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

The Australian flag above Parliament House in Canberra
File photograph: The Australian flag above Parliament House in Canberra. Marcus Reubenstein / Unsplash. Illustrative context, not a photograph of this reported event.
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Prime minister vows not to slash health and education funding amid political problem over handling of economy Anthony 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.

Read the original report at The Guardian.

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The Guardian

Source headline and summary supplied via NewsData.io. First collected by NewsJaws on 2026-10-29. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.

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