Episode Details

Skyrocketing fuel prices from the Iran conflict are making everyone poorer, with the Reserve Bank considering another interest rate hike to combat inflation. The government announces an above-inflation wage increase for 2.7 million workers, aiming for economic sustainability. Melbournes housing market cools, with home prices down since January, indicating a broader slowdown in Victorias capital. The ABC chief faces backlash for offensive comments, and shadow minister Andrew Hastie suggests a 25% tax on gas profits from multinationals. Tensions in the Middle East persist, with Iran and China expressing hope for talks, highlighting the economic challenges were currently facing.

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