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Albanese concedes savings needed as he faces internal Labor pressure on cost-of-living crisis

29.10.2026 09:31 | The Guardian World

Prime minister vows not to slash health and education funding amid political problem over handling of economyGet our daily political email, free app or daily news podcastAnthony Albanese has ruled out major cuts to health, education and essential services in December’s mid-year budget update, but conceded savings are required as Labor struggles to curb accelerating inflation.Amid growing pressure from within Labor’s own ranks, as well as from the opposition and business, Albanese said the Coalition was hypocritical in not supporting existing savings proposals, including the government’s plan to reduce the private health insurance rebate for people over 65. Continue reading...

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