Labor's Fate Hangs on Treasury Advice

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Labor's Fate Hangs on Treasury Advice
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The turning point towards a broken promise came at the end of last week. Only then did Anthony Albanese and Jim Chalmers have the formal advice from Treasury to justify a decision that would put their integrity on the line and shape Labor’s fate at the next election.

The turning point towards a broken promise came at the end of last week. Only then did Anthony Albanese and Jim Chalmers have the formal advice from Treasury to justify a decision that would put their integrity on the line and shape Labor ’s fate at the next election.

The prime minister and treasurer took the weekend to consider the Treasury conclusions: that changing the stage 3 tax package was the single best way to help households with the cost of living, they could do it without putting pressure on inflation, and they could encourage more people into work.This was a game-changer. The conclusions answered one of the key anxieties among Labor caucus members during a meeting last November that, it is now clear, opened the door to a new policy. The message from MPs was that Australians on middle incomes were desperate for more help with their household costs and could not wait until the May budget to see more action from Canberra. The Treasury advice finally revealed the best way to answer that cal

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