Federal budget 2026 winners and losers: rich families, overseas travellers and illegal tobacco – summary pred 8 urami in 41 minutami Taxpayers and first home buyers are the winners in Labor’s 2026 budget, while rich families could be among the losers. Find out who is better off and who is worse off in Chalmers’ budgetFederal budget 2026 LIVE updates: Australia government budget announcement and speech – latest newsExplore all of our 2026 Australia federal budget coverageGet our breaking news email, free app or daily news podcastBeing a winner or a loser from the federal budget can be the difference between hundreds of dollars – or tightening your belt even further.Tuesday’s federal budget comes at a strange time. Donald Trump is waging a war on Iran that is impacting fuel supplies globally, including Australia. Inflation is still causing havoc on household budgets. Government programs are costing more than ever. Continue reading...(The Guardian)
Keir Starmer tells cabinet he is not resigning amid growing pressure to stand down – UK politics live pred 8 urami in 43 minutami PM tells crunch cabinet meeting a leadership challenge has not been triggered and he wants to ‘get on with governing’Minister resigns from Starmer government with call for PM to quitLabour MP in seat eyed by Burnham allies says she will not stand asideHere are some pictures from No 10 this morning.Darren Jones, the chief secretary to the PM, is now being interviewed on the Today programme. Nick Robinson, the presenter, is asking him if he knows whether Keir Starmer has decided how to respond to the pressure on him to resign. Jones is avoiding the question, as he did on Sky News earlier. (See 7.43am.) Continue reading...(The Guardian)
UK borrowing costs hit highest since 1998 amid Starmer uncertainty pred 8 urami in 51 minutami Bond yields soar and pound falls against dollar as investors brace for potential Labour leadership changeBusiness live – latest updatesUK politics live – latest updatesLong-term UK borrowing costs have soared to the highest level in nearly three decades while the pound and stocks fell as investors braced for a potential change of leadership, with cabinet ministers urging Keir Starmer to quit.With investors worried about potential changes to the fiscal rigour of Starmer’s government, the yield – in effect the interest rate – on 30-year government bonds jumped 11 basis points to 5.794%, the highest since May 1998. Continue reading...(The Guardian)
Huge cuts to national disability insurance scheme aim to save more than $36bn in budget’s largest single measure pred 8 urami in 58 minutami NDIS changes foreshadowed by health minister Mark Butler will drastically reduce access to the scheme, with nearly 700 staff positions to go at NDIAFederal budget 2026 LIVE updates: Australia government budget announcement and speech – latest newsExplore all of our 2026 Australia federal budget coverageGet our breaking news email, free app or daily news podcastThe government expects to recoup $36.2bn by curbing the national disability insurance scheme’s growth over the next four years as it looks to return to the NDIS’s “original purpose” of supporting people with “significant and permanent disability”.The treasurer, Jim Chalmers, said the budget’s savings package amounted to genuine economic reform, beyond the “usual nips and tucks”. Continue reading...(The Guardian)
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