government while confirming he will go to Indonesia for his second overseas visit this weekend and convene the 47th parliament at the end of July.

The prime minister used his first post-election address to caucus on Tuesday, ahead of the appointment of his first cabinet and ministry, to outline his initial program as well as his expectations for the coming term of government.

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PM says ministry has more women than any other in history – as it happened

Guide Dogs Victoria CEO Karen Hayes resigns; at least 56 Covid deaths recorded. This blog is now closed

Quotas ‘might be’ something for Liberals to consider, Sussan Ley says

Deputy leader of the Liberal party Sussan Ley followed David Littleproud.

It doesn’t need to be legislated, however those policy discussions will happen through our party room and our shadow cabinet ... Demonstrating you’re serious about climate change doesn’t just include a conversation about targets.

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Labor secures majority government despite record non-major party vote and crossbench

Melbourne seat of Macnamara called for ALP guaranteeing it at least 76 seats in the House of Representatives

Labor under Anthony Albanese will govern in majority with at least 76 seats in the House of Representatives despite a record non-major party vote and crossbench.

The ABC’s election analyst Antony Green on Monday night called the south Melbourne seat of Macnamara for Labor, with the returning MP, Josh Burns, guaranteeing an ALP majority in the 151-member lower house.

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Australia news live updates: Pacific countries reject China’s proposed security deal; vote counting continues with Labor one seat from majority

China confirms Pacific-wide deal with 10 nations shelved; David Littleproud elected new National party leader with Peter Dutton to lead Liberals; seats of Gilmore, Deakin and Macnamara remain in the balance; Covid booster eligibility expanded as nation records 10 Covid deaths. Follow all the day’s developments

Anthony Albanese has wasted no time attending the theatre as prime minister.

He’s also been taking the C1 plated car for a spin through Sydney’s inner west.

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