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Albanese concedes savings needed as he faces internal Labor pressure on cost-of-living crisis

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Albanese faces internal Labor pressure to cut costs amid rising inflation, but he refuses to slash health and education funding, blaming the opposition for blocking necessary savings.

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Prime minister vows not to slash health and education funding amid political problem over handling of economyAnthony Albanese has ruled out major cuts to health, education and essential services in December’s mid-year budget update, but conceded savings are required as Labor struggles to curb accelerating inflation.Amid growing pressure from within Labor’s own ranks, as well as from the opposition and business, Albanese said the Coalition was hypocritical in not supporting existing savings proposals, including the government’s plan to reduce the private health insurance rebate for people over 65. Continue reading...

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