The prime minister’s approval sank six points in February to 40%, Essential says; borrowing costs set to rise again, putting pressure on household finances
Good morning and welcome to the live politics blog on what promises to be a very busy day.Anthony Albaneseshowing that Labor’s super tax reforms are popular with voters. Half of the people asked bysaid they approved of the plan to reduce tax concessions for people with balances worth more than $3m. But the less good news is that the prime minister’s approval rating has dropped six points to 40%.
The Essential poll shows for a second month running that half of all polled Australians are struggling to pay their bills or are in serious financial difficulty, with only 49% reporting being financially comfortable. So with theexpected to raise borrowing costs by another 25 basis points to 3.6% later today, these poll numbers could look worse next time out and possibly increase pressure on Albanese.
Another big Labor policy – the plan to reform the safeguard mechanism – is under threat from the Greens who said last night that
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