News

More than five million Australians receiving social security payments will see an increase in their payments starting March 20, 2024, due to the latest indexation which takes place four times a year to offset the rising cost of living. The amount of the increase will vary depending on the type of payment and the recipient's circumstances.

Coalition MPs have been advised to downplay the prospect of a referendum on changing the constitution to deport criminal dual citizens, with the official talking points reiterating "there are no plans to hold a referendum." Opposition Leader Peter Dutton's proposal has led to concerns within the Liberal Party about the Coalition's messaging and strategy ahead of the federal election.

South Australian farmers are facing a dire situation due to the ongoing drought, with record low rainfalls and water shortages pushing them to the brink. They are desperately seeking government assistance and recognition of their struggles, while the government and opposition debate the best course of action to provide relief.

Labor's fate in the upcoming election hangs precariously on the Reserve Bank's upcoming interest rate decision. With a significant portion of Australians, particularly in Labor-held electorates, burdened by mortgages, rising interest rates and rents pose a significant threat to the party's electoral prospects.

The upcoming inflation figures on Wednesday will be crucial for the Reserve Bank's decision on a potential February interest rate cut, with easing housing costs and a strong jobs market presenting conflicting signals. The government is hopeful for rate relief before the May election, but the Reserve Bank will also consider household spending and other economic data before making its decision.