Hawkish RBA plucked by supersized rebates

Monday 28 October 2024

Labor has lost power in Queensland after incurring a swing of more than 7% against it.

However, there are claims the swing would have been worse if not for some of the ‘populist’ cost-of-living measures proposed by outgoing Premier Steven Miles.

As a result, Prime Minister Anthony Albanese is being urged to adopt some of the measures amid concerns about Labor’s loss of support in regional areas.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.