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3 October 2026

Hip-pocket politics is Labor’s greatest vulnerability – and red-hot anger over the latest rate rise isn’t helping | Tom McIlroy

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Source reporting: Guardian Australia Politics

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Hip-pocket politics is Labor’s greatest vulnerability – and red-hot anger over the latest rate rise isn’t helping | Tom McIlroy

Unemployment is up, house prices are down and interest rates are rising – giving Angus Taylor the chance to show how he can turn things around The past week proved it will be as central as ever between now and the 2028 poll. But, as Labor tries to manage persistent inflation and interest rates rising to a 15-year high, its political standing is not helped by red-hot voter anger or common misunderstandings about how critical economic levers actually work. Sign up for Guardian Australia’s Politics, really newsletter here

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