For the first time I can remember, the federal budget was not about the government’s budget figures, it was about your family’s budget.
The most shocking news from the Labor government’s first budget was that electricity prices are surging by 56 per cent over the next year. And, gas prices are due to rise by 40 per cent.
This means that the energy bill for the average Australian household will go up by more than $1500 a year.
With broader inflation figures hitting multi-decade highs, and interest rates rising, Australian families are facing a cost-of-living crisis.