Australia news live: Jim Chalmers promises more tax reform in budget as war threatens to send inflation past 5%

Treasurer plans ‘ambitious’ changes to target intergenerational inequity. Follow today’s news liveGet our breaking news email, free app or daily news podcastThe shadow energy minister, Dan Tehan, says national cabinet should consider Covid-style government support for the Australia’s trucking industry amid the fuel crisis.Anthony Albanese will meet state premiers and chief ministers today to discuss fuel supply concerns linked to the Middle East conflict. The government is also expected to name a supply chain coordination tsar.That’s one of the things I would hope that the prime minister will be looking at. These are all the questions that need to be answered.If that support is needed to make sure that we can get the fuel to where the shortages are, that’s something that absolutely should be looked at.We’re working on substantial savings options for this budget.This will build on the savings we’ve made to date, addressing some of the fastest growing structural spending pressures and making difficult decisions in other areas. Continue reading...