Anthony Albanese calls an emergency meeting with Labor MPs to address the cost of living crisis
- Labor meets in Canberra on Wednesday
Anthony Albanese has recalled Labor MPs to parliament almost two weeks earlier than expected to urgently tackle the cost of living crisis.
The Prime Minister has called for an emergency meeting in Canberra at 4pm on Wednesday afternoon.
Parliament is not scheduled to resume until February 6.
It is understood the Labor Party will discuss ways to ease financial pressure on Australian families, such as cutting energy bills, without increasing inflation.
Anthony Albanese has recalled Labor MPs to parliament two weeks earlier than expected to urgently tackle the cost of living crisis
The government’s $3 billion Energy Bill Relief Fund, which expires in June this year and was signed by the state and federal governments, is reportedly one aspect that Labor wants to expand.
The bill will reduce electricity bills for more than five million households between July last year and June 30, 2024.
It comes after Mr Albanese confirmed that he will keep his promise and continue tax cuts of up to $9,075 a year for hardworking Australians.
On Wednesday, Mr Albanese told an Adelaide radio station that the “tax cuts will happen in July. That’s what we’re committed to…we haven’t changed our position.”
The tax cuts, passed by the previous coalition government, will create a single tax bracket for workers earning between $45,000 and $200,000 a year.
More to come