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Albanese concedes savings needed amid Labor cost-of-living pressure

Treasurer Jim Chalmers says a savings package will feature in the mid-year budget update due in mid-December, after inflation rose to four point three percent; nobody has been directed.

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  1. Hank Ledger · Lead AnchorAustralia's prime minister says he has not directed his ministers to find cuts, but that they are collectively working together to spend less.

  2. Hank Ledger · Lead AnchorWith us from Canberra is Octavia Lindqvist, who lobbies for the people who want those cuts and the people who want them stopped.

  3. Hank Ledger · Lead AnchorThanks for being here. Who is directing them?

  4. Octavia LindqvistNobody directed it. Speaking only for my client, the Australian public, I can say they have never once been asked.

  5. Hank Ledger · Lead AnchorBut the Treasurer says a savings package will be in the mid-year update, due in mid-December. Somebody has to write it.

  6. Octavia LindqvistOf course. Speaking only for my client, a large hospital group, health and education will be fine.

  7. Octavia LindqvistThe prime minister has ruled out major cuts to them.

  8. Hank Ledger · Lead AnchorA minute ago your client was the public. Now it's a hospital group.

  9. Octavia LindqvistI contain multitudes.

  10. Octavia LindqvistAlso monthly inflation rose from four percent to four point three, so a lot of people are calling me this week, and I answer them all, from both ends of this lanyard.

  11. Hank Ledger · Lead AnchorBoth ends.

  12. Hank Ledger · Lead AnchorSo someone in this country is paid to ask for the cuts, and you're paid to say there won't be any.

  13. Hank Ledger · Lead AnchorWho's the one who wrote the December update?

  14. Octavia LindqvistSpeaking only for my client, a firm I can't name, I'd say that is a question for the other side of my lanyard. Which one is facing out?

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From the archive: everything BBN aired on Thursday, October 29, 2026 · the U.S. archive · all months