Rising living costs, driven by soaring house prices, wage stagnation, and increasing grocery expenses, demand immediate attention.

In response, many Aussies are fervently seeking government aid to ease the strain of elevated energy and fuel bills, especially in light of the RBA rate hike yesterday.

Just before the most recent rate hike was announced, data from a poll showed that many Australians believe offering subsidies for energy and fuel expenses can ease the financial strain of daily living.

The Reserve Bank of Australia (RBA) convened on Tuesday and decided to raise the cash rate target by 25 basis points to 4.35 per cent.

Interest rates have been steady at 4.10 per cent since the RBA Board's meeting in June.

The Reserve Bank of Australia convened on Tuesday to discuss the cash rate. Image source: Facebook/Reserve Bank of Australia

The exclusive poll by The Australian asked the public for their views on government actions to address the rising cost of living.

A significant 84 per cent favoured energy bill subsidies, with 81 per cent supporting fuel price subsidies.

Additionally, 77 per cent suggested cutting government spending to combat inflation, and 73 per cent called for individual tax cuts.

Interestingly, 53 per cent of the 1,220 poll participants believed offering cash assistance to low-income families could be a viable solution.

As more Australians feel the crunch of high prices, Shadow Finance Minister Jane Hume urged the government to take stronger action against inflation during an interview.

‘If you were serious about tackling the cost of living and rising prices, why on earth would you put a tax on truckies and a tax on farmers when you know those taxes are going to immediately be passed on in the form of higher grocery prices?’ she said.

‘Why would you intervene so severely in the gas market that you're turning away new investors when we know that the only way to bring down energy prices, particularly gas prices, is to increase supply?’

The government introduced an energy bill relief plan last year, resulting in rebates for eligible households across the country.

Ms Hume also warned that measures like energy and fuel subsidies are not sustainable, long-term solutions.

‘Well of course putting subsidies, whether it be on fuel prices, whether it be on energy bills, whether it be on child care, all of these things can fuel the inflationary fire rather than temper it. They are band-aides on the bullet hole,’ she explained.

‘We want to see the government tackle inflation at its root cause, which of course is aggregate demand.’

Aggregate demand is the total spending in the economy, which includes consumption, business investment, government spending, and net exports.

‘Private sector demand has almost ground to a halt because of the 11 interest rate rises we’ve had already,’ Ms Hume said.

‘The public sector demand keeps being fuelled by government spending.’

‘That’s why we want to see the government come up with a specific plan to tackle inflation, not just deal with the symptoms, deal with the causes.’

Video source: YouTube/Sky News Australia​

Key Takeaways

• The majority of Australians, as per a new poll, are urging the government to subsidise energy bills and fuel costs in light of the significant cost of living pressures.
• The Reserve Bank of Australia increased the cash rate by 0.25 per cent after holding it steady for several months.
• According to the poll, 84 per cent of Australians support subsidised energy bills, 81 per cent favour fuel price subsidies, and 73 per cent want individual tax cuts.
• Shadow Finance Minister Jane Hume advocated for the government to take serious steps to tackle inflation at its root cause, warning that subsidies can exacerbate inflation rather than alleviate it.

Members, besides subsidies, what other solutions can you propose for the government to ease the public's financial strain due to high energy and fuel costs?

Share your ideas in the comments below!

 

[ToniaKisliakov]

If the Federal Govt really var

Rising living costs, driven by soaring house prices, wage stagnation, and increasing grocery expenses, demand immediate attention.

In response, many Aussies are fervently seeking government aid to ease the strain of elevated energy and fuel bills, especially in light of the RBA rate hike yesterday.

Just before the most recent rate hike was announced, data from a poll showed that many Australians believe offering subsidies for energy and fuel expenses can ease the financial strain of daily living.

The Reserve Bank of Australia (RBA) convened on Tuesday and decided to raise the cash rate target by 25 basis points to 4.35 per cent.

Interest rates have been steady at 4.10 per cent since the RBA Board's meeting in June.

View attachment 34178

The Reserve Bank of Australia convened on Tuesday to discuss the cash rate. Image source: Facebook/Reserve Bank of Australia

The exclusive poll by The Australian asked the public for their views on government actions to address the rising cost of living.

A significant 84 per cent favoured energy bill subsidies, with 81 per cent supporting fuel price subsidies.

Additionally, 77 per cent suggested cutting government spending to combat inflation, and 73 per cent called for individual tax cuts.

Interestingly, 53 per cent of the 1,220 poll participants believed offering cash assistance to low-income families could be a viable solution.

As more Australians feel the crunch of high prices, Shadow Finance Minister Jane Hume urged the government to take stronger action against inflation during an interview.

‘If you were serious about tackling the cost of living and rising prices, why on earth would you put a tax on truckies and a tax on farmers when you know those taxes are going to immediately be passed on in the form of higher grocery prices?’ she said.

‘Why would you intervene so severely in the gas market that you're turning away new investors when we know that the only way to bring down energy prices, particularly gas prices, is to increase supply?’

The government introduced an energy bill relief plan last year, resulting in rebates for eligible households across the country.

Ms Hume also warned that measures like energy and fuel subsidies are not sustainable, long-term solutions.

‘Well of course putting subsidies, whether it be on fuel prices, whether it be on energy bills, whether it be on child care, all of these things can fuel the inflationary fire rather than temper it. They are band-aides on the bullet hole,’ she explained.

‘We want to see the government tackle inflation at its root cause, which of course is aggregate demand.’

Aggregate demand is the total spending in the economy, which includes consumption, business investment, government spending, and net exports.

‘Private sector demand has almost ground to a halt because of the 11 interest rate rises we’ve had already,’ Ms Hume said.

‘The public sector demand keeps being fuelled by government spending.’

‘That’s why we want to see the government come up with a specific plan to tackle inflation, not just deal with the symptoms, deal with the causes.’

Video source: YouTube/Sky News Australia​

Key Takeaways

• The majority of Australians, as per a new poll, are urging the government to subsidise energy bills and fuel costs in light of the significant cost of living pressures.
• The Reserve Bank of Australia increased the cash rate by 0.25 per cent after holding it steady for several months.
• According to the poll, 84 per cent of Australians support subsidised energy bills, 81 per cent favour fuel price subsidies, and 73 per cent want individual tax cuts.
• Shadow Finance Minister Jane Hume advocated for the government to take serious steps to tackle inflation at its root cause, warning that subsidies can exacerbate inflation rather than alleviate it.

Members, besides subsidies, what other solutions can you propose for the government to ease the public's financial strain due to high energy and fuel costs?

Share your ideas in the comments below

 

[ToniaKisliakov]

Prefer to watch s

Rising living costs, driven by soaring house prices, wage stagnation, and increasing grocery expenses, demand immediate attention.

In response, many Aussies are fervently seeking government aid to ease the strain of elevated energy and fuel bills, especially in light of the RBA rate hike yesterday.

Just before the most recent rate hike was announced, data from a poll showed that many Australians believe offering subsidies for energy and fuel expenses can ease the financial strain of daily living.

The Reserve Bank of Australia (RBA) convened on Tuesday and decided to raise the cash rate target by 25 basis points to 4.35 per cent.

Interest rates have been steady at 4.10 per cent since the RBA Board's meeting in June.

View attachment 34178

The Reserve Bank of Australia convened on Tuesday to discuss the cash rate. Image source: Facebook/Reserve Bank of Australia

The exclusive poll by The Australian asked the public for their views on government actions to address the rising cost of living.

A significant 84 per cent favoured energy bill subsidies, with 81 per cent supporting fuel price subsidies.

Additionally, 77 per cent suggested cutting government spending to combat inflation, and 73 per cent called for individual tax cuts.

Interestingly, 53 per cent of the 1,220 poll participants believed offering cash assistance to low-income families could be a viable solution.

As more Australians feel the crunch of high prices, Shadow Finance Minister Jane Hume urged the government to take stronger action against inflation during an interview.

‘If you were serious about tackling the cost of living and rising prices, why on earth would you put a tax on truckies and a tax on farmers when you know those taxes are going to immediately be passed on in the form of higher grocery prices?’ she said.

‘Why would you intervene so severely in the gas market that you're turning away new investors when we know that the only way to bring down energy prices, particularly gas prices, is to increase supply?’

The government introduced an energy bill relief plan last year, resulting in rebates for eligible households across the country.

Ms Hume also warned that measures like energy and fuel subsidies are not sustainable, long-term solutions.

‘Well of course putting subsidies, whether it be on fuel prices, whether it be on energy bills, whether it be on child care, all of these things can fuel the inflationary fire rather than temper it. They are band-aides on the bullet hole,’ she explained.

‘We want to see the government tackle inflation at its root cause, which of course is aggregate demand.’

Aggregate demand is the total spending in the economy, which includes consumption, business investment, government spending, and net exports.

‘Private sector demand has almost ground to a halt because of the 11 interest rate rises we’ve had already,’ Ms Hume said.

‘The public sector demand keeps being fuelled by government spending.’

‘That’s why we want to see the government come up with a specific plan to tackle inflation, not just deal with the symptoms, deal with the causes.’

Video source: YouTube/Sky News Australia​

Key Takeaways

• The majority of Australians, as per a new poll, are urging the government to subsidise energy bills and fuel costs in light of the significant cost of living pressures.
• The Reserve Bank of Australia increased the cash rate by 0.25 per cent after holding it steady for several months.
• According to the poll, 84 per cent of Australians support subsidised energy bills, 81 per cent favour fuel price subsidies, and 73 per cent want individual tax cuts.
• Shadow Finance Minister Jane Hume advocated for the government to take serious steps to tackle inflation at its root cause, warning that subsidies can exacerbate inflation rather than alleviate it.

Members, besides subsidies, what other solutions can you propose for the government to ease the public's financial strain due to high energy and fuel costs?

Share your ideas in the comments below!

Prefer to watch skynews etc for real news what is happening in and to Australia

 

[kevinwoodtufftyke52@gmail]

Rising living costs, driven by soaring house prices, wage stagnation, and increasing grocery expenses, demand immediate attention.

In response, many Aussies are fervently seeking government aid to ease the strain of elevated energy and fuel bills, especially in light of the RBA rate hike yesterday.

Just before the most recent rate hike was announced, data from a poll showed that many Australians believe offering subsidies for energy and fuel expenses can ease the financial strain of daily living.

The Reserve Bank of Australia (RBA) convened on Tuesday and decided to raise the cash rate target by 25 basis points to 4.35 per cent.

Interest rates have been steady at 4.10 per cent since the RBA Board's meeting in June.

View attachment 34178

The Reserve Bank of Australia convened on Tuesday to discuss the cash rate. Image source: Facebook/Reserve Bank of Australia

The exclusive poll by The Australian asked the public for their views on government actions to address the rising cost of living.

A significant 84 per cent favoured energy bill subsidies, with 81 per cent supporting fuel price subsidies.

Additionally, 77 per cent suggested cutting government spending to combat inflation, and 73 per cent called for individual tax cuts.

Interestingly, 53 per cent of the 1,220 poll participants believed offering cash assistance to low-income families could be a viable solution.

As more Australians feel the crunch of high prices, Shadow Finance Minister Jane Hume urged the government to take stronger action against inflation during an interview.

‘If you were serious about tackling the cost of living and rising prices, why on earth would you put a tax on truckies and a tax on farmers when you know those taxes are going to immediately be passed on in the form of higher grocery prices?’ she said.

‘Why would you intervene so severely in the gas market that you're turning away new investors when we know that the only way to bring down energy prices, particularly gas prices, is to increase supply?’

The government introduced an energy bill relief plan last year, resulting in rebates for eligible households across the country.

Ms Hume also warned that measures like energy and fuel subsidies are not sustainable, long-term solutions.

‘Well of course putting subsidies, whether it be on fuel prices, whether it be on energy bills, whether it be on child care, all of these things can fuel the inflationary fire rather than temper it. They are band-aides on the bullet hole,’ she explained.

‘We want to see the government tackle inflation at its root cause, which of course is aggregate demand.’

Aggregate demand is the total spending in the economy, which includes consumption, business investment, government spending, and net exports.

‘Private sector demand has almost ground to a halt because of the 11 interest rate rises we’ve had already,’ Ms Hume said.

‘The public sector demand keeps being fuelled by government spending.’

‘That’s why we want to see the government come up with a specific plan to tackle inflation, not just deal with the symptoms, deal with the causes.’

Video source: YouTube/Sky News Australia​

Key Takeaways

• The majority of Australians, as per a new poll, are urging the government to subsidise energy bills and fuel costs in light of the significant cost of living pressures.
• The Reserve Bank of Australia increased the cash rate by 0.25 per cent after holding it steady for several months.
• According to the poll, 84 per cent of Australians support subsidised energy bills, 81 per cent favour fuel price subsidies, and 73 per cent want individual tax cuts.
• Shadow Finance Minister Jane Hume advocated for the government to take serious steps to tackle inflation at its root cause, warning that subsidies can exacerbate inflation rather than alleviate it.

Members, besides subsidies, what other solutions can you propose for the government to ease the public's financial strain due to high energy and fuel costs?

Share your ideas in the comments below!

Fuel costs can come down if the Federal government stops applying the price of our oil to the ' benchmark ' Singaporean price . Also our gas should be sold to our local consumers at the same or even lower prices that are given to exports.

 

[nanajaqui]

Cost of living could come down for so many if the government taced big corporations like banks and Woolworths and cokes who take in billions yet don't pay much taxif they pay at all greed drives them and everyone else holds them up they need to be paying taxes like everyone else, don't complain when people are now stealing food to survive , you increase your prices but shrink packaging and for that people sufferWRONG on all levels you need to PAY

 

[Squizzy1]

Rising living costs, driven by soaring house prices, wage stagnation, and increasing grocery expenses, demand immediate attention.

In response, many Aussies are fervently seeking government aid to ease the strain of elevated energy and fuel bills, especially in light of the RBA rate hike yesterday.

Just before the most recent rate hike was announced, data from a poll showed that many Australians believe offering subsidies for energy and fuel expenses can ease the financial strain of daily living.

The Reserve Bank of Australia (RBA) convened on Tuesday and decided to raise the cash rate target by 25 basis points to 4.35 per cent.

Interest rates have been steady at 4.10 per cent since the RBA Board's meeting in June.

View attachment 34178

The Reserve Bank of Australia convened on Tuesday to discuss the cash rate. Image source: Facebook/Reserve Bank of Australia

The exclusive poll by The Australian asked the public for their views on government actions to address the rising cost of living.

A significant 84 per cent favoured energy bill subsidies, with 81 per cent supporting fuel price subsidies.

Additionally, 77 per cent suggested cutting government spending to combat inflation, and 73 per cent called for individual tax cuts.

Interestingly, 53 per cent of the 1,220 poll participants believed offering cash assistance to low-income families could be a viable solution.

As more Australians feel the crunch of high prices, Shadow Finance Minister Jane Hume urged the government to take stronger action against inflation during an interview.

‘If you were serious about tackling the cost of living and rising prices, why on earth would you put a tax on truckies and a tax on farmers when you know those taxes are going to immediately be passed on in the form of higher grocery prices?’ she said.

‘Why would you intervene so severely in the gas market that you're turning away new investors when we know that the only way to bring down energy prices, particularly gas prices, is to increase supply?’

The government introduced an energy bill relief plan last year, resulting in rebates for eligible households across the country.

Ms Hume also warned that measures like energy and fuel subsidies are not sustainable, long-term solutions.

‘Well of course putting subsidies, whether it be on fuel prices, whether it be on energy bills, whether it be on child care, all of these things can fuel the inflationary fire rather than temper it. They are band-aides on the bullet hole,’ she explained.

‘We want to see the government tackle inflation at its root cause, which of course is aggregate demand.’

Aggregate demand is the total spending in the economy, which includes consumption, business investment, government spending, and net exports.

‘Private sector demand has almost ground to a halt because of the 11 interest rate rises we’ve had already,’ Ms Hume said.

‘The public sector demand keeps being fuelled by government spending.’

‘That’s why we want to see the government come up with a specific plan to tackle inflation, not just deal with the symptoms, deal with the causes.’

Video source: YouTube/Sky News Australia​

Key Takeaways

• The majority of Australians, as per a new poll, are urging the government to subsidise energy bills and fuel costs in light of the significant cost of living pressures.
• The Reserve Bank of Australia increased the cash rate by 0.25 per cent after holding it steady for several months.
• According to the poll, 84 per cent of Australians support subsidised energy bills, 81 per cent favour fuel price subsidies, and 73 per cent want individual tax cuts.
• Shadow Finance Minister Jane Hume advocated for the government to take serious steps to tackle inflation at its root cause, warning that subsidies can exacerbate inflation rather than alleviate it.

Members, besides subsidies, what other solutions can you propose for the government to ease the public's financial strain due to high energy and fuel costs?

Share your ideas in the comments below!

Yes, that makes sense, NOT. The RBA up rates to curb spending, then the Govt. are supposed to introduce rebates to give people more money to spend, makes no sense. Ok give relief to the most vulnerable, but not 80% of the population, that would be counter active to what is trying to be achieved. I'm sorry this has to happen because imo the RBA allowed inflation to get out of hand, but that's the draconian RBA's way of correction.

 

[Rob44]

Rising living costs, driven by soaring house prices, wage stagnation, and increasing grocery expenses, demand immediate attention.

In response, many Aussies are fervently seeking government aid to ease the strain of elevated energy and fuel bills, especially in light of the RBA rate hike yesterday.

Just before the most recent rate hike was announced, data from a poll showed that many Australians believe offering subsidies for energy and fuel expenses can ease the financial strain of daily living.

The Reserve Bank of Australia (RBA) convened on Tuesday and decided to raise the cash rate target by 25 basis points to 4.35 per cent.

Interest rates have been steady at 4.10 per cent since the RBA Board's meeting in June.

View attachment 34178

The Reserve Bank of Australia convened on Tuesday to discuss the cash rate. Image source: Facebook/Reserve Bank of Australia

The exclusive poll by The Australian asked the public for their views on government actions to address the rising cost of living.

A significant 84 per cent favoured energy bill subsidies, with 81 per cent supporting fuel price subsidies.

Additionally, 77 per cent suggested cutting government spending to combat inflation, and 73 per cent called for individual tax cuts.

Interestingly, 53 per cent of the 1,220 poll participants believed offering cash assistance to low-income families could be a viable solution.

As more Australians feel the crunch of high prices, Shadow Finance Minister Jane Hume urged the government to take stronger action against inflation during an interview.

‘If you were serious about tackling the cost of living and rising prices, why on earth would you put a tax on truckies and a tax on farmers when you know those taxes are going to immediately be passed on in the form of higher grocery prices?’ she said.

‘Why would you intervene so severely in the gas market that you're turning away new investors when we know that the only way to bring down energy prices, particularly gas prices, is to increase supply?’

The government introduced an energy bill relief plan last year, resulting in rebates for eligible households across the country.

Ms Hume also warned that measures like energy and fuel subsidies are not sustainable, long-term solutions.

‘Well of course putting subsidies, whether it be on fuel prices, whether it be on energy bills, whether it be on child care, all of these things can fuel the inflationary fire rather than temper it. They are band-aides on the bullet hole,’ she explained.

‘We want to see the government tackle inflation at its root cause, which of course is aggregate demand.’

Aggregate demand is the total spending in the economy, which includes consumption, business investment, government spending, and net exports.

‘Private sector demand has almost ground to a halt because of the 11 interest rate rises we’ve had already,’ Ms Hume said.

‘The public sector demand keeps being fuelled by government spending.’

‘That’s why we want to see the government come up with a specific plan to tackle inflation, not just deal with the symptoms, deal with the causes.’

Video source: YouTube/Sky News Australia​

Key Takeaways

• The majority of Australians, as per a new poll, are urging the government to subsidise energy bills and fuel costs in light of the significant cost of living pressures.
• The Reserve Bank of Australia increased the cash rate by 0.25 per cent after holding it steady for several months.
• According to the poll, 84 per cent of Australians support subsidised energy bills, 81 per cent favour fuel price subsidies, and 73 per cent want individual tax cuts.
• Shadow Finance Minister Jane Hume advocated for the government to take serious steps to tackle inflation at its root cause, warning that subsidies can exacerbate inflation rather than alleviate it.

Members, besides subsidies, what other solutions can you propose for the government to ease the public's financial strain due to high energy and fuel costs?

Share your ideas in the comments below!

About time our useless politicians realised that our health system needs rebuilding and stopped pandering to the medical profession's desire for wealth and status. And maybe also started on assisting students go to university rather than causing them massive debts from which it is hard to recover financially especially given inflation etc. And maybe started funding apprenticeships etc etc a once was done through TAFE.

Oh, but that's "socialism" isn't it? Can't have that in Australia!

 

[ElizaKaye]

The government advertised that we would get help with our energy bills, but they haven't told us how. I am a pensioner and my bill was triple for the winter. I thought we may have to claim but I haven't heard anything.

 

[Phantom55]

Rising living costs, driven by soaring house prices, wage stagnation, and increasing grocery expenses, demand immediate attention.

In response, many Aussies are fervently seeking government aid to ease the strain of elevated energy and fuel bills, especially in light of the RBA rate hike yesterday.

Just before the most recent rate hike was announced, data from a poll showed that many Australians believe offering subsidies for energy and fuel expenses can ease the financial strain of daily living.

The Reserve Bank of Australia (RBA) convened on Tuesday and decided to raise the cash rate target by 25 basis points to 4.35 per cent.

Interest rates have been steady at 4.10 per cent since the RBA Board's meeting in June.

View attachment 34178

The Reserve Bank of Australia convened on Tuesday to discuss the cash rate. Image source: Facebook/Reserve Bank of Australia

The exclusive poll by The Australian asked the public for their views on government actions to address the rising cost of living.

A significant 84 per cent favoured energy bill subsidies, with 81 per cent supporting fuel price subsidies.

Additionally, 77 per cent suggested cutting government spending to combat inflation, and 73 per cent called for individual tax cuts.

Interestingly, 53 per cent of the 1,220 poll participants believed offering cash assistance to low-income families could be a viable solution.

As more Australians feel the crunch of high prices, Shadow Finance Minister Jane Hume urged the government to take stronger action against inflation during an interview.

‘If you were serious about tackling the cost of living and rising prices, why on earth would you put a tax on truckies and a tax on farmers when you know those taxes are going to immediately be passed on in the form of higher grocery prices?’ she said.

‘Why would you intervene so severely in the gas market that you're turning away new investors when we know that the only way to bring down energy prices, particularly gas prices, is to increase supply?’

The government introduced an energy bill relief plan last year, resulting in rebates for eligible households across the country.

Ms Hume also warned that measures like energy and fuel subsidies are not sustainable, long-term solutions.

‘Well of course putting subsidies, whether it be on fuel prices, whether it be on energy bills, whether it be on child care, all of these things can fuel the inflationary fire rather than temper it. They are band-aides on the bullet hole,’ she explained.

‘We want to see the government tackle inflation at its root cause, which of course is aggregate demand.’

Aggregate demand is the total spending in the economy, which includes consumption, business investment, government spending, and net exports.

‘Private sector demand has almost ground to a halt because of the 11 interest rate rises we’ve had already,’ Ms Hume said.

‘The public sector demand keeps being fuelled by government spending.’

‘That’s why we want to see the government come up with a specific plan to tackle inflation, not just deal with the symptoms, deal with the causes.’

Video source: YouTube/Sky News Australia​

Key Takeaways

• The majority of Australians, as per a new poll, are urging the government to subsidise energy bills and fuel costs in light of the significant cost of living pressures.
• The Reserve Bank of Australia increased the cash rate by 0.25 per cent after holding it steady for several months.
• According to the poll, 84 per cent of Australians support subsidised energy bills, 81 per cent favour fuel price subsidies, and 73 per cent want individual tax cuts.
• Shadow Finance Minister Jane Hume advocated for the government to take serious steps to tackle inflation at its root cause, warning that subsidies can exacerbate inflation rather than alleviate it.

Members, besides subsidies, what other solutions can you propose for the government to ease the public's financial strain due to high energy and fuel costs?

Share your ideas in the comments below!

about 4yrs ago gas was being shipped to Japan from aust for about 2cents per ltr in those funny ships with round ball shaped containers...can anyone tell if this is still happening?how would one find out if and for how much our gas is being given to Japan today?...(I think the answer may surprise)

 

[Stevo114]

ALP were voted in on promises of cost of living cuts. Instead they wasted 12 months on a pointless referendum that the PM thought would give him godlike status, and the mandate to take his time over a couple of terms to try to get things done.

He stuffed up, people realise time and money has been wasted, and I would not be surprised that this will be a one term government. Definitely expect a different leader of the ALP come next election.

 

[Brody]

Rising living costs, driven by soaring house prices, wage stagnation, and increasing grocery expenses, demand immediate attention.

In response, many Aussies are fervently seeking government aid to ease the strain of elevated energy and fuel bills, especially in light of the RBA rate hike yesterday.

Just before the most recent rate hike was announced, data from a poll showed that many Australians believe offering subsidies for energy and fuel expenses can ease the financial strain of daily living.

The Reserve Bank of Australia (RBA) convened on Tuesday and decided to raise the cash rate target by 25 basis points to 4.35 per cent.

Interest rates have been steady at 4.10 per cent since the RBA Board's meeting in June.

View attachment 34178

The Reserve Bank of Australia convened on Tuesday to discuss the cash rate. Image source: Facebook/Reserve Bank of Australia

The exclusive poll by The Australian asked the public for their views on government actions to address the rising cost of living.

A significant 84 per cent favoured energy bill subsidies, with 81 per cent supporting fuel price subsidies.

Additionally, 77 per cent suggested cutting government spending to combat inflation, and 73 per cent called for individual tax cuts.

Interestingly, 53 per cent of the 1,220 poll participants believed offering cash assistance to low-income families could be a viable solution.

As more Australians feel the crunch of high prices, Shadow Finance Minister Jane Hume urged the government to take stronger action against inflation during an interview.

‘If you were serious about tackling the cost of living and rising prices, why on earth would you put a tax on truckies and a tax on farmers when you know those taxes are going to immediately be passed on in the form of higher grocery prices?’ she said.

‘Why would you intervene so severely in the gas market that you're turning away new investors when we know that the only way to bring down energy prices, particularly gas prices, is to increase supply?’

The government introduced an energy bill relief plan last year, resulting in rebates for eligible households across the country.

Ms Hume also warned that measures like energy and fuel subsidies are not sustainable, long-term solutions.

‘Well of course putting subsidies, whether it be on fuel prices, whether it be on energy bills, whether it be on child care, all of these things can fuel the inflationary fire rather than temper it. They are band-aides on the bullet hole,’ she explained.

‘We want to see the government tackle inflation at its root cause, which of course is aggregate demand.’

Aggregate demand is the total spending in the economy, which includes consumption, business investment, government spending, and net exports.

‘Private sector demand has almost ground to a halt because of the 11 interest rate rises we’ve had already,’ Ms Hume said.

‘The public sector demand keeps being fuelled by government spending.’

‘That’s why we want to see the government come up with a specific plan to tackle inflation, not just deal with the symptoms, deal with the causes.’

Video source: YouTube/Sky News Australia​

Key Takeaways

• The majority of Australians, as per a new poll, are urging the government to subsidise energy bills and fuel costs in light of the significant cost of living pressures.
• The Reserve Bank of Australia increased the cash rate by 0.25 per cent after holding it steady for several months.
• According to the poll, 84 per cent of Australians support subsidised energy bills, 81 per cent favour fuel price subsidies, and 73 per cent want individual tax cuts.
• Shadow Finance Minister Jane Hume advocated for the government to take serious steps to tackle inflation at its root cause, warning that subsidies can exacerbate inflation rather than alleviate it.

Members, besides subsidies, what other solutions can you propose for the government to ease the public's financial strain due to high energy and fuel costs?

Share your ideas in the comments below!

 

[Brody]

Basically without going into all the components of this situation, it could be said "As a Nation of People who are struggling as a whole, All we want is
"An Australian Fair go " what part of that is beyond understanding ?
For Heaven's sake, politicians open your eyes and see how much the ordinary bloke and his family are hurting badly.
You have it all at your fingertips, do something meaningful for a change. Focus where you should be attending too. And do it quickly before we all go "down the gurgler" while you pat yourselves on what a good job you are doing, and give yourselves a huge Pay Increase while the rest of us, lose whatever we have to try to survive, with all "The Cards Stacked Up Before Us".
All we want is a reasonable "Suck of the Sav".

 

[Brody]

Basically without going into all the components of this situation, it could be said "As a Nation of People who are struggling as a whole, All we want is
"An Australian Fair go " what part of that is beyond understanding ?
For Heaven's sake, politicians open your eyes and see how much the ordinary bloke and his family are hurting badly.
You have it all at your fingertips, do something meaningful for a change. Focus where you should be attending too. And do it quickly before we all go "down the gurgler" while you pat yourselves on what a good job you are doing, and give yourselves a huge Pay Increase while the rest of us, lose whatever we have to try to survive, with all "The Cards Stacked Up Before Us".
All we want is a reasonable "Suck of the Sav".

 

[Tony@51]

Rising living costs, driven by soaring house prices, wage stagnation, and increasing grocery expenses, demand immediate attention.

In response, many Aussies are fervently seeking government aid to ease the strain of elevated energy and fuel bills, especially in light of the RBA rate hike yesterday.

Just before the most recent rate hike was announced, data from a poll showed that many Australians believe offering subsidies for energy and fuel expenses can ease the financial strain of daily living.

The Reserve Bank of Australia (RBA) convened on Tuesday and decided to raise the cash rate target by 25 basis points to 4.35 per cent.

Interest rates have been steady at 4.10 per cent since the RBA Board's meeting in June.

View attachment 34178

The Reserve Bank of Australia convened on Tuesday to discuss the cash rate. Image source: Facebook/Reserve Bank of Australia

The exclusive poll by The Australian asked the public for their views on government actions to address the rising cost of living.

A significant 84 per cent favoured energy bill subsidies, with 81 per cent supporting fuel price subsidies.

Additionally, 77 per cent suggested cutting government spending to combat inflation, and 73 per cent called for individual tax cuts.

Interestingly, 53 per cent of the 1,220 poll participants believed offering cash assistance to low-income families could be a viable solution.

As more Australians feel the crunch of high prices, Shadow Finance Minister Jane Hume urged the government to take stronger action against inflation during an interview.

‘If you were serious about tackling the cost of living and rising prices, why on earth would you put a tax on truckies and a tax on farmers when you know those taxes are going to immediately be passed on in the form of higher grocery prices?’ she said.

‘Why would you intervene so severely in the gas market that you're turning away new investors when we know that the only way to bring down energy prices, particularly gas prices, is to increase supply?’

The government introduced an energy bill relief plan last year, resulting in rebates for eligible households across the country.

Ms Hume also warned that measures like energy and fuel subsidies are not sustainable, long-term solutions.

‘Well of course putting subsidies, whether it be on fuel prices, whether it be on energy bills, whether it be on child care, all of these things can fuel the inflationary fire rather than temper it. They are band-aides on the bullet hole,’ she explained.

‘We want to see the government tackle inflation at its root cause, which of course is aggregate demand.’

Aggregate demand is the total spending in the economy, which includes consumption, business investment, government spending, and net exports.

‘Private sector demand has almost ground to a halt because of the 11 interest rate rises we’ve had already,’ Ms Hume said.

‘The public sector demand keeps being fuelled by government spending.’

‘That’s why we want to see the government come up with a specific plan to tackle inflation, not just deal with the symptoms, deal with the causes.’

Video source: YouTube/Sky News Australia​

Key Takeaways

• The majority of Australians, as per a new poll, are urging the government to subsidise energy bills and fuel costs in light of the significant cost of living pressures.
• The Reserve Bank of Australia increased the cash rate by 0.25 per cent after holding it steady for several months.
• According to the poll, 84 per cent of Australians support subsidised energy bills, 81 per cent favour fuel price subsidies, and 73 per cent want individual tax cuts.
• Shadow Finance Minister Jane Hume advocated for the government to take serious steps to tackle inflation at its root cause, warning that subsidies can exacerbate inflation rather than alleviate it.

Members, besides subsidies, what other solutions can you propose for the government to ease the public's financial strain due to high energy and fuel costs?

Share your ideas in the comments below!

Stop supporting the net zero cult is one way we could reduce the cost of living i give examples my power bills have risen by over 30% food by 30%,SUBSIDIES ARE NOT GIVEN TO US BY THE GOV:T IT IS THE TAXPAYERS THAT PAY .live on what we earn as a nation and stop borrowing money balance the books then we will all be ok.Not whining but on the age pension it is getting hard.it will be harder for the generations that follow. Please stop this net zero cult as it will destroy us as a nation

 

[David567]

I still have high hopes that the Australian PM will be the first to visit Australia. The Muslims are starting WORLD WAR 3 against Jews and Christianity in the name of hate, murder and ALLAH. Such a beautiful religion don't you think. If you think prices are bad now just wait until they take over the world. Before you complain say goodbye to family and friends. It will the last time you complain.
REMEMBER ALL TERRORISTS ARE MUSLIM AND ALL MUSLIMS ARE TERRORISTS. NOT REFUGEES ALBO.

 

[Rob44]

I still have high hopes that the Australian PM will be the first to visit Australia. The Muslims are starting WORLD WAR 3 against Jews and Christianity in the name of hate, murder and ALLAH. Such a beautiful religion don't you think. If you think prices are bad now just wait until they take over the world. Before you complain say goodbye to family and friends. It will the last time you complain.
REMEMBER ALL TERRORISTS ARE MUSLIM AND ALL MUSLIMS ARE TERRORISTS. NOT REFUGEES ALBO.

I still have high hopes that the Australian PM will be the first to visit Australia. The Muslims are starting WORLD WAR 3 against Jews and Christianity in the name of hate, murder and ALLAH. Such a beautiful religion don't you think. If you think prices are bad now just wait until they take over the world. Before you complain say goodbye to family and friends. It will the last time you complain.
REMEMBER ALL TERRORISTS ARE MUSLIM AND ALL MUSLIMS ARE TERRORISTS. NOT REFUGEES ALBO.

Oddly enough I had thought it was the Zionists in Israel who had been terrorising Palestinians since 1948. However, I suppose the 1948 ethnic cleansing of 700 000 Palestinan Arabs (semitic people) into refugee camps in 1948 was legitimate under the laws of some odd god or other. Weren't the Stern Gang, Haganah and Irgun once thought to be non-Muslim terrorists?

 

[Jennie]

Rising living costs, driven by soaring house prices, wage stagnation, and increasing grocery expenses, demand immediate attention.

In response, many Aussies are fervently seeking government aid to ease the strain of elevated energy and fuel bills, especially in light of the RBA rate hike yesterday.

Just before the most recent rate hike was announced, data from a poll showed that many Australians believe offering subsidies for energy and fuel expenses can ease the financial strain of daily living.

The Reserve Bank of Australia (RBA) convened on Tuesday and decided to raise the cash rate target by 25 basis points to 4.35 per cent.

Interest rates have been steady at 4.10 per cent since the RBA Board's meeting in June.

View attachment 34178

The Reserve Bank of Australia convened on Tuesday to discuss the cash rate. Image source: Facebook/Reserve Bank of Australia

The exclusive poll by The Australian asked the public for their views on government actions to address the rising cost of living.

A significant 84 per cent favoured energy bill subsidies, with 81 per cent supporting fuel price subsidies.

Additionally, 77 per cent suggested cutting government spending to combat inflation, and 73 per cent called for individual tax cuts.

Interestingly, 53 per cent of the 1,220 poll participants believed offering cash assistance to low-income families could be a viable solution.

As more Australians feel the crunch of high prices, Shadow Finance Minister Jane Hume urged the government to take stronger action against inflation during an interview.

‘If you were serious about tackling the cost of living and rising prices, why on earth would you put a tax on truckies and a tax on farmers when you know those taxes are going to immediately be passed on in the form of higher grocery prices?’ she said.

‘Why would you intervene so severely in the gas market that you're turning away new investors when we know that the only way to bring down energy prices, particularly gas prices, is to increase supply?’

The government introduced an energy bill relief plan last year, resulting in rebates for eligible households across the country.

Ms Hume also warned that measures like energy and fuel subsidies are not sustainable, long-term solutions.

‘Well of course putting subsidies, whether it be on fuel prices, whether it be on energy bills, whether it be on child care, all of these things can fuel the inflationary fire rather than temper it. They are band-aides on the bullet hole,’ she explained.

‘We want to see the government tackle inflation at its root cause, which of course is aggregate demand.’

Aggregate demand is the total spending in the economy, which includes consumption, business investment, government spending, and net exports.

‘Private sector demand has almost ground to a halt because of the 11 interest rate rises we’ve had already,’ Ms Hume said.

‘The public sector demand keeps being fuelled by government spending.’

‘That’s why we want to see the government come up with a specific plan to tackle inflation, not just deal with the symptoms, deal with the causes.’

Video source: YouTube/Sky News Australia​

Key Takeaways

• The majority of Australians, as per a new poll, are urging the government to subsidise energy bills and fuel costs in light of the significant cost of living pressures.
• The Reserve Bank of Australia increased the cash rate by 0.25 per cent after holding it steady for several months.
• According to the poll, 84 per cent of Australians support subsidised energy bills, 81 per cent favour fuel price subsidies, and 73 per cent want individual tax cuts.
• Shadow Finance Minister Jane Hume advocated for the government to take serious steps to tackle inflation at its root cause, warning that subsidies can exacerbate inflation rather than alleviate it.

Members, besides subsidies, what other solutions can you propose for the government to ease the public's financial strain due to high energy and fuel costs?

Share your ideas in the comments below!

We are the only country that pays world parity for our own gas. Our fuel should be a lot cheaper also.

 

[magpie1]

The Country that we all love is in a dire mess at the moment.....we need a competent Government that will address all of the Country's problems for the continued welfare of its people, the taxpayers, the small business operators, the homeowners, the seniors, the sick, the homeless, the home buyers, the farmers, the producers, the exporters, the pensioners, the disabled, the jobseekers and so many more. Inflation will be with us for a while yet and everyone is looking toward the Government for leadership and for a Prime Minister who will remain on home soil and provide the Country with solutions to the problems that Australians all over the Country are facing on a daily basis. 'I Love a Sunburnt Country'.....'For we are one'.

 

[Jakepuss]

Rising living costs, driven by soaring house prices, wage stagnation, and increasing grocery expenses, demand immediate attention.

In response, many Aussies are fervently seeking government aid to ease the strain of elevated energy and fuel bills, especially in light of the RBA rate hike yesterday.

Just before the most recent rate hike was announced, data from a poll showed that many Australians believe offering subsidies for energy and fuel expenses can ease the financial strain of daily living.

The Reserve Bank of Australia (RBA) convened on Tuesday and decided to raise the cash rate target by 25 basis points to 4.35 per cent.

Interest rates have been steady at 4.10 per cent since the RBA Board's meeting in June.

View attachment 34178

The Reserve Bank of Australia convened on Tuesday to discuss the cash rate. Image source: Facebook/Reserve Bank of Australia

The exclusive poll by The Australian asked the public for their views on government actions to address the rising cost of living.

A significant 84 per cent favoured energy bill subsidies, with 81 per cent supporting fuel price subsidies.

Additionally, 77 per cent suggested cutting government spending to combat inflation, and 73 per cent called for individual tax cuts.

Interestingly, 53 per cent of the 1,220 poll participants believed offering cash assistance to low-income families could be a viable solution.

As more Australians feel the crunch of high prices, Shadow Finance Minister Jane Hume urged the government to take stronger action against inflation during an interview.

‘If you were serious about tackling the cost of living and rising prices, why on earth would you put a tax on truckies and a tax on farmers when you know those taxes are going to immediately be passed on in the form of higher grocery prices?’ she said.

‘Why would you intervene so severely in the gas market that you're turning away new investors when we know that the only way to bring down energy prices, particularly gas prices, is to increase supply?’

The government introduced an energy bill relief plan last year, resulting in rebates for eligible households across the country.

Ms Hume also warned that measures like energy and fuel subsidies are not sustainable, long-term solutions.

‘Well of course putting subsidies, whether it be on fuel prices, whether it be on energy bills, whether it be on child care, all of these things can fuel the inflationary fire rather than temper it. They are band-aides on the bullet hole,’ she explained.

‘We want to see the government tackle inflation at its root cause, which of course is aggregate demand.’

Aggregate demand is the total spending in the economy, which includes consumption, business investment, government spending, and net exports.

‘Private sector demand has almost ground to a halt because of the 11 interest rate rises we’ve had already,’ Ms Hume said.

‘The public sector demand keeps being fuelled by government spending.’

‘That’s why we want to see the government come up with a specific plan to tackle inflation, not just deal with the symptoms, deal with the causes.’

Video source: YouTube/Sky News Australia​

Key Takeaways

• The majority of Australians, as per a new poll, are urging the government to subsidise energy bills and fuel costs in light of the significant cost of living pressures.
• The Reserve Bank of Australia increased the cash rate by 0.25 per cent after holding it steady for several months.
• According to the poll, 84 per cent of Australians support subsidised energy bills, 81 per cent favour fuel price subsidies, and 73 per cent want individual tax cuts.
• Shadow Finance Minister Jane Hume advocated for the government to take serious steps to tackle inflation at its root cause, warning that subsidies can exacerbate inflation rather than alleviate it.

Members, besides subsidies, what other solutions can you propose for the government to ease the public's financial strain due to high energy and fuel costs?

Share your ideas in the comments below!

Gas costs are ridiculous, because it is OUR Gas.
Government profess to be the workers Government; so bring in price control. Ration petrol to 20ltrs a week for private sedans.
To many waste the petrol, because they've always got to be out. Public transport is very good now, so children don't need to be driven to school; walk, ride a bike, catch the bus or train. Mollycodled kids.

 

[Ezzy]

TO ADD INSULT TO INJURY, JUST 2 DAYS AFTER THE RATE INCREASE (today November 9th), THE NATIONAL BANK OF AUSTRALIA (NAB) ANNOUNCED A $7.7 MILLION PROFIT.

WHAT DOES THE RBA HAVE TO SAY ABOUT THAT? (Silence is golden).