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30 October 2026

Labor is losing control of the economic narrative as cash-strapped households look for someone to blame | Tom McIlroy

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Source reporting: Guardian Australia Politics

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Labor is losing control of the economic narrative as cash-strapped households look for someone to blame | Tom McIlroy

Jim Chalmers eyes government spending cuts but faces internal party pressure to outlay more as Melbourne Cup day interest rate decision looms If there was a data point that summed up the rough politics facing Labor on the economy this week, it came from KPMG’s chief economist, Brendan Rynne. After headline inflation rose to 4. 3% on Wednesday, Rynne noted the compounding effect on households and businesses around the country. Sign up for Guardian Australia’s Politics, really newsletter here

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