The electorate isn’t convinced by Labor’s handling of the nation’s finances in the latest Resolve Political Monitor, although the government’s primary vote rose.
Voters have marked down Labor over its handling of the nation’s finances after a political dispute about public spending and high inflation, shifting more support to the Coalition on a key test of budget management.
The Resolve Political Monitor, conducted for this masthead by Resolve Strategic, confirms the pressure on households from the cost of living: 56 per cent of voters expect the national outlook to get worse over the year ahead. The bank blamed domestic demand for the higher pressure on inflation and named government spending as a factor, putting Albanese and Treasurer Jim Chalmers on the defensive over their spending decisions.
Shadow treasurer Angus Taylor called for spending cuts to ease the pressure on inflation, noting the opposition had already rejected $45 billion in Labor policies, but he did not nominate specific cuts that would quickly affect inflation.“We need to see improvements in labour productivity. We need to see public spending reflecting what is needed to get inflation down,” he said last week.
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